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About BIBIBI Daily Digest Privacy & Account Security

For information and learning only. Not investment advice. Crypto assets involve risk.

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Glossary

Terms10 shown

BRC-20An experimental standard for minting and transferring fungible tokens on the Bitcoin blockchain using the Ordinals protocol.
BRC-20 tokenAn experimental token standard for minting and transferring fungible tokens using the Bitcoin Ordinals protocol.
EthereumPOAP The blockchain used for the initial minting and issuance.
OrdinalA non-fungible token-like entity that can be minted directly on the Bitcoin blockchain.
cross-chain bridgesA cross-chain system that locks funds on one network and mints representations of the corresponding assets on another network.
Traditional NFTTokens typically minted on smart contract-enabled blockchains to represent digital items and potentially link to off-chain metadata.
Closed mintingNew tokens can be minted only when predetermined conditions are met; minting ends once the conditions are satisfied or the specified period expires.
Open mintingA method by which anyone can generate new runes by creating a mint transaction after etching is complete.
MintingAfter the custodian confirms receipt and reserves BTC then generates an equivalent amount of WBTC on the target blockchain.
Ordinal theoryA method of identifying each satoshi by its serial number and tracking its transaction lifecycle from its first minting.

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Definition

Open minting

A method by which anyone can generate new runes by creating a mint transaction after etching is complete.

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