Currently, Dogecoin has two different protocol standards for inscriptions, Doginals and Cardinals, and DRC20 has 3 different versions of indexers, with data and standards that are not interoperable between different versions, and the indexed DRC20 tokens are also different. Therefore, this article will list the differences between the different versions to clarify the relationship.
1. Doginals
Doginals was released in February 2023. It is the earliest version and is closest to the original Bitcoin ordinals standard. It has the widest user consensus and is supported by old OG platforms including Ordinals Wallet. It is the version mainly supported by the overseas community.
Author
https://twitter.com/apezord/status/1629212282981912581
Doginals Exchange/Wallet:
Main trading volume and liquidity exchange for DRC20.
Among them, Dogi is the first DRC20 token deployed on Doginals, with a total supply of 21 million. It was deployed on March 11, 2023, at 09:22:28 UTC.
We found the initial deployment record
https://dogechain.info/tx/0bd32d69ca2221f3fc34d99aa14bccc2af10eedc7514770ae842ab9a72468743
Current market value: 33,159,835.22 USD
2. https://ordifind.com/marketplace
This is the first exchange that supports DNS Dogecoin domain name trading.
3. doggy
Focuses on the exchange of Dogecoin NFTs.
4. Ordinalswallet
An old OG of Bitcoin ordinals, an exchange developed for Doginals, providing a reliable and fast trading experience.
https://doge.ordinalswallet.com/
4. Popular ecological project introduction:
4.1 Dogecoin Name Service (DNS) domain
The Dogecoin version of Bitcoin .SATS domain.
https://ordifind.com/marketplace/domain
4.2 Dogemap
The Dogecoin version of Bitcoin Bitmap
Refer to our previous article: Interpreting the current development status of the largest metaverse project in the Bitcoin ecosystem, Bitmap ecosystem
https://link.medium.com/36Y6cmAsrFb
2. DPalwallet / Dogim Ecology
DPalwallet Team
As mentioned earlier, the first token of Doginals was dogi deployed in March, but the wallet was not yet complete in early March. At that time, most of the minting was done by a few code-savvy geeks, and due to the cheap gas of Dogecoin, some in the community believed that the dogi deployed in March was not decentralized, and the chips might be concentrated in the hands of a few. So on May 9, 2023, at 15:50:54 UTC, someone redeployed a version of dogi with a total supply of 21 billion.
We also indexed the original deployment link:
https://dogechain.info/tx/ee688262677b00d973d0aa18e40863e8ba984e4237ac6ef46dd53a5b0d380092
The DPalwallet team established an indexer for this dogi, which calculates valid minting from May 9 onwards when indexing dogim, and claims to filter out witch mint addresses (this is also a major difference from another version).
Later, DPalwallet released the dogex exchange. To distinguish the previously deployed dogi in March, the name of this version of dogi was changed to dogim in the frontend.
The total supply of this version of dogi is 21 billion, with a current market value of approximately 11,035,458 USD.
Exchange address: https://www.dogex.me/swordpool
Github: https://github.com/dpalwallet/DPalWallet
However, it is important to note the risk that as of the publication of this article, the open source information for the indexer of Dogim has not been found. Under this mechanism, the dogex indexer has the authority to judge the validity of user wallet balances. Therefore, currently only the DPalwallet team has the accounting rights for the dogim token:
3. Cardinals
Cardinals was released in May 2023. The Cardinals team made secondary development based on the ordinals code, allowing the drc20 tokens of Cardinals to be confirmed in one step, optimizing the issue of brc20 wasting utxo, and released the drc20-swap protocol to implement swap functionality, and more.
Whitepaper: https://github.com/dogecoinw/cardinals/blob/main/bip.mediawiki
Unielon developed the exchange and wallet functions for Cardinals.
Website: https://unielon.com
Among them, the two tokens with the highest market value and liquidity in the Cardinals Drc20 market are unix and cardi.
Unix token: Platform token of Unielon, current market value 16,947,926.88 USD
Cardi token: Meme token of the Cardinals protocol, similar to ordi of brc20, current market value 6,341,713.30 USD
Summary
Because Dogecoin is a completely decentralized community with no official foundation or development team, there is no one to define orthodoxy. The author hopes to see reasonable competition between different project teams, just as there are multiple protocol standards on the Bitcoin chain. Each team has the right to propose and operate its own protocol standards as long as they do not act maliciously. Market participants can also freely choose projects that align with their own beliefs. This article serves as a clarification and does not endorse any protocol, nor does it provide any investment advice. The inscription track is in its early stages and carries many unknown risks, so readers should be aware.
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