Source: Biteye

The BTC ecosystem is now widely known to be very popular. So besides BRC20, what other opportunities are worth paying attention to? Why is $Trick, which is currently being airdropped for free, now worth thousands of dollars? In this issue, Biteye will focus on Nostr Asset in the Lightning Network and bring you a participation tutorial.

- What is Tarpoort Asset

- What is Nostr Asset Protocol

- The first token is Treat & Trick

- Fair Mint Participation in Preparation

What is Tarpoort Asset

1. Taproot Asset Protocol is an asset issuance protocol that does not store asset data in the witness field of transaction inputs (in the Ordinal way), but instead stores the data in the script path of UTXO.

Through this method, BTC's block space can be used more effectively, without pushing up the Bitcoin network fee rate, and allowing traders to avoid high transaction fees.

2. The design philosophy of the Taproot Assets protocol is to move operations off-chain as much as possible, while allowing for the issuance and transfer of an unlimited number of assets in a single chain transaction. However, Taproot Asset requires a Universe to store and verify metadata.

Note: Universe refers to a collection of servers containing specific asset historical data and validation information.

3. These servers act as asset issuers and store data related to asset issuance, trading, and validation, allowing users to download and verify. Developers can use the Universes API to build tools such as Taproot Assets block explorers.

Unlike writing data to the blockchain with Ordinals, the specific data of assets issued through Taproot Asset is stored locally or in the Universe.

4. Bitcoin Lightning Network development team Lightning Labs officially launched the Taproot Asset first mainnet version on October 19, 2023.

Lightning Labs' vision is for developers to be able to issue and manage assets on the BTC chain using the Lightning Network. (Lightning Labs has been dedicated to developing the Lightning Network to address the issue of slow Bitcoin throughput. The Lightning Network is a layer-two solution on BTC.)

What is Nostr Asset Protocol

5. NostrAssets is an open-source decentralized protocol aimed at seamlessly integrating Taproot Assets and Bitcoin into the Nostr ecosystem. It should be noted that Nostr and Nostr Asset Protocol are two different concepts.

6. Nostr is a decentralized social network messaging protocol that provides a permissionless and trustless relay network. Users interact with Relay through the client to complete functions such as information publishing and subscription. Jack Dorsey, former CEO of Twitter, is a strong supporter of Nostr and has provided funding for the project.

7. The Nostr Asset Protocol controls (custodies) wallets through the use of Nostr messages, helping users to better perform basic functions such as transfers/trades, built on top of Nostr technology, but is a completely different protocol from Nostr.

Details can be found at: https://twitter.com/AurtrianAjian/status/1723919714798178505

Currently, the functions of NostrAssets are as follows:

1) Users can import Taproot Assets from other Daemon Universes (such as Lightning Lab Universe) and send and receive them at the Nostr protocol layer, while the settlement and security of assets still rely on the Lightning Network.

2) Trade Taproot Assets on the Marketplace.

3) Recently, assets will be issued and the Fair Mint function of Taproot Assets will be launched.

Please note:

- On November 8th, the official account of Nostr Assets Protocol replied to a Chinese comment under a tweet. Currently, some users have doubts about the true identity and reliability of the project party.

- Meanwhile, due to the current popularity of the BTC ecosystem, there have been a large number of asset recharge users since the launch of Nostr on October 30th. Currently, the official has suspended asset recharge and is expected to reopen soon.

The first token Treat & Trick

On October 30th, Nostr Assets airdropped its first token, TRICK&TREAT, to users who participated in the early missions on its platform. Currently, it has risen to around $1000.

-Total supply: 2.1 billion each, totaling 4.2 billion.

-Airdrop total amount: approximately 80 million coins, accounting for about 20%

https://mainnet.nostrassets.com/#/account

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