âŠī¸Drc-20 : Introduction
Last updated
Last updated
In the ever-evolving world of cryptocurrencies, we've witnessed some exciting trends over the years. In 2008, Bitcoin marked the birth of cryptocurrencies, heralding a new era of digital finance. The following years saw the introduction of diverse digital currencies, including the fun and friendly Dogecoin in 2013.
Fast forward to 2017, the digital universe experienced another revolution - the advent of Non-Fungible Tokens (NFTs). These unique digital assets transformed the art world and beyond, carving out a niche for digital ownership and provenance.
In 2023, we've embarked on the next exciting chapter of this digital saga - the dawn of Shibescriptions! Inspired by the playful spirit of Shiba Inus and the strong community of Dogecoin, Shibescriptions continue the tradition of innovation in the crypto world, giving a new meaning to the idea of inscriptions on the blockchain.
As we explore this thrilling frontier, remember, every leap in technology starts with a single paw-step!
In every thriving ecosystem lies a robust foundation of shared standards and advanced toolkits. That's precisely what drc-20 brings to the table, acting as your faithful Shiba Inu guide!
Envision drc-20 as an exciting, exploratory leap towards the future of Dogecoin. Just like a Shiba Inu dog chasing its tail, we're circling the possibilities of off-chain balance states inspired by brc-20, aiming to usher in a new era of fungibility within the Dogecoin network. Our mission? To position drc-20 as the leading Doginal standard on the Dogecoin network, fortified by a toolkit as keen as a Shiba's senses.
But remember, much like training a puppy, this journey is a learning process. We're continually growing, evolving, and learning the best ways to harness fungibility in Dogecoin. Hence, refrain from making substantial financial decisions based solely on our current progress.
Instead, we invite you to join us in the playground! We're rallying the Dogecoin community to delve into drc-20, and together, we'll shape the future of the Doginal ecosystem.
Our objective? To dip our toes (or paws!) into the possibility of whether the ordinal (doginal) theory can introduce a new level of excitement to the Dogecoin network. Here's how we're mastering the game of fetch:
Deploy Function: Think of the deploy function as the creation of a new drc-20 token.
Mint Function: The mint function works to generate a specific amount of drc-20 tokens, similar to giving out treats during a game.
Transfer Function: The transfer function is your tool to initiate the transfer of a specified quantity of drc-20 tokens.
When we combine these functions, we can effectively track the drc-20 balance state. The deployments are akin to the starting whistle of a game, setting the scene without influencing the score. Mints are like treats, enhancing the balance only for the lucky Doginal who manages to fetch the mint function.
Transfers, on the other hand, shift the balance between players during the initial toss of the transfer function, making it a two-part trick:
First, inscribe the transfer function to the sender's address.
Then, allow the sender to execute the transfer function subsequently.
Remember, this is a continuous learning process. We're using the brc-20 (now replaced with drc-20) playbook as our guide. This should give you a basic understanding of the game, but we've got more tricks to learn and fun to have.
So, let's fetch the future of Dogecoin together!
Source : docs.drc-20.org
