Recently, the BRC-100 community of the Bitcoin ecosystem released a message:

The community will fork the BRC-20 assets on September 2nd, and then airdrop to all users holding these assets. The main purpose of doing this is to introduce BRC-20 assets into the more diverse BRC-100 ecosystem.

Perhaps it's been a while since there has been news about the Bitcoin ecosystem, or perhaps the recent sharp decline has significantly reduced the enthusiasm for the Bitcoin ecosystem. Many users who are concerned about the Bitcoin ecosystem are quite interested in this news, reigniting their passion for the Bitcoin ecosystem.

BRC-100 is a protocol in the Bitcoin ecosystem, and like many other protocols in the Bitcoin ecosystem (such as ORC-20, BRC-420, etc.), it is an extension and extension of the BRC-20 protocol.

Its biggest feature is to implement various operation logics required in smart contracts using the "mint" and "burn" operations. It still uses the method of inscribing all operations on Bitcoin.

The biggest advantage of doing this is security, avoiding the use of second-layer extensions to implement smart contract functionality. However, in practice, it still needs off-chain indexing to interpret its operations.

So, although it greatly expands the functionality of inscriptions and can conveniently and flexibly introduce various logics, the technical means and inscriptions it adopts are essentially the same.

The BRC-100 ecosystem currently has some basic DeFi applications, such as DEX, lending, and so on. Perhaps for this reason, the BRC-100 community hopes to use its relatively mature DeFi applications to bring the heat and consensus of BRC-20 assets into this ecosystem.

But I am somewhat skeptical whether this fork can bring the heat and consensus of BRC-20 assets over.

In general, in the existing ecosystem, when we talk about introducing an asset from one ecosystem (original ecosystem) to another ecosystem (target ecosystem), the asset will be locked in the original ecosystem, and then the anchor asset of the original ecosystem will be created in the target ecosystem. Only then can the original ecosystem asset be considered to have been introduced into the target ecosystem.

However, the assets generated by this fork airdrop are not strongly associated with the original ecosystem assets. This is like saying that someone wants to airdrop Bitcoin on the Ethereum blockchain. How many people would think that the value of the airdropped Bitcoin is the same as the Bitcoin on the Bitcoin blockchain?

The Bitcoin assets recognized in the Ethereum ecosystem, such as WBTC, have been locked and anchored.

Furthermore, I believe that even if BRC-100 is slightly better than other similar protocols in terms of security, I doubt how many users will particularly care about this difference in the actual usage process?

Finally, the most important thing is that I have always believed that for the Bitcoin ecosystem to develop, it must have application scenarios and application models that have never existed in the Ethereum ecosystem.

To achieve this, either the developers of the BRC-100 ecosystem can develop innovative applications, or the BRC-100 protocol itself has unique technical features that can support new application scenarios and application models.

But I don't see either of these points in BRC-100.

Although there are DeFi applications in the BRC-100 ecosystem, they are still the same old thing. Even if the developers of this ecosystem can implement all DeFi applications, it is still just copying the applications in the Ethereum ecosystem, without any innovation.

Technically, BRC-100 is only considered an extension of existing protocols, using existing technology to implement more functions, rather than achieving the kind of technological advancements that Ethereum has made beyond Bitcoin.

So overall, I can't think of any applications that only the BRC-100 ecosystem can create and that other Bitcoin ecosystems cannot, and I am not very optimistic about the drainage effect of this operation.

Reference link:

https://mp.weixin.qq.com/s/M-6ozdClGGXlBjO0PoAmQw

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