Overview

SAT20 is a "Satoshi Standard" Bitcoin native asset issuance and circulation protocol. Its core feature is the secure, economical, and fast flow of assets tied to Satoshis. The circulation protocol is the core, aiming to support the secure, economical, and fast circulation of all native assets on the mainnet. It supports all UTXO-based asset issuance protocols on Bitcoin. Satoshi Network is a native extension of the Bitcoin mainnet, dedicated to expanding the liquidity of native assets on the Bitcoin mainnet and exploring a viable path for the development of the Bitcoin ecosystem.

SatoshiNet

SatoshiNet is a native extension of the BTC mainnet. Based on the BTCD source code, it provides a secure, fast, and economical native circulation environment for BTC and the mainnet's native assets. SatoshiNet is a centralized showcase of all achievements of the SAT20 protocol and the foundation for our in-depth development of the BTC ecosystem.

Features of SatoshiNet:

1. A native, extended layer 2 network for BTC: Based on the RSMC contract, asset security is guaranteed by the mainnet.

2. Bridgeless: Anyone can independently transfer assets to SatoshiNet or withdraw them back to the mainnet without the need for a centralized funding bridge.

3. Coinless: All assets originate from the BTC mainnet.

4. Common consensus: Same address, same network fee, same assets, and same core code (based on BTCD).

5. Secure, economical, and fast: User-controlled assets ensure fast block times and low fees.

6. Smart Contract Support: An innovative channel contract framework provides a more flexible and secure smart contract solution.

Asset Circulation Protocol (STP)

The SAT20 Asset Circulation Protocol, also known as the Satoshi Transcending Protocol (STP), is a protocol based on Lightning Network channels that defines the rules for the circulation of Satoshi assets.

Features of the Satoshi Transcending Protocol:

1. BTC Native: Inherits the Lightning Channel RSMC protocol, with asset security ensured by the BTC mainnet, giving users full control.

2. Full Asset Support: Supports native asset protocols on the BTC mainnet, such as Ordinals, Runes, BRC20, ORDX, and more.

3. Dynamic Lightning Channel Technology

4. Simple Atomic Interface:

   • Open and close channels

   • Lock and unlock assets

   • Splicing in/out

5. Extensible channel contract framework: Expand the RSMC protocol into a channel contract comparable to smart contracts

Asset Issuance Protocol (ORDX)

The SAT20 asset issuance protocol is an enhanced version of the Ordinals protocol. It is used to issue assets called SAT20 assets. These assets are bound to satoshis and inherit the properties of satoshis:

1. Satoshis are not destructible, so the assets are also non-destructible.

2. The data bound to satoshis is immutable, so once the assets are issued, they cannot be modified.

3. Wherever the satoshis are, the assets are also present, allowing assets to freely move across different networks alongside satoshis.

4. Assets belong to the owner of the satoshis, so when satoshis are transferred, the assets are transferred as well.

5. The non-fungible nature of satoshis determines the non-fungibility of assets, making them inherently SFT (Semi-Fungible Token) assets.

6. Satoshis can be bound to any data, including smart contracts, enabling assets to have a certain level of intelligence.

Vision

One sat, one world.

Everyone can enjoy the benefits of the BTC network.