#Nubit Releases Bitcoin Unified Asset Protocol#

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Overview

The Nubit team has released a unified Bitcoin asset protocol called "Goldinals," aiming to address the lack of interoperability between existing Bitcoin asset protocols (such as BRC-20, Runes, Ordinals, etc.), which leads to fragmented liquidity and security risks. Goldinals provides a unified Bitcoin asset standard, offering backward compatibility with existing protocols while supporting more efficient asset creation, management, and interaction functionalities. It is considered a significant step towards the Bitcoin ecosystem's advancement into the asset programming domain (BitVM). The concept of Goldinals was proposed by Domo, the founder of the first token ($ORDI) on the Ordinals protocol and BRC20, and technically implemented by the Nubit team.

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Analysis

Nubit has released a unified Bitcoin asset protocol called "Goldinals," aiming to address the lack of interoperability among existing Bitcoin asset protocols (such as BRC-20, Runes, Ordinals, etc.), which leads to fragmented liquidity and security risks. Goldinals was proposed by Domo, the founder of BRC20 and the first token of the Ordinals protocol ($ORDI), and implemented by the Nubit team. The protocol provides a unified Bitcoin asset standard, backward compatible with existing protocols, and supports more efficient asset creation, management, and interaction functions. The launch of Goldinals is considered a significant step towards asset programming (BitVM) in the Bitcoin ecosystem, promising a new landscape for the Bitcoin ecosystem, but its specific effects remain to be observed.

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Goldinals protocol aims to introduce trustless asset management and programmability to the Bitcoin ecosystem.

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Goldinals protocol addresses the lack of interoperability between existing Bitcoin asset protocols (such as BRC-20, Runes, Ordinals, etc.), leading to fragmented liquidity and security risks.

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Goldinals provides a unified Bitcoin asset standard, ensuring backward compatibility with existing protocols while supporting more efficient asset creation, management, and interaction features.

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Goldinals is a significant step towards Bitcoin's evolution into the realm of asset programmability (BitVM).

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