Season 3

Episode 37

Available Now

Innovation Out of Necessity

Tue Jul 18 2023





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Show Notes

Innovation Out of Necessity

Alex is a young founder with tech skills flowing through his veins. Eventually meeting Robert, they created, developed, and mostly had fun throughout the years. Both ended up in the blockchain but saw the opportunity through the Ordinals theory. They made a big statement by inscribing BTC Punks and later on created the largest Ordinals Marketplace.

00:00 to 09:00 - Who’s Alex

09:00 to 11:25 - BTC Punks

11:25 to 14:04 - Being First

14:04 to 19:20 - Indexing

19:20 to 25:11 - Ordinals Market

25:11 to 28:45 - BTC + ETH

28:45 to 31:22 - Aggregating Stats

31:22 to 34:50 - In Slot Model

34:50 to 39:20 - Bridging NFTs from ETH to BTC

39:20 to 41:30 - ETH Inscriptions

41:30 to 46:50 - Burning the Asset

46:50 to 48:50 - Innovating

48:50 to 54:23 - Releases

54:23 to 58:15 - Don’t Trust, Verify

58:15 to 01:02:44 - Rounding Off


Ordinals: Information inscribed on satoshi - similar to the ERC-721 standard on Bitcoin.

Indexer: Indexer is a software program that tracks the state of a blockchain network and provides information about it to other users. Indexers are used by a variety of applications, such as wallets, exchanges, and analytics platforms.

Rust: Rust is a programming language that is designed to be safe, fast, and expressive. It is often used for developing blockchain applications because of its performance and security features.

Taproot: Taproot is a new upgrade to the Bitcoin protocol that was activated in November 2021. Taproot introduces a number of new features, including Schnorr signatures and Tapscript, which can make Bitcoin transactions more efficient and private.

BRC-20: BRC-20 is a token standard similar to the widely used ERC-20 on Bitcoin.

OTC Trades: OTC Trades are over-the-counter trades that are executed directly between two parties without the use of an exchange. OTC trades are often used for large or complex transactions, or for transactions that require privacy.

BRC-721e: Token standard that allows transfer of NFTs to Ordinals.

ETHscriptions: A new protocol that enables the creation and sharing of digital entities on the Ethereum blockchain similar to BTC’s inscriptions.

ERC-1155: Token standard that is designed to be more efficient than the ERC-721 and ERC-20 token standards. ERC-1155 tokens can represent a variety of different assets, such as digital collectibles, in-game items, or even real-world assets.

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