BRC-2.0: Can Bitcoin’s Smart-Token Standard Recapture the Magic of the 2023 Inscription Boom?
The Upgrade That Went Live at Block 912,690 On 2 September 2025, at Bitcoin block height 912,690, the BRC20 stack received its biggest overhaul since launch. Dubbed BRC-2.0, the release—co-authored by original designer Domo and the Ordinals team Best in Slot—drops a fully functioning Ethereum Virtual Machine (EVM) inside the BRC20 indexer. The move turns Bitcoin into a Turing-complete settlement layer, promising DeFi, NFT markets, borrow-lend and synthetic-asset apps without leaving the BTC s...
Burn vs. Redistribution in Crypto: Which Mechanism is Better?
Core Topic: Exploring the applicable scenarios for burn and redistribution mechanisms in cryptocurrency, emphasizing that redistribution is superior when economic value impacts system security. Key Definitions: * Slashing: The act of reclaiming assets from malicious actors. * Burn vs. Redistribution: Methods for handling the reclaimed assets. Burning reduces the total supply, while redistribution transfers the value to other parties. The Advantages of Redistribution: * Enhances economic secur...
Coinbase Invests in WCT, Secures $45.75M Funding, Set to Launch on OK Exchange—Is a 100x King in the…
Community Launch of WCT In the cryptocurrency realm, every significant funding round and project launch can create waves in the market. Recently, a major announcement has captured the attention of the crypto community: WalletConnect (WCT), backed by Coinbase, has successfully raised $45.75 million and is set to make its debut on OK Exchange. This news has sent ripples through the market, leading many investors to wonder if a 100x king is truly on the horizon. Specific Launch Times:WCT Deposit...
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BRC-2.0: Can Bitcoin’s Smart-Token Standard Recapture the Magic of the 2023 Inscription Boom?
The Upgrade That Went Live at Block 912,690 On 2 September 2025, at Bitcoin block height 912,690, the BRC20 stack received its biggest overhaul since launch. Dubbed BRC-2.0, the release—co-authored by original designer Domo and the Ordinals team Best in Slot—drops a fully functioning Ethereum Virtual Machine (EVM) inside the BRC20 indexer. The move turns Bitcoin into a Turing-complete settlement layer, promising DeFi, NFT markets, borrow-lend and synthetic-asset apps without leaving the BTC s...
Burn vs. Redistribution in Crypto: Which Mechanism is Better?
Core Topic: Exploring the applicable scenarios for burn and redistribution mechanisms in cryptocurrency, emphasizing that redistribution is superior when economic value impacts system security. Key Definitions: * Slashing: The act of reclaiming assets from malicious actors. * Burn vs. Redistribution: Methods for handling the reclaimed assets. Burning reduces the total supply, while redistribution transfers the value to other parties. The Advantages of Redistribution: * Enhances economic secur...
Coinbase Invests in WCT, Secures $45.75M Funding, Set to Launch on OK Exchange—Is a 100x King in the…
Community Launch of WCT In the cryptocurrency realm, every significant funding round and project launch can create waves in the market. Recently, a major announcement has captured the attention of the crypto community: WalletConnect (WCT), backed by Coinbase, has successfully raised $45.75 million and is set to make its debut on OK Exchange. This news has sent ripples through the market, leading many investors to wonder if a 100x king is truly on the horizon. Specific Launch Times:WCT Deposit...
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Today, the decentralized storage protocol Walrus Protocol announced that its mainnet will launch in March 2025. Active Walrus members and early contributors have already received Walrus Airdrop NFTs, which can be viewed through the latest version of Sui Wallet or the Sui browser. These NFTs can be claimed when the Walrus mainnet goes live.
Walrus is a decentralized storage and data availability protocol designed for the decentralized storage of raw data and media files. It ensures secure and accessible data transmission. Focusing on providing robust and cost-effective solutions, Walrus stores unstructured content on decentralized storage nodes while maintaining high availability and reliability, even in the presence of Byzantine faults.
Walrus is not only suitable for individual users' data storage needs but also supports various decentralized applications (dApps). The protocol leverages Sui as a coordination layer, making it a fully programmable data platform with notable advantages in scalability and security. Both the Sui network and DeepBook have garnered significant support for Walrus, which differentiates it from existing storage models, especially Filecoin and Arweave.
Decentralized storage protocols typically fall into two categories: fully replicated systems like Filecoin and Arweave, and decentralized storage services using Reed-Solomon (RS) encoding. Walrus introduces RedStuff, which offers several key advantages:
Storage Cost Efficiency:
Walrus uses RedStuff, demonstrating lower costs and 100x higher efficiency compared to Arweave and Filecoin. Unlike Arweave, which requires full data replication across all nodes, Walrus only needs a single network data transfer, with each node storing partial data. This structural difference significantly reduces the burden on individual nodes as the network grows.
