Smart Bitcoin Ignites Tech Innovation, BTCDomain Pioneers Industry’s Future

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At this year’s Mia­mi Bit­coin Con­fer­ence, BTC­Do­main founder Jay Lee and his team show­cased their tech­no­log­i­cal innovations.

They led the indus­try trends at sev­er­al sig­nif­i­cant events, such as the Bit­coin Builders Con­fer­ence 2023, Ordi­nals 2023, Smart Bit­coin 2023, and Bit­coin 2023 Conference. 

They intro­duced BTC­Do­main, the first intel­li­gent appli­ca­tion based on the Ordi­nals pro­to­col and zero-knowl­edge proof.

Smart Bit­coin Labs, the incu­ba­tor of BTC­Do­main, joined forces with two promi­nent Bit­coin accel­er­a­tors, BTC STARTUP LAB and Bit­coin Fron­tier Fund, to co-host a pro­fes­sion­al net­work­ing event named “Only Bit­coin Founders & Investors Mix­er.” Founders and relat­ed investors from var­i­ous accel­er­a­tors gath­ered at this event. As a co-host, Smart Bit­coin Labs invit­ed BTC­Do­main, its first incu­bat­ed project, to participate.

Rep­re­sent­ing BTC­Do­main, Jay Lee demon­strat­ed to investors and indus­try lead­ers how to achieve the vision of Smart Bit­coin by using the Bit­coin main­net as a trust­wor­thy data avail­abil­i­ty lay­er and lever­ag­ing zero-knowl­edge proof as a trust­ed com­pu­ta­tion method. 

Specif­i­cal­ly, BTC­Do­main uses Ordi­nals tech­nol­o­gy to embed all meta­da­ta about the domain name, such as “name,” “first_owner,” “expire­Date,” “sig,” etc., into the Bit­coin chain. As long as Bit­coin exists, the Bit­coin domain can be per­ma­nent­ly searched and used.

More­over, to pre­vent BTC loss­es that mali­cious domain res­o­lu­tion may cause, BTC­Do­main has intro­duced Zero-Knowl­edge (ZK) proof tech­nol­o­gy. BTC­Do­main plans to open-source its domain res­o­lu­tion pro­gram, and run it every time domain res­o­lu­tion ser­vices are pro­vid­ed, gen­er­at­ing the res­o­lu­tion result and cor­re­spond­ing ZK proof. 

Users need only ver­i­fy the ZK proof to ensure the actu­al exe­cu­tion of the res­o­lu­tion pro­gram is con­sis­tent with the open-source ver­sion. This way, users can obtain trust­less domain res­o­lu­tion results with­out set­ting up a Bit­coin full node.

Fur­ther­more, Smart Bit­coin Labs held Smart Bit­coin 2023 for the first time, which will serve as a per­ma­nent side-event to the annu­al Bit­coin Con­fer­ence. It invites devel­op­ers and investors ded­i­cat­ed to the intel­li­gence of Bit­coin chains for themed discussions. 

At this con­fer­ence, Smart Bit­coin Labs announced its mis­sion to trans­form Bit­coin into the most flex­i­ble smart pub­lic chain and set a goal to become the largest start­up incu­ba­tor in the Bit­coin ecosystem.

At the con­fer­ence, BTC­Do­main founder Jay Lee, Ordz Games founder z3th, AstroX founder Bruce, and Ordzaar co-founder U‑Zyn were invit­ed guests for the Founders Pan­el. More­over, guests for the Finan­cial Insti­tu­tions Pan­el includ­ed Bitrise Cap­i­tal co-founder Kevin Shao, Chain Cap­i­tal founder Simon Li, Vir­go Group CEO Adam, Bitmart’s CBO Kaimin, and NoRamp founder Daniel.

Dur­ing the con­fer­ence, Jay Lee shared his views on Bit­coin smart appli­ca­tions: “BTC­Do­main has imple­ment­ed smart appli­ca­tions on the BTC net­work, and the entire ecosys­tem is devel­op­ing faster than imag­ined. Most peo­ple in the Unit­ed States know Ordi­nals, but only a few know BRC20. The emer­gence of Ordi­nals is a coin­ci­dence, but because of this coin­ci­dence, the intel­li­gent Bit­coin has become a focus of the times.” 

Mean­while, William Xu, co-founder of Smart Bit­coin Labs, put for­ward a super-brain the­o­ry: “Bit­coin is like a brain that has only devel­oped 2%. Fur­ther devel­op­ment of Bit­coin through Ordi­nals tech­nol­o­gy or oth­er tech­nolo­gies, even just increas­ing the devel­op­ment lev­el from 2% to 3%, could trig­ger explo­sive growth in Bit­coin applications.”

At the end of the con­fer­ence, Smart Bit­coin Labs, as a co-found­ing mem­ber of Ordi­nals Vision DAO, joint­ly announced the ini­tia­tive dec­la­ra­tion of Ordi­nals Vision DAO with Bit­coin senior investor Kevin Shao.

BTCDomain’s inno­v­a­tive tech­nol­o­gy leads the future devel­op­ment of the Bit­coin ecosys­tem. Their out­stand­ing per­for­mance at Bit­coin 2023 has been wide­ly rec­og­nized. With the rise of Smart Bit­coin, we can antic­i­pate more tech­no­log­i­cal inno­va­tions and breakthroughs. 

BTC­Do­main, as a leader in this field, shows us how much Smart Bit­coin can real­ly do. It’s like open­ing up a whole new world of pos­si­bil­i­ties for every­one involved. Bitcoin’s future is just start­ing to take shape, and we’re eager to see where this jour­ney takes us next. 

Media Con­tact:

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Disclaimer

This arti­cle con­tains a press release pro­vid­ed by an exter­nal source and may not nec­es­sar­i­ly reflect the views or opin­ions of BeIn­Cryp­to. In com­pli­ance with the Trust Project guide­lines, BeIn­Cryp­to remains com­mit­ted to trans­par­ent and unbi­ased report­ing. Read­ers are advised to ver­i­fy infor­ma­tion inde­pen­dent­ly and con­sult with a pro­fes­sion­al before mak­ing deci­sions based on this press release content.

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