BRC-100 is an extensible decentralized computing protocol based on Ordinals Theory
Date: Sept. 2 2023
Creator: Mikael.btc
Email: mikael@brc100.org
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-103
Mikael.btc
A Relay Protocol among Bitcoin, BRC-20 and BRC-100
Ongoing
BRC-102
Mikael.btc
An Automated Liquidity Protocol
Ongoing
BRC-101
Mikael.btc
A Decentralized On-Chain Governance Protocol for BRC-100 Protocol Stack
Released
Sep. 16 2023
BRC-100
Mikael.btc
An Extensible Decentralized Computing Protocol based on Ordinals Theory
Released
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.
https://domo-2.gitbook.io/brc-20-experiment/
https://domo-2.gitbook.io/brc-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.