Enabling smart contracts for BRC-20 & Runes. Phase 1: BRC-20 + OCF = BRC-20A Phase 2: Runes + OCF = Runes VM https://xitter.cf/t.co/JyNUNFYsfy
Joined March 2024
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Compos Protocol retweeted
Introducing $CPOS to Runes Converter 🔀
Holders can now convert $CPOS to CPOS•RUNES•VIRTUAL•MACHINE on the site:
compos.io/converter
Here's how 🧵
Compos Protocol retweeted
⚡️ THE CURRENT ULTIMATE RUNES TOP TIER LIST ⚡️
Once again, I've spent my valuable time creating the most detailed and researched Top RUNES Tier-List.
If you @ me to complain about bias, you might as well send me your location so I can share my opinion face-to-face.
Either way, we're early. Don't let the fear, uncertainty, and doubt prevail.
Compos Protocol retweeted
Is Bitcoin Ready for Smart Contracts?
This is the argument I had with my friends then we decided dig and find out.
Luckily, we found @composprotocol enabling smart contract for BRC 20 and Runes.
Here’s how they plan to make it possible
————-
Why Compose protocol?
Compose Protocol is a unique smart contract layer designed specifically for the Bitcoin blockchain.
It introduces several groundbreaking features while maintaining compatibility and stability.
Let’s dive into the details:
— Combining Asset and Logic Inscriptions:
Compos enhances existing Bitcoin Layer 1 protocols (such as BRC-20, Runes, and Ordinals) by combining asset inscriptions with logic inscriptions.
Asset inscriptions handle basic token transfers, while logic inscriptions introduce programmable logic.
This separation ensures that security-critical logic remains isolated from asset management.
What’s next?
—-Their Two-Way Conversion Mechanism:
Compos ensures compatibility with existing Bitcoin token protocols.
You can seamlessly convert between BRC-20A (Compos Protocol tokens) and original BRC-20 tokens.
This flexibility allows you to enjoy innovative features while retaining the robustness of established protocols.
—- Moreover they have their first token standard which is :
BRC-20A, built on the compose protocol to widen the potential for BRC-20 tokens.
Holders and developers benefit from new features introduced by Ordinals while maintaining stability and security.
Developers must deploy a BRC-20 token before minting the corresponding BRC-20A token with the same name.
This requirement ensures support for users converting between BRC-20A and BRC-20 tokens.
— One of the nicest feature I love about $CPOS it reduction of gas fee.
But how?
Efficient Token Inscription
Compos supports efficient token inscription by allowing multiple BRC-20A inscriptions on a single UTXO (transaction output).
Fewer transactions mean lower costs and a smaller blockchain footprint.
Users can save over 50% of fees using separate-outputs mode and even more than 90% using same-sats mode compared to CBRC-20.
—- Lastly, On-Chain-Function (OCF) and CVM
OCF plays a pivotal role in augmenting asset inscriptions.
It operates within the Compos Virtual Machine (CVM), implemented using WebAssembly (WASM) on Bitcoin.
OCF enhances existing BRC-20 and Runes assets by infusing them with on-chain logic.
Potential OCF applications include Bitcoin-native DeFi, games, social apps, and ERC404-like protocols.
— Phases of Compos Protocol:
1. Phase 1: Supports BRC-20 tokens combined with OCF. BRC-20A tokens are created by combining BRC-20 asset inscriptions with OCF logic inscriptions.
2. Phase 2: Will support Ordinals NFTcombined with OCF.
3. Phase 3: Aims to integrate Runes with OCF.
@composprotocol Rune conversion is live
Holders can now convert $CPOS to CPOS•RUNES•VIRTUAL•MACHINE on the site:
Links 👉compos.io/converter
My final thoughts
The Compos Protocol is combining the innovation, compatibility, and security, making a way for a more engaging and efficient blockchain ecosystem. What they’re building is special so follow them closely.
Last task: follow @composprotocol and put their notifications on.
Compos Protocol retweeted
I found an amazing protocol for BRC-20 and Runes integration! 👀
Let's examine @composprotocol in detail 👇🏼🧵
What is @composprotocol ?
Compos Protocol enhances existing Bitcoin Layer 1 protocols like BRC-20, Runes, and Ordinals by combining an asset inscription (e.g., BRC-20) with a logic inscription. This combination introduces powerful features to the original asset protocols, leveraging the capabilities of both layers.
