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Numex's vision is to become a decentralized Web3 platform