Magic price

After the whole Bitcoin L2 + Ordinals/runes hype, seems like a lull period in terms of exciting Bitcoin innovation Two projects that are still building which caught my eye • @ArchNtwrk: Bitcoin-native execution layer that delivers fast, composable, bridge-free smart contracts while anchoring security and settlement to Bitcoin itself • @citrea_xyz: the first zk-rollup fully secured by Bitcoin, unlocking a programmable layer for native BTC applications without compromising Bitcoin’s security - - - - - 1. Arch Network a) Intro • Bitcoin-native execution layer: computation layer that works directly with Bitcoin’s security model, rather than a rollup/bridge-based L2 • Bridge-free programmability: Solves the core problem that L2s have which is silo liquidity and can’t interoperate; Arch’s goal is a trust-minimized execution without bridging assets off Bitcoin • Taproot-compatible accounts + existing wallets: can use any Xverse or Magic Eden wallets with no need for bridging tokens • Benefits: Solana-like UX with Bitcoin finality b) Tech architecture • UTXO-aware VM (eBPF) + custom syscalls: Lets programs execute complex financial logic while interoperating with real Bitcoin UTXOs • Programs: Core primitives for writing apps, with a full developer toolchain (CLI, explorer, RPC) • Network roles: Bootnode (discovery), Leader (coordination), Validators (program execution), plus tight Bitcoin node/RPC integration • FROST + ROAST threshold signatures: A decentralized validator network signs state transitions; design emphasizes permissionless PoS-style validator sets and gradual decentralization as the number of signers grow • Traction: Featured apps include Saturn (DEX), funkybit (memecoin launchpad), ChaChing (borrow/lend); testnet shows 346k wallets and 2M+ txs This solves Bitcoin’s dilemma where L1 dApps are secure but slow and non-composable; L2s are fast but fragment liquidity and require bridges. Arch proposes a middle playing field: fast, composable UX that anchors to L1 and avoids bridge risk 2. Citrea a) Intro • Execution layer: The first zk-rollup fully secured by Bitcoin, transforming Bitcoin into a programmable platform for applications (called “₿apps” that consists of DeFi and consumer apps), while maintaining Bitcoin’s security, decentralization, and censorship resistance • The mission: unlike wBTC or centralized custodians, Citrea keeps native BTC on-chain and leverages trust-minimized bridging via their Clementine bridge. This stops the “value drain” of BTC to CEXes or other centralised chains and unlocks full potential of Bitcoin as a base layer for finance, gaming and payments b) Tech architecture • zk-Rollup on Bitcoin: executes tx off-chain (periodic checkpoints to Bitcoin) + zk-STARKS for state validity • Bitcoin as Data Availability: leverages Bitcoin for settlement and data availability (all state transitions are provable and reconstructible from Bitcoin inscriptions + Citrea inherits Bitcoin’s chain finality guarantees) • Clementine Bridge: trust-minimized 2-way peg bridge, optimicsic verification of withdrawals and supports single-round fraud proofs for fast dispute resolution • ₿apps (Bitcoin Applications): non-custodial apps using Bitcoin such as DeFi, payments, Gaming and NFTs The importance of Citrea is how it retains liquidity and expands Bitcoin’s role in global finance Developers are provided with a familiar environment (EVM tooling) with Bitcoin-level security guarantees while users enjoy the benefit of eliminated custodial risks to unlock their native BTC in DeFi and other applications - - - - - Closing thoughts Citrea is taking a bet on a modularity approach (zk-rollup anchored to Bitcoin to bring EVM-style tooling, liquidity, and composability); while Arch takes the Bitcoin-native route with a UTXO-aware eBPF VM, FROST/ROAST multisig, Taproot-wallet UX, and optional pre-confirmations. In short, builders/users would choose Citrea for EVM-aligned scale and interoperability, and Arch Network for a more pure-Bitcoin UX with direct settlement --> both are likely to coexist as complementary rails in a BTC-denominated economy

𝔾𝕦𝕚𝕕𝕖𝕝𝕚𝕟𝕖𝕤 𝕗𝕠𝕣 𝕥𝕙𝕖 𝕦𝕡𝕔𝕠𝕞𝕚𝕟𝕘 𝕊𝕒𝕥 𝕄𝕒𝕘𝕚𝕔𝕚𝕒𝕟𝕤 𝕞𝕚𝕟𝕥 Sat Magicians is the first #Ordinals mint of its kind, pioneering the @Magisat_io Launchpad! Here's what you need to know if you're whitelisted: 1. There are no artist royalties, but minters bring their own rare sat and pay for their data to be inscribed on bitcoin. Keep around 25000sats (or 0.00025BTC) for each magician. 2. The following distribution is employed: •⁠ ⁠200 uncommons •⁠ ⁠200 black sats •⁠ ⁠200 palindromes (all flavours of palis) •⁠ ⁠200 bl9 450x •⁠ ⁠400 pizza •⁠ ⁠400 bl78 • 1733 common sats (a.k.a you don't need a rare sat) The above categories will get depleted on a first-come-first-served basis: If 200 minters choose to inscribe on uncommons, there will be no more Sat Magicians left to mint on uncommon sats. The same goes for all the other categories. You can speculate on rarities and the hidden 1/1 Magicians based on the distribution above (but no other information will be made available). 3. You don't have to go to (gas) war. If your transaction is submitted to the mempool (even with 1sat/vb), your magician is reserved, even if it takes days to confirm. The following scenarios can drop your transaction: - your transaction doesn't confirm in ~2 weeks and disappears from the Bitcoin mempool (highly unlikely given the current environment, even with 1sat/vb) - You buy a rare sat straight from the launchpad, then mint on it. If someone RBFs your rare sat buy, both transactions will be dropped. This is also unlikely, as the person sniping your rare sat has to cover the fees for both transactions (the buy tx and the mint tx). There's little incentive to do so, as the second transaction is consuming a significantly larger fee to put the data on Bitcoin. To avoid this completely: (i) buy the sat before the mint, or (ii) use higher fees for any of the two transactions 4. The collection will be visible on Magisat during the mint, but trading it will be disabled until the collection mints out. Right after the last Magician is inscribed, trading will be enabled, and you'll be able to access your magisat profile > inscriptions, and list your item (if your tx is confirmed). Buyers will be able to buy a Magician from here: Notifs on, and I'll tweet when trading starts 🔔 5. To get familiar with the launchpad, the multiform step in it, you can access more information here: -- this is also the page you can use to check if you're eligible 6. The whitelist is final. Magisat users who were active in August were also added. No further modifications will occur. Best of luck to everyone, and thank you for being with us in this historical launch! See you at 14:30UTC on 🫡