2024-01-31T12:09:17Z https://yabu.me Grittoshi https://yabu.me/npub1dph0824pv9c0xpw7khks3jk668hgukglkyrl4pfpd4fvx03pr5mqzaesjn https://i.imgur.com/jbF8gia.jpg https://i.imgur.com/jbF8gia.jpg https://yabu.me/nevent1qqs05ljma79l3yz0ez35z5yla7whqpz29aw5gtg65vnpxud3x69f9hczyp5xaua259shpuc9m6676zx2mtg7arjer7cs0759y9k49se7yywnvu60we2 1/ Since designing daily new protocols to issue assets on the top of #Bitcoin  seems to be the new fad, I hereby propose mine: the MLC-20 standard 😎<br/>A JSON file in the op_return on the Bitcoin main chain with a link to a Liquid Network asset.<br/><br/>2/ No more bogus UTXO on the mainchain thanks to the op_return and its only 2 operations available: “issue” and “burn” with sole purpose to keep track on the timechain of the assets issuance and supply changes<br/>This is now possible thanks to Taproot who broke the 80 bytes limit<br/><br/>3/ The asset lives on the Liquid Network and therefore uses its fast and confidential transactions. It can even be exchanged through PEST (equivalent to Partially Signed Bitcoin Transaction)<br/><br/><a href="https://blockstream.info/liquid/asset/950eb97d7c8d2dad20cd879e13ac0b4a85cc2759c916945b5587b3cde2549b0d">https://blockstream.info/liquid/asset/950eb97d7c8d2dad20cd879e13ac0b4a85cc2759c916945b5587b3cde2549b0d</a><br/><br/>4/ Assets Informations are accessible to any Bitcoin node, easily readable and usable by any compatible indexer (available soonTM 😂 ). For the rest the asset lives on the Liquid Network.<br/><br/>The on chain transaction looks as below (see details)<br/><br/><a href="https://mempool.space/tx/dc4b319a83ed3a3754bcd70f9063defd7a7792bfd1a76195ff43ea9987848a7e">https://mempool.space/tx/dc4b319a83ed3a3754bcd70f9063defd7a7792bfd1a76195ff43ea9987848a7e</a><br/><br/>5/ The JSON file is kinda classic except for the “chn” that points to the the Liquid Network and the “id” that refers to the asset it on it.<br/><br/>In short I made a redundant step on chain for an asset off chain… and I added 20 coz everyone is doing so.<br/><br/>6/ Haters will say it is just a troll 😎<br/>Moulers know better... 2024-01-31T11:47:04Z