Yesterday, I saw a 200u ETHS card off the field, which is 200 times the cost of Mint's 0.8u card
Yesterday, I saw a 200u ETHS card off the field, which is 200 times the cost of Mint's 0.8u card. This wave has given me the confidence to start researching and thinking about ETHS. Previously, I only participated in ETHS with an experimental mindset, and I also believed that Etherscripts was going backwards. Now, I have changed my thinking and found that ETHS not only expands the consensus on orders, but also serves as a new paradigm for ETHNFT asset creation:
This thread will share with you the strengths, weaknesses, growth data, potential related opportunities, and risk points of Etherscripts.
Advantages:
If you flip through the founders@DumbnamenumbersRecent tweets and replies have found that he has always emphasized one sentence: Why do you have to pay expensive fees for NFT? This is the core advantage of Ethscripts. Previously, Ethereum recorded status data with content 0 on expensive blocks.
Now Ethscripts should give full play to the real advantages of Ethereum, and provide a consensus standard for user operation behavior through signature verification. For example, directly use calldata to store information. The approximate path is as follows: the uploaded image is converted to URI format, then converted to hexadecimal, and the hexadecimal word is entered into calldata. The final effect achieved:
Previously, casting NFTs required $10, but now it only costs $1.
At the same time, Ethscripts storage is on the entire chain, while in the past, NFTs were stored on ipfs or centralized devices (with a risk of loss), which is the same concept as BTCordinals, 100% pure on the chain. These two advantages have become the most important reason why Ethscripts is popular in Ethereum. It has created a new asset creation paradigm.
Disadvantages:
The main two points are the limitation of 1M blocks. Currently, only images and text can be uploaded, and video games and other related content cannot be uploaded; Additionally, there is no programmability. These two disadvantages lead to insufficient scalability of Ethscripts, but just like Ordi, the disadvantage may also be another form of advantage.
Growth data:
From the launch on the 14th to the outbreak on the 18th, the tx data on Etherscripts has been climbing. As of today's afternoon of June 27th, tx has reached 410000 transactions; The current price of ETHS is 0.2 yuan, and the holders have risen to 2420 positions, which is relatively scattered. The number one holding position accounts for 2.76% of the total, with 58w ETHS. Compare Ordi:
After two months, the current holder is 12485, and the market value has gradually increased after stabilizing, with a current market value of $170 million. 10% of the market value of ordi is widely expected, that is, $17 million corresponds to $0.8 of the price of eths. With the sufficient liquidity of Ethereum, there may be some premium. If it rises to 1 eths=10u, then eths will realize the 10000 times myth like ordi.
Potential related opportunities:
The main projects are derived from Ethscripts. On the one hand, there are NFT and domain names (games and memes have not yet appeared), and on the other hand, there are projects related to protocol extension, such as ETHN, as well as various experimental projects such as 721 and SERC. Our principle for this part is to participate with the mindset of conducting experiments, choose innovative and useful use case related projects, participate at a low cost, and do not focus on it
Risk points:
Risk points:Ethscriptionscore
This is the same concern as the removal of Ordinals by btccore, but Ordinals is currently deeply bound to various stakeholders in the btc ecosystem, with rapid development of the ecosystem, and has opened up new use cases for btc, enriching the usage scenarios of btc. So the probability of being deleted is almost zero. DYOR~
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