The creation of arbitrary tokens on high of the Bitcoin protocol is on no account new.
In Bitcoin’s now 15-year historical past, there have been many makes an attempt to create suitable protocols that leverage the information storage supplied by Bitcoin nodes in an try to permit the creation of recent cryptocurrencies and crypto property. There have additionally been quite a few makes an attempt to market these property to the general public by way of gross sales, mining schemes, or extra inventive issuances.
Nevertheless, in response to the heightened market exercise surrounding the BRC-20 protocol, we really feel the necessity to take this chance to reassert Bitcoin Journal’s Editorial positioning.
Efficient January 2024:
- Bitcoin Journal stays open to platforming dialogue on token requirements – From the early days of Counterparty to fashionable makes an attempt to make use of Lightning for asset issuance (Taproot Property, Synonym, RGB), Bitcoin Journal has all the time reported on new bitcoin-based token protocols in its information and opinion articles.
As Bitcoin token requirements are a technical idea, representing the scientific debate on the boundaries and potential of the community, we maintain that discussing these protocols and rising understanding of their functioning is within the public curiosity.
As such, we’ll proceed to publish content material on these protocols, the variations between mentioned protocols, in addition to how they examine to choices within the wider crypto market.
- Bitcoin Journal stays opposed to platforming dialogue in the marketplace exercise of Bitcoin tokens or token issuers – Bitcoin Journal will uphold its long-standing coverage of refraining from masking the market efficiency of each Bitcoin property and Bitcoin asset issuers. This may lengthen to discussing trade listings and market actions, even when referenced in unrelated information and opinion content material.
- Bitcoin Journal stays open to platforming dialogue on novel issuance and market distribution mechanisms utilized by Bitcoin token issuers. This contains potential advances of their minting, auctioning, and distribution techniques, in addition to the varied technical and regulatory ramifications of those strategies.
- Bitcoin Journal stays open to platforming dialogue and critiques about our insurance policies and their validity. We consider the aforementioned insurance policies supply the best profit to our reader whereas minimizing the danger of client hurt, however welcome crucial suggestions. Submissions might be despatched to: editor@bitcoinmagazine.com.
This coverage clarification doesn’t apply to our stablecoin or Ordinals protection.
Additional, it pertains solely to BitcoinMagazine.com and its Print publication, and doesn’t symbolize insurance policies enforced by the Bitcoin Journal social media group, the Bitcoin convention, Uncommon BTC or UTXO Administration, the institutional fund owned and operated by BTC Inc, and which can have publicity to varied Bitcoin-based tokens or token issuers.