Pow20
@pow20io
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POW-20 protocol enables Layer-1 tokens backed by proof-of-work Gitbook Discord (operated by community)
Joined February 2024
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Pinned Tweet
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🚨Huge News🚨
The
#pow20
protocol/indexer becomes the 5th major protocol to be merged into the main branch of OPI (open protocol indexer) by
@bestinslotxyz
Alongside BRC-20, Bitmap, Runes, and SNS
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🚨Huge Announcement 🚨
Big shoutout to
@ordinalswallet
for being the first exchange to support the
#pow20
protocol by listing $DOTI and $PEPE
We hope and encourage other exchanges to join their lead. PoW matters!!
Introducing POW-20 support, now live on Ordinals Wallet!
POW-20 is a Bitcoin token protocol that introduced a new method of proof-of-work to mint or mine-to-mint earlier this month.
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Yo
@MagicEden
the people have spoken
who will be the first to list DOTI
@ordinalswallet
@unisat_wallet
@ordswap
@MagicEden
@coinbase
@binance
@okx
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Token balances are now using an indexer, however, we are still testing things to ensure accuracy and reliability. Stay tuned for updates.
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#POW20
is now listed alongside a few other protocols you may have heard of.
Probably nothing…
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63,069 inscriptions across $DOTI and $PEPE in combined 24ish hours + thousands of THs of CPU hashing to produce.
#POW20
protocol didn’t exist ~2 weeks ago. Proud of our small team and grassroots community that is growing everyday.
Indexer been running last several days LFG 🚀
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711 unique PEPE holders. Largest bag holder claimed 2% of total supply. Proof-of-work plus first-is-first creates nice distribution.
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we know you want an indexer
we know you want a marketplace
please be patient as we are working on a few other backend things that need to happen first
anyone that wants to build an indexer would be welcomed help
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🚨🚨 INDEXER UPDATE 🚨🚨
on the soonest day of the soonest month in the soonest year, pow20s will be indexed!!!
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Mining POW-20 on
#BTC
will continue indefinitely as there is no 3rd party reliance and the protocol is open for anyone to use or interact with. Same for
#BSV
smart contract.
I have decided to pause all mining, effective immediately.
I believe this action to be in the best interests of Solana, Ore holders, and the fastest path forward to v2.
🧵
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DOTI BSV Exchange 👇
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gm
here's our *plan for the next week or so
1. release indexer - done
2. finish backend optimizations - soonest
2. deploy a test/meme token - sooner
3. open for public deployments - soon
4. let community go wild - always
*things could change
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Getting tired of the bullshit
ETH/BASE = wannabe BTC
SOL = wannabe BSV
Proof of work > .
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big shoutout to
@hbeckeri
and for building the rust miner and already changing the game
if you're not a dev and want to give it a try here's a quick step by step thread on how to get started:
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who will be the first to list DOTI
@ordinalswallet
@unisat_wallet
@ordswap
@MagicEden
@coinbase
@binance
@okx
Ordinals Wallet
89
Unisat
122
Magic Eden
130
OKX
82
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DOTI BTC mint is over
It will be difficult to know exactly which claims are valid until a proper indexer is built
Thank you everyone for participating there was way more interest than we expected
We will open up deployments to the public in the coming days
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we did a successful test transfer by uploading a json file on
@ordinalswallet
we have not tested this on
@unisat_wallet
but we assume uploading a json would work there as well
we have not tested a text inscription and do not recommend trying this until further notice
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Where have we seen this before? 🤔
There is only one OG $DOTI
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Wait wait…
BIG SWEEP ALERT 🧹🧹🧹
8 POW20 DOTI just sold in a single bulk purchase for a total of 0.1061 BTC ($7,390)
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update on how you can help pow20s get listed on marketplaces coming soon
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Actual stats:
832 unique DOTI holders (BTC)
Top 20ish holder percentages
2.56%
1.21%
1.07%
1.03%
1.01%
1.01%
1.00%
0.97%
0.94%
0.93%
0.88%
0.87%
0.82%
0.81%
0.80%
0.74%
0.72%
0.70%
0.70%
0.69%
proof of work creates an additional level of fair minting
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All existing paid users service pass expiries have been extended 3 days from today. Thanks for being patient with us while we explore new paths in PoW ⚒️
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We like $ORDI
We like $DOTI
@thisisnotzeno
@pow20io
@ordinalswallet
@unisat_wallet
omg this might be big
first is first
its like $ORDI all over again
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It takes a village to raise a child
Loving the community that’s forming
We all work for Bitcoin
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listened to some spaces the last couple days
really cool ideas from the community on how else proof of work can be used
excited to see what else comes from this
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Furthermore, has never been and will never be a dependency for
#POW20
protocol, which is open and available for anyone to interact with independently of our services.
