Introduction

BRC-100 is an extensible decentralized computing protocol based on Ordinals Theory

BRC-100: An Extensible Decentralized Computing Protocol based on Ordinals Theory

Date: Sept. 2 2023

Creator: Mikael.btc

Email: [e-mail]

Twitter: https://twitter.com/MikaelBTC

This document is intended to manage BRC-100 protocol and its extension and improvement protocols. The following table shows the current protocols status.

Protocol	Creator	Description	Status	Released Time
BRC-1XX		More BRC-100 extension and improvement protocols
...		...
BRC-116		An Asset Vesting Protocol
BRC-115		An Aggregator Protocol for Lending
BRC-114		An Aggregator Protocol for Decentralized Exchange
BRC-113		A Launchpad Protocol for BRC-100 Assets
BRC-112	Mikael.btc	An Asset Issuance Protocol for Administrator	Developing
BRC-111		A Verification Protocol for Bitcoin Layer 2
BRC-110		A Relay Protocol among EVM Compatible Blockchains and BRC-100
BRC-109		A Decentralized Exchange Protocol for Perpetual Futures
BRC-108		An Automated Liquidity Protocol for Stablecoin
BRC-107	Mikael.btc	A Lending Pool Protocol	Developing
BRC-106	Mikael.btc	A Decentralized Stablecoin Pool Protocol	Developing
BRC-105	Mikael.btc	An Airdrop Protocol	Developing
BRC-104	Mikael.btc	A Liquid Staking/Restaking Pool Protocol for BRC-100, BRC-20, Runes and BTC	Partially Online	Mar. 30 2024
BRC-103	Mikael.btc	A Relay Protocol among Bitcoin, BRC-20 and BRC-100	Developing
BRC-102	Mikael.btc	An Automated Liquidity Protocol for BRC-100 Assets	Online	Jan. 9 2024
BRC-101	Mikael.btc	A Decentralized On-Chain Governance Protocol for BRC-100 Protocol Stack	Online	Sep. 16 2023
BRC-100	Mikael.btc	An Extensible Decentralized Computing Protocol based on Ordinals Theory	Online	Sep. 2 2023

As we all know, Ordinals Theory, BRC-20 and other protocols based on Bitcoin have brought a lot of imagination to the development of Bitcoin ecosystem through "on-chain declaration, off-chain resolve" mechanism. And a large number of Bitcoin NFTs and tokens have been issued, but the development of decentralized applications such as DeFi is still lagging behind. This document attempts to explore a protocol that supports decentralized computing: BRC-100, and how the protocol can be extended and improved, to create a possibility for decentralized applications based on the Bitcoin network.

Introduction - Ordinal Theory Handbook

brc-20brc-20 experiment

The BRC-100 protocol is an extensible decentralized computing protocol based on Ordinals Theory. BRC-100 proposes a modularity method of protocols and applications: inheritance and nesting, which provides a theoretical basis for the extension of BRC-100 protocol and applications. BRC-100 protocol essentially describes a token with computing capabilities and states. The behavior of the token is an extension of BRC-20 protocol. The computing capabilities and state transition can be extended by BRC-100 extension protocol. All BRC-100 extension protocols are compatible with each other, that is, tokens that implement BRC-100 and its extension protocols can be used in all applications. At the same time, BRC-100 protocol and its extension protocols can be updated and upgraded through improvement protocols. BRC-100 protocol and all its extension and improvement protocols are called BRC-100 protocol stack.

The BRC-100 protocol is based on two models: UTXO model and state machine model, which greatly extends the computing capabilities of Bitcoin. The operation of token satisfies the UTXO model, and the computation conforms to the state machine model. And BRC-100 provides new operations: burn2/burn3 and mint2/mint3, so that token can be safely converted between UTXO model and state machine model.

BRC-100 introduces many concepts, please read the explanation below firstly.

Term	Description
BRC-100 Protocol	An extensible decentralized computing protocol based on Ordinals Theory
BRC-100 Protocol Stack	The collective name for BRC-100 and its extension and improvement protocols
Protocol	A standard that describes the attributes, operations, and computing operations of the application
Inheritance	The extension protocol will inherit the properties, operations and computing operations of the parent protocol
BRC-100 Extension Protocols	The protocols that directly or indirectly inherit from BRC-100 protocol
BRC-100 Improvement Protocols	The protocols used to improve BRC-100 and its extension protocols
Governance of BRC-100 Protocol	Proposal, review, addition, modification, and deletion of BRC-100 and its extension and improvement protocols
Computing Operation	The computing capability of the protocol, expressed by cop attribute
Application	An instance created after the protocol is deployed to Bitcoin blockchain through inscriptions
Token	Application is essentially a token with computing capabilities and states
Nesting/Child Application	Multiple applications can be created under one application, to complete multiple independent computing logics
BRC-101 Protocol	A governance protocol that defines how to govern an application that implements BRC-100 or its extension protocol
Governance of Application	The process of updating application attributes, creating child applications, and stopping application
Oracle	Indexers can serve as the Oracle Verifier to verify the off-protocol proof data submitted by the user
Relay Protocol	Responsible for bridging assets among Bitcoin, meta-protocols, blockchains and the BRC-100 protocol

The BRC-100 protocol stack is open, and developers are welcome to participate in building protocols, developing applications, and jointly building the Bitcoin ecosystem. You can join the BRC-100 Developers Community: https://t.me/BRC100Developers.

Also, if you like BRC-100, you can donate to: bc1pdkyv4vp507vrvj4x3h4pmlj2jrz235vmex9cz7flkg8mvra2jmzq50ay7c.