Programmability:
Traditional storage is merely a data repository, while Walrus enables programmable decentralized storage through the Sui network. For example, data stored in Walrus can be programmatically linked to NFTs on the Sui network, solving the "incompleteness" issue of traditional NFTs. Additionally, Walrus's blob data can be controlled via Sui's Move smart contracts, allowing for dynamic data management.
Data Access and Deletion:
Unlike traditional storage protocols where data cannot be deleted once uploaded, Walrus allows users to modify or delete their data as needed. This feature enhances Walrus's practicality for traditional enterprises and Web2 companies, increasing market demand for its diverse applications.
Behind Solana is Solana Labs, behind Aptos is Aptos Labs, and behind Sui is Mysten Labs. Walrus is categorized by Mysten Labs as a decentralized storage network protocol, with the English name "Walrus":
Evan Cheng: Co-founder and CEO of Sui/Mysten Labs, former Director of Research and Development at Novi Financial.
Adeniyi Abiodun: Co-founder of Sui/Mysten Labs, who led several R&D initiatives, including the Diem (formerly Libra) network and the Move programming language.
As the Sui ecosystem evolves, Walrus is set to officially launch its mainnet in 2025. Users who receive the Walrus Airdrop NFT can claim their rewards when the mainnet goes live. Detailed information about the launch will be announced soon.
With the development of the Sui ecosystem, Walrus is poised to become a core component. Mysten Labs has been continuously optimizing Walrus's testnet to ensure stable service at launch. As a decentralized storage solution, Walrus not only addresses the limitations of traditional storage but also brings new possibilities to the Web3 ecosystem. It is likely to become a significant player in the decentralized storage space.
Today, the decentralized storage protocol Walrus Protocol announced that its mainnet will launch in March 2025. Active Walrus members and early contributors have already received Walrus Airdrop NFTs, which can be viewed through the latest version of Sui Wallet or the Sui browser. These NFTs can be claimed when the Walrus mainnet goes live.
Walrus is a decentralized storage and data availability protocol designed for the decentralized storage of raw data and media files. It ensures secure and accessible data transmission. Focusing on providing robust and cost-effective solutions, Walrus stores unstructured content on decentralized storage nodes while maintaining high availability and reliability, even in the presence of Byzantine faults.
Walrus is not only suitable for individual users' data storage needs but also supports various decentralized applications (dApps). The protocol leverages Sui as a coordination layer, making it a fully programmable data platform with notable advantages in scalability and security. Both the Sui network and DeepBook have garnered significant support for Walrus, which differentiates it from existing storage models, especially Filecoin and Arweave.
Decentralized storage protocols typically fall into two categories: fully replicated systems like Filecoin and Arweave, and decentralized storage services using Reed-Solomon (RS) encoding. Walrus introduces RedStuff, which offers several key advantages:
Storage Cost Efficiency:
Walrus uses RedStuff, demonstrating lower costs and 100x higher efficiency compared to Arweave and Filecoin. Unlike Arweave, which requires full data replication across all nodes, Walrus only needs a single network data transfer, with each node storing partial data. This structural difference significantly reduces the burden on individual nodes as the network grows.
Programmability:
Traditional storage is merely a data repository, while Walrus enables programmable decentralized storage through the Sui network. For example, data stored in Walrus can be programmatically linked to NFTs on the Sui network, solving the "incompleteness" issue of traditional NFTs. Additionally, Walrus's blob data can be controlled via Sui's Move smart contracts, allowing for dynamic data management.
Data Access and Deletion:
Unlike traditional storage protocols where data cannot be deleted once uploaded, Walrus allows users to modify or delete their data as needed. This feature enhances Walrus's practicality for traditional enterprises and Web2 companies, increasing market demand for its diverse applications.
Behind Solana is Solana Labs, behind Aptos is Aptos Labs, and behind Sui is Mysten Labs. Walrus is categorized by Mysten Labs as a decentralized storage network protocol, with the English name "Walrus":
Evan Cheng: Co-founder and CEO of Sui/Mysten Labs, former Director of Research and Development at Novi Financial.
Adeniyi Abiodun: Co-founder of Sui/Mysten Labs, who led several R&D initiatives, including the Diem (formerly Libra) network and the Move programming language.
As the Sui ecosystem evolves, Walrus is set to officially launch its mainnet in 2025. Users who receive the Walrus Airdrop NFT can claim their rewards when the mainnet goes live. Detailed information about the launch will be announced soon.
With the development of the Sui ecosystem, Walrus is poised to become a core component. Mysten Labs has been continuously optimizing Walrus's testnet to ensure stable service at launch. As a decentralized storage solution, Walrus not only addresses the limitations of traditional storage but also brings new possibilities to the Web3 ecosystem. It is likely to become a significant player in the decentralized storage space.
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