TurtSat (Ordinals): What Is It and How Does It Work?

What Is TurtSat?

TurtSat is a community-driven project designed to revolutionize the Bitcoin Ordinals space. It aims to become the Gitcoin of the Ordinals ecosystem. The project's primary focus is on fostering collaboration and supporting the development of solutions within the Ordinals and inscription space. TurtSat's emergence is closely tied to the introduction of Ordinals on Bitcoin's blockchain, which enabled the creation of millions of inscriptions and BRC-20 tokens. This development highlighted the need for a platform like TurtSat to bridge liquidity gaps and connect ecosystems for the full utilization of ordinals and inscriptions.

The project's infrastructure includes the Donation Protocol, the PSBT Protocol, and an Indexing service, all integral to its functioning. TurtSat's goal is to create a vibrant hub for developers, creators, and visionaries to share resources and knowledge, thereby shaping the future of Bitcoin's Ordinal revolution. The platform is designed to be inclusive, allowing members from various backgrounds in design and development to contribute to the open-source development of the Ordinals ecosystem.

To learn more about Bitcoin Ordinals, check out our article: What Are Bitcoin Ordinals? Everything You Need to Know About Bitcoin NFT.

Resources

Official Documents: https://turtsat.gitbook.io/turtsat/

Official Website: https://turtsat.io/

How Does TurtSat Work?

TurtSat operates through several key protocols and services. The Donation Protocol allows users to contribute to Ordinal projects and receive tokens while saving on gas fees. This protocol is a new issuance protocol for BRC-20 tokens, reducing blockchain congestion and gas fees by bundling transactions. The dynamic breakout UTXO, auto inscribe, and PSBT exchange are part of this protocol, enhancing the efficiency and security of transactions.

The PSBT (Partially Signed Bitcoin Transaction) Protocol is another cornerstone of TurtSat. It enables developers to bundle multiple transactions into one, thereby saving on gas fees. This protocol uses metadata within Ordinals as input and output, combining these data to create ready-to-broadcast transactions. It ensures the security and validity of transactions, facilitating the creation and distribution of BRC-20 tokens.

Furthermore, TurtSat's Indexing Service is crucial for providing information about participants in the Ordinal ecosystem. The service aims to develop multiple indexing services that adhere to uniform rules, resolving conflicting information and fostering a healthy ecosystem for Ordinals and BRC-20 inscription tokens.

Consider investing in TurtSat ? It only takes 2 minutes to create an account on Bitget and start trading TURT.

What Is the Tokenomics of TURT Token?

TURT is the main token of the TurtSat ecosystem. It is a BRC-20 meme coin created to provide unique utility and empower users within the Bitcoin blockchain. The token bridges BTC with Ordinals consensus, designed to help individuals understand and engage in the development of Ordinals. With a total supply cap of 1 billion TURT tokens, it offers governance rights to its holders. This allows them to donate to and empower Ordinal projects while participating in voting for future developments in the Ordinal space.

TURT in the Bitget Innovation Zone and BRC20 Zone

On December 13th, 2023, TURT was officially listed on the Bitget exchange. The listing of TURT on Bitget marks a significant milestone, particularly in the Innovation Zone and BRC20 Zone. The Bitget Innovation Zone is a dedicated platform primarily for trending tokens, especially those in their initial listing phase. This zone offers a unique opportunity for newly listed trading pairs, providing them with a 60-day valuation period. This critical phase is essential for assessing the viability and market depth of these pairs, with the possibility of delisting if they fail to meet the set criteria. The availability of TURT for trading, deposit, and withdrawal on specific dates, along with the provision of Spot trading and Spot Grid trading demonstrates Bitget's commitment to facilitating user access to the latest tokens.

How to Trade TurtSat on Bitget

Step 1: Go to the TURTUSDT spot trading page

Step 2: Enter the amount and the type of order, then click Buy/Sell.

Master Bitget spot trading with ease! Explore The Uncensored Guide To Bitget Spot Trading and transform your trading skills now!

For those passionate about expanding their knowledge of cryptocurrency trading and investing, Bitget Academy serves as a vital learning resource. With courses ranging from technical analysis to risk management, Bitget Academy equips learners with the necessary skills and knowledge to navigate the crypto market successfully. Begin your crypto journey by visiting Bitget Academy's website today!