We encourage other devs to build competing services.
🚨Update🚨
After feedback from the community, we are removing rate limits and upgrades are no longer required. There will be a $1 service fee for all inscriptions to support infrastructure costs.
Existing pass holders will continue with no service fees until passes expire.
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vibe check
on a scale of 1-4 how stoked are you about the pow20 protocol
1 - not stoked
40
2 - kinda stoked
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3 - super stoked
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4 - full stoke
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First POW-20 DOTI on BTC starts at block 832575
@unisat_wallet
First POW-20 DOTI on BSV starts now
@wallet_panda
More layer-1 chains coming… Hello
@dogecoin
@doggy_market
@doginalsDRC
@DogiDrc20
@verydogelabs
#doge
#dogi
#doginals
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Indexer in the works. Will open source.
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How do you guys feel about this change?
Unclaimed
Pending Payment
Inscribing
Inscribed
Instead of current
Unclaimed
Pending
Claimed
(On the claim command…)
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🚨Update🚨
After feedback from the community, we are removing rate limits and upgrades are no longer required. There will be a $1 service fee for all inscriptions to support infrastructure costs.
Existing pass holders will continue with no service fees until passes expire.
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We’re restarting/syncing the BTC indexer as a part of a validation process. Balances within the app may be incorrect/invalid during this process.
Stay tuned.
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regarding DOTI on BTC
POW20 is a new protocol and until an indexer is built, it will be impossible to know all the valid claims
this was way more exciting than we were expecting so please be patient as things get worked out
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Dev update. We are analyzing everything from yesterday (positive and negative) and making updates before opening deploys.
Big shout out to
@unisat_wallet
for handling our rate limit increase request in a pinch and giving suggestions for optimizing the requests. 🙏
#pow20
LFG 💪
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Hey
@saylor
what do you call people that use PoW to mine layer-1 assets that can only exists within an on-chain economy?
If your money isn’t backed by/created from proof-of-work, it’s dead ☠️
We don’t make the rules… he’s not wrong.
This would go so hard irl at a Bitcoin conference. 😂
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Should we wait until indexer is done to deploy a meme coin or let it rip?
Let it rip 🚀
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Wait ⏳
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For those asking about difficulty adjustments on BSV smart contract. It’s exponential… it adjusts at 20% 40% 60% and 80% of mined supply. $DOTI started at difficulty 6 and will mint out at 10
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seeing a lot of you type mine in the comments
meant to say type mine in the terminal
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Fill in the blank. All I see is _________.
In a nutshell, this graphic is why I spent 13 BTC (189 ETH) over the past week buying rare ordinals.
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Awesome to see a community driven POW20 Discord
We support this community driven discord but we have no official affiliation
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Are you working? What kind of work do you do?
PROOF OF WORKKKKK
@gangstarr
been putting in work since 98
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that feeling when youve been mining on level 10 all day and finally win a hash
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🙏
Congratulations to the
@pow20io
devs on their excellent work integrating with OPI.
The beauty of OPI is that it enables protocol designers to check the consensus of their indexers and kickstart their protocol.
We welcome you to the indexer club 🎩🪄
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tfw you go touch nature but let your computer keep mining pow20s on BSV
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Full BTC node is running. We’re using OPI to get a working version up. Idea is to stub out the example indexer with new validation rules and pass off to devs/exchanges that want to run it.
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BSV mining is working
DOTI at 8.47% mined 🔥🔥
4,273 putting in work 💪💪
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