1. Rapid expansion of Bitcoin ecosystem and development of asset protocols

Current situation In recent years, as the world's largest decentralized network, Bitcoin's ecosystem has continued to expand. However, the native functions of the Bitcoin chain are limited to simple value storage and transfer, and lack efficient asset protocols to support complex financial applications. Although protocols such as BRC-20 and Ordinals have tried to fill this gap, they each have technical limitations, such as reliance on off-chain indexers and liquidity fragmentation.

1. The significance of Goldinals' debut

The birth of Goldinals has opened up a new era for Bitcoin asset protocols. As a unified set of asset standards, Goldinals not only improves operational efficiency, but also breaks the technical barriers of existing protocols, marking that Bitcoin has entered a new era with more powerful functions and wider applications.

1. Goldinals as a unified asset protocol for Bitcoin

Goldinals is a trustless asset protocol based on the Bitcoin network, designed to provide a unified asset creation, management and transaction standard for the Bitcoin ecosystem.

2. Founding background

Goldinals was proposed by Domo, the founder of the BRC-20 protocol, and the technical implementation was undertaken by the Nubit team. Domo's vision is to solve the problems of poor interoperability and liquidity fragmentation of existing asset protocols, while Nubit has turned this idea into reality through innovative technology.

3. Goal

The core goal of Goldinals is to enhance the asset protocol function of the Bitcoin chain, making it decentralized, highly secure and efficient, thereby providing a better experience for developers and users.

1. Differences from BRC-20 Different dependencies:

BRC-20 requires an off-chain indexer, which is prone to centralization risks. Goldinals achieves complete trustlessness through on-chain verification, eliminating centralization risks. Technical architecture: Goldinals uses zero-knowledge proof (ZKP) and the computing power provided by BitVM to ensure the security and transparency of asset operations.

1. Complementarity with Ordinals

Goldinals is compatible with Ordinals, further expanding Ordinals' capabilities in asset creation and management, forming a more comprehensive solution.

1. Similarities and differences with Ethereum ERC-20

Similarities: Similar API design, convenient for developers to get started quickly.

Differences: Goldinals relies on the Bitcoin chain, has higher security and decentralized properties, and avoids the on-chain congestion problem that Ethereum may face.

1. Three-stage state machine process:

Solving the problem of Bitcoin's stateless design Preparation phase (Prepare): The user declares the intention of the operation and conducts preliminary verification. Kickoff phase (Kickoff): The on-chain status update of the operation is completed through zero-knowledge proof. Challenge phase (Challenge): Community nodes verify transactions and review security.

2. Utilize the computing power provided by zero-knowledge proof (ZKP) and BitVM

Goldinals ensures the privacy and authenticity of asset operations by introducing zero-knowledge proof technology (ZKP), and uses BitVM to solve the problem of limited computing power of the Bitcoin chain.

3. Advantages of decentralized verification mechanism

Compared with traditional off-chain verification methods, Goldinals' decentralized verification mechanism is more secure and transparent, and can effectively resist malicious attacks and data tampering.

1. Trust minimization Get rid of the centralized indexer, and all operations are completed on the chain to ensure that users do not need to rely on third parties.

2. Inherit the security of Bitcoin

Goldinals uses the finality and data availability of the Bitcoin network to provide the highest level of security for asset operations.

1. Native programmability supports advanced functions such as multi-signature wallets, complex conditional transfers, and token gating, which significantly expands the application scenarios of the Bitcoin chain.

2. Efficiency and Scalability

By optimizing the transaction process and technical architecture, Goldinals has improved operational efficiency and reduced transaction costs for users.

1. Nubit Team's Vision

Nubit is committed to building Bitcoin into a "trustless world computer" and promoting the comprehensive development of decentralized applications.

2. Core Partners and Ecosystem Layout

Cooperated Institutions and Platforms: Goldinals has established cooperation with Babylon, Lombard, Yala, StarkWare and other institutions to promote the application of the protocol in different fields. Future application scenarios: including decentralized finance (DeFi), cross-chain bridges, stablecoin issuance, liquidity pledge, etc.

3. Community Participation Methods

Users can participate in protocol testing through the Goldinals official website, experience its innovative functions and contribute to the development of the protocol.

1. Revolutionary changes brought about by the unification of Bitcoin asset protocols

Goldinals' unified standards will significantly improve the asset management efficiency of the Bitcoin chain and attract more developers and users to the Bitcoin ecosystem.

1. Open up the possibility of new application scenarios Customized asset issuance:

Meet the needs of enterprises and individuals for customized assets. Stable currency system construction: Provide more reliable solutions for global payments and value storage. Decentralized asset management and liquidity pledge: Improve asset liquidity and user participation.

1. Goldinals helps Bitcoin occupy more key roles in the global economy

By improving the functionality and efficiency of asset protocols, Goldinals will help Bitcoin assume a more important role in the global economy and promote it to become a true "digital gold".

As a revolutionary innovation, Goldinals not only makes up for the technical shortcomings of the Bitcoin asset protocol, but also provides a solid foundation for the future development of the Bitcoin ecosystem.