What Exactly is NAT Based on the DMT Theory

11/23/2023·1years ago

Before understanding NAT, we need to clarify a knowledge.

DMT Theory: The DMT theory (Digital Matter Theory) refers to the theory of digital matter, which means that users can create a valuable digital form based on the inherent patterns existing in the data. As the Bitcoin block expresses transactions between users, and information in many fields is permanently recorded and stored in a decentralized and secure distributed ledger. Therefore, developers can use the principles of DMT to create a new type of digital value.

Currently, DMT has three characteristics in the Bitcoin ecosystem:

  1. Ordinal theory, due to the existence of ordinals, each sat in the BTC ecosystem is assigned a unique ID, and anyone can create digital assets on the sat based on this ID, which is what we commonly refer to as engraving.

  2. Scarcity, sats in unique positions on the Bitcoin block will be considered rare sats, similar to rare NFTs, so what is engraved on them is often more valuable.

  3. Bitmap theory, identifying each block on Bitcoin as digital real estate in the area.

With an understanding of the DMT theory, let's take a look at NAT. NAT is an application based on the DMT theory, and anyone can create NAT in the Bitcoin ecosystem, and its token parameters are determined by referencing the .element inscription. Whether through the form of FT engraving or the form of NFT engraving. This is a hybrid token model. The number of tokens represented by each block is different.

The following image represents the ability to engrave 10 units of NAT.

And when "blk": 2, it means that users can engrave 1000 NAT. The blocks of casting 1 and 2 are two unique non-fungible inscriptions, each recording the separate accounting units of the basic replaceable "satoshi" NAT.

Each block will have a different number of Bits, and the number of Bits corresponding to the block engraved by the user is the actual amount of tokens obtained.

For example, if a user writes NAT into blocks 817,824, they will receive 386,161,170 NAT tokens. And if the user owns 817,824.bitmap, they can also engrave 386,161,170 BMT tokens.

To participate in the NAT casting process, users can do so in the following ways:

  1. Deploy inscriptions directly, we can open a wallet or trading market in the BTC ecosystem, such as Ordinals Wallet. Search for natmap and complete the relevant engraving.

In Natmap, there will be three color expressions, orange indicates unavailable/listed; black indicates available; green tokens have been engraved and are for sale.

Each black square will contain a number, which is the block ID, and each ID will correspond to a certain number of tokens.

  1. For existing projects such as Bitmap, users who hold Bitmap can obtain NAT casting rights through the parent-child inscription mechanism (create a child inscription under this inscription).

In general, compared to popular projects such as Ordi and Bitmap, NAT is still in a relatively early stage of popularity, but its intrinsic logic is quite pioneering. This means that in addition to block height, any data-based feature will be used to create assets. From the current perspective, it has a driving effect on stimulating the vitality of the Ordinals and BRC-20 ecosystems.

Finally, for more information about NAT, you can refer to the relevant content of X blogger @TheBlockRunner.

https://twitter.com/TheBlockRunner

If you want to participate in NAT engraving, you can do so through Ordinals Wallet.

https://app.vedao.com/projects/e52eef6338124e1cf06a56ac73fedcc7491ba993d9feb0f48d005fde6c66de94

Or Unisat Wallet.

https://app.vedao.com/projects/2f30ec346165c7b7d28e2ce1785b5a5fe12ea0a0ae017826019f795c6a65cc5e

As the project is currently in a relatively early stage, most user behaviors are currently limited to the logic of engraving based on domain names. In the block with a total of 817,999, some numbers ending in 0, 5, or such as 666, 888, etc. have already been engraved, plus the tokens have not yet been launched, so the current scenario is relatively scarce. But because the concept is quite novel, and the difficulty and cost of engraving are low, interested users can try engraving a few for fun.

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