2.2.4 AW Inscription Protocol

Introducing AOF's autonomous inscription system!

Concept:

With the rising popularity of Bitcoin inscriptions, the trend has extended to other public chains like AVAX and ETH. Drawing inspiration from various projects, we've developed smart contract-based inscriptions within the AW protocol family application ecosystem. Our aim is to facilitate long-term ecological development in this area.

While inscriptions enable data storage on the blockchain, such as Bitcoin's use of "Satoshi" as the smallest unit, expanding this data relies heavily on indexing technology.

Indexers serve as interpreters of inscription standards, but due to the lack of consensus, most indexers are centralized.

Indexers vs. Smart Contracts:

Recognizing the need for innovation, some projects have leveraged smart contracts to replace the functionality of indexers. We've followed suit, creating an inscription game ecosystem using smart contracts. This is embodied in our AW-20 series protocol for smart contract type inscriptions.

Our inscription system is compatible with the ERC721 token standard and other inscription-related standards. This enables decentralization akin to NFTs and facilitates trading.

Features:

The core concept of AW revolves around constructing a fully self-governed world. To enhance its functionality, we continuously refine the AW protocol itself and introduce new features. Many of these functionalities are experiential through our protocol family products.

Inscription Block Restrictions:

Our inscription system employs fair emission methods. However, to prevent a minority of users from acquiring a disproportionate amount of chips within a short timeframe, we've implemented rate limits within the contract. This feature enables defining the maximum number of inscriptions permissible to be minted in a block.

During the actual sale process, the system reflects real-time casting conditions through a public variable, indicating network congestion. If this variable approaches or equals the preset maximum value, it signifies continuous casting activity.

Despite these measures, the rate limit may still pose fairness challenges, especially with a large number of users utilizing the program and owning their nodes, compared to regular users minting inscriptions.

Whitelist:

To address fairness concerns, we've implemented a whitelist function. This whitelist can bypass the rate limit, promoting a relatively fair environment. Leveraging the merkle tree implementation method common in smart contracts, the whitelist helps mitigate shortcomings in the aforementioned speed limit channels.

Lottery:

In pursuit of enhancing the enjoyment and gamification of inscription casting, we offer unique settings that construct bitmaps based on certain number characteristics, such as the red and green in KGBNB. These images are automatically generated through computer code and are stored on the blockchain upon completion. With a large number of participants casting inscriptions, each number possesses high randomness.

Consequently, the AW protocol supports the utilization of various numbers to achieve intriguing features, adding an element of excitement to the inscription process.

Lock Position:

Given the compatibility of Inscription with smart contract functionalities, it can also facilitate various decentralized financial methods, including lock-up mechanisms. This feature allows users to lock a specified number of tokens using an inscription. Upon burning the inscription, users can then redeem the tokens locked within the inscription. This capability enhances the versatility and utility of the Inscription system within decentralized finance applications.