Let's look at the purpose of this protocol:
CPOS•RUNES•VIRTUAL•MACHINE is available for trading on major runes marketplaces. Using the official conversion tool released on 27 April, holders can now convert the previously minted $CPOS (minted via a gamified fair launch @CosmicSurvivors) to CPOS Runes.
Upcoming products include
(1) BRC-20 <-> Runes two-way converter / bridge
(2) Runes Virtual Machine
@composprotocol enhances existing Bitcoin Layer 1 protocols like BRC-20, Runes, and Ordinals by combining an asset inscription (e.g., BRC-20) with a logic function, unlocking features like native X-To-Earn on the Bitcoin blockchain.
Compos Protocol has introduced a novel category of logic functions named OCF (OnChain Function), which is integral in augmenting asset inscriptions like BRC-20, Runes, and Ordinals NFT. To some extent, OCF is decentralized and on-chain and cannot be arbitrarily modified by project developers.
Potential OCF applications include:
- Bitcoin Native DeFi: Swap, Lending, etc.
- Bitcoin Native Games
- Bitcoin Native Social Apps
- ERC404-like protocols natively on Bitcoin
More technical information on docs.compos.io/
More:
For instance, combining BRC-20 asset inscriptions with OCF logic inscriptions within the Compos Protocol framework unlocks features like native X-To-Earn on the Bitcoin blockchain. This integration enables the creation of tokens with embedded logic, allowing for conditional fair launches where users must perform actions (X) to inscribe the token. This new method of distributing tokens, which requires user engagement or participation (such as playing or socializing), exemplifies the concept of X-To-Inscribe.
The role of OCF (On-Chain-Function) is a crucial part of the Compos Protocol to achieve native X-To-Earn capabilities on the Bitcoin network, in which you can write smart contracts using Rust and deploy to CVM, a virtual machine we implemented using WASM on Bitcoin.
Compos Protocol can integrate different protocols with logic inscriptions in the BTC ecosystem. With our initial rollout, Phase 1 will support BRC-20. Further down the road, Phase 2 will support Ordinals NFT.
Phase 1: BRC-20 + OCF = BRC-20A
Phase 2: Ordinals NFT + OCF
Phase 3: Runes + OCF
Here's an example of a BRC-20A inscription:
Compos Inscription has the following components:
Part 1 refers to a BRC-20A deploy inscription that defines a raffle function.
Part 2 refers to a BRC-20 inscription of minting ticker abcd with an amount of 1000.
Part 3 refers to an OCF inscription that calls the function raffle and passes params of ["a"].
The whole Compos inscription is valid if the called function returns true, and therefore, minting the abcd token requires calling raffle with the proper params.
#partner #partnership #NFA #DYOR
Compos Protocol retweeted
GM Survivors!
The brave souls who have launched and landed their spaceships successfully have already bagged their $CPOS loot.
Here’s what is next on the flight schedule of Cosmic Survivors:
A conversion tool to turn your $CPOS into runes so that it can be more easily traded. The devs over at @composprotocol are hard at work on this and will be sharing more details with all of us in the coming week.
Sit tight and prepare to embark on our next journey into the newly discovered Runes galaxy…
Compos Protocol retweeted
Compos 协议即将上线，看了一下午总算是明白了点
@composprotocol
一句话总结compos：通过compos协议给铭文和符文附上智能合约
该协议作为 BTC 主网的智能合约层，在保留安全稳定性的前提下，为支持Runes、BRC-20 协议，在 BTC 主网实现 X-To-Earn 以及其他创新dapp
明天就会上线协议和x-to-earn的产品；协议上线将会分三个阶段；目前处于第一阶段
第一阶段：BRC-20 + OCF = BRC-20A
第 二阶段：Ordinals NFT + OCF
第三阶段：符文+OCF
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关键概念：OCF
协议引入OCF（OnChain Function）新型逻辑铭文：
ocf在 CVM 中运行，CVM 是使用 WASM 实现的虚拟机
通过OCF + BRC-20 & Runes 资产，从而在比特币上启用智能合约。OCF是去中心化的、链上的，项目开发者无法随意修改的。
从而实现，比特币原生的defi，games，social ,图币等
此外，compos具有双向转换机制：
确保与 BRC-20、Runes 和 Ordinals NFT 等现有比特币代币协议 100% 兼容。
用户可以随时执行任意次数的转换。当将 BRC-20A 代币转换为 BRC-20 代币时，协议会将相应的 BRC-20A 代币转移到锁定地址，反之亦然
目前是BRC-20、Runes、Ordinals 支持逐步上线。尤其是 Runes 的支持，Runes 正式激活后，用 Compos 可以结合 Runes 的；非常值得大家关注。
@composprotocol
Compos Protocol retweeted
🤝《Mark：4月17日北京时间早上八点发射》
Compos 协议 @composprotocol 作为 BTC 主网的智能合约层，在保留安全稳定性的前提下，为 Runes、BRC-20提供逻辑支持，从而在 BTC 主网实现 X-To-Earn等创新应用。
另一个最大亮点就是即将上线的BRC-20A 支持所有 BRC-20 铭文，开发者和用户可以自由转换 BRC-20A / BRC-20 / Runes。同时能够继续使用现有的 BRC-20 / Runes 基础设施。协议具体信息参阅官方文 docs.compos.io/。
兑换可以随时进行任意次数，当你将 BRC-20A 铭文兑换成 BRC-20 铭文或者 Runes 符文时，对应的 BRC-20A 铭文会被转移到锁定地址，反之亦然。兑换成 BRC-20 铭文之后，用户可以无缝地享受 BRC-20 的各种基础设施。
最后提一下协议的规划：BRC-20、Runes、Ordinals 支持逐步上线。尤其是 Runes 的支持，Runes 正式激活后，用 Compos 可以结合 Runes。
白皮书：docs.compos.io/
Compos Protocol retweeted
🎉财富密码来啦～
BTC二层是大家认为的最直接的解决BTC生态问题的首选，但是今天介绍的这位Compos 协议 @composprotocol 是建立在BTC 主网智能合约层的代币标准协议，可以实现 X-To-Earn 以及其他创新应用。
他们开发的BRC-20A是第一个使用 Compos 协议的代币标准，这里要提一下大家熟悉的BRC-20代币标准：
BRC-20 标准不能使用像 EVM 区块链上流行的代币标准那样的智能合约，只能在比特币上存储脚本文件。如下图将 JSON 数据嵌入到序号铭文中，使用户能够部署、铸造和转移代币。此外，为了确定钱包的 BRC-20 余额，必须运行或信任一个正在运行解释铭文的规则集的链下索引器。（比特币区块链有意限制可编程性）这导致交易确认的速度过慢，交易体验不佳，且比特币的交易成本太高，开发拓展性差等问题！
#Compos 解决这一问题的办法是提出 BRC20A代币标准：BRC-20 + OCF ，也可以叫它逻辑铭文，是通过保留BRC20协议优势，同时在比特币链下索引器执行智能合约的方式实现的，也就是说左图中BRC20协议”Max” 和”Lim” 是链下索引器计算的，BRC20A保留了这一功能，同时右图OCF函数自定义“func”就可以通过向所有现有的 BRC-20 和 Runes 资产注入链上逻辑来增强它们，从而在比特币上启用和ERC20协议一样的智能合约！“func”仅使用一行代码就能在比特币上创建一个简单的彩票游戏或者X-2-Earn应用啦！
OCF 可以实现的东西包括：
1.Bitcoin Native DeFi: Swap, Lending
2.Bitcoin Native Games
3.Bitcoin Native Social Apps
4.Bitcoin 图币互换
更值得强调的是 ：链下索引器里面是可以嵌入EVM虚拟机的，让整个OCF函数在 “CVM” 中运行，CVM 是使用 WASM 实现的虚拟机。
协议另外一个核心：双向兑换机制:
1.除了智能合约的特性，打 BRC-20A 铭文的 gas 比 BRC-20 最多低90% 以上。
2.持有 BRC-20A 铭文的用户如果只倾向于持有资产，不打算进行任何链上交互，则可以选择兑换成 BRC-20 铭文（甚至 Runes 符文），BRC-20 协议目前是更加稳定和安全的。兑换可以随时进行任意次数，当你将 BRC-20A 铭文兑换成 BRC-20 铭文或者 Runes 符文时，对应的 BRC-20A 铭文会被转移到锁定地址，反之亦然。兑换成 BRC-20 铭文之后，用户可以无缝地享受 BRC-20 的各种基础设施。
⚠️明天开冲！
BRC20A协议本周上线，很快会支持 Rune，并上线协议和x-to-earn的产品，大家关注起来~ 非常实用！也适合大家投资，具体如何Mint这个项目，明日关注 @composprotocol 官方的上线公告吧！
Compos Protocol retweeted
距离 Compos 协议上线不足 24 小时，社区对于项目的讨论度也在攀升。
@composprotocol
过去一年比特币资产发行协议热度高企，而围绕该赛道的创新也层出不穷，Compos 协议便是其中一员：作为比特币主网的智能合约层，Compos 致力于继承比特币安全稳定的前提下，将资产铭文与逻辑铭文结合，解锁比特币原生的 X-To-Earn 功能以及其他更丰富的创新应用。
因此今天就跟大家聊聊 Compos 这个项目，走进该项目的核心叙事、运作逻辑以及亮点创新。
首先我们来看一下 Compos 的核心逻辑，即将资产铭文与逻辑铭文结合：
我们知道，资产铭文通常用于标识和管理具体的数字资产，而逻辑铭文通常用于实现智能合约的功能，Compos 通过将二者结合带来的直观变化是为比特币生态原始资产协议引入了强大的功能
也就是说 Compos 将创建「具有嵌入逻辑的代币」成为可能，这相当于赋予了资产铭文大脑：一方面让资产铭文在具体应用层面有了更大想象空间，比如比特币原生 DeFi、GameFi 以及 Social Apps 等；
另一方面站在资产分发的角度，用户必须通过执行一些操作来获取代币，这种全新的代币分发方式不仅更加体现了公平，也为比特币生态引入原生的 X-To-Earn 功能
那么 Compos 如何实现资产铭文与逻辑铭文的结合？答案是 OCF（OnChain Function）：这是 Compos 提出的一种新型逻辑铭文，可以为目前所有的 BRC-20、Runes、Ordinals 资产注入链上逻辑并在比特币上启用智能合约。值得一提的是，OCF Function 部分选择 Rust 作为其基本语法，这门极其强大的语言也让社区对于未来更多高阶玩法抱有期待，虽然目前处于安全和效率考量，项目方屏蔽了诸多高级语法，但相信未来随着项目的深入发展将会进一步解锁。另外，OCF 运行在 CVM（使用 WASM 实现的虚拟机）中，CVM 实现了很多系统函数，以便部署者访问 Bitcoin Blockchain 的数据，且从某种程度上来说是去中心化的，项目开发者无法随意修改，这也增添了更多公开透明性。
在继承比特币主网安全性、稳定性以及其他基础设施支持方面，Compos 采取了「双向兑换机制」设计：该机制与 BRC-20、Runes 和 Ordinals NFT 等协议 100% 兼容，用户可以根据自身需求随时进行不限次数的兑换，让我们以 Compos 公开文档中描述的 BRC-20A 为例，BRC-20A 是第一个使用 Compos 协议的代币标准，除了智能合约的特性，由于支持 Jubilee 升级和批量 Inscribe，BRC-20A 铭文的 Gas 成本将比 BRC-20 低 90%。
若用户仅希望持有资产而不打算进行任何链上交互，则可以选择将 BRC-20A 铭文兑换成 BRC-20 铭文（甚至 Runes 符文），兑换时 BRC-20A 铭文会被转移到锁定地址（反之亦然），这种双向兑换机制为不同需求的用户提供了极大便利。BRC-20 协议目前是更加稳定和安全的，用户可以无缝地享受 BRC-20 的各种基础设施。
目前该项目发展分为三个阶段：目前项目处于 第一阶段，也就是「BRC-20 + OCF = BRC-20A」阶段，即将在未来 24 小时内上线；其次是「Ordinals NFT + OCF」阶段，即支持 Ordinals 协议的更多功能，例如元数据、元协议等；然后是「Runes + OCF」阶段，这是项目对于目前比特币生态主流协议 100% 兼容有计划的践行，也确实为比特币铭文叙事引入了更多玩法，尤其是对于 Runes 的支持，Runes 正式激活后，Compos 可以结合 Runes 的资产实现各种有趣的 Runes 应用，比如游戏，社交等等。
总而言之，在比特币生态以及铭文赛道的热度加持之下，Compos 还叠加了为资产铭文引入逻辑铭文从而解锁更丰富应用场景这样抓人眼球的叙事逻辑，另外基于项目在「比特币原生的 X-To-Earn」这个方向的宣传笔墨，猜测一下项目应该也会上线一些鼓励参与的低门槛收益举措，我觉得这个项目还是可以保持一下关注。
目前 Compos 协议进入上线倒计时阶段，届时 BRC-20A 将支持所有 BRC-20 铭文，开发者和用户可以自由转换 BRC-20A / BRC-20 / Runes，同时能够继续享有现有 BRC-20 / Runes 的系列基础设施，感兴趣的用户可以体验一下。
以上就是本期内容，欢迎各位留言探讨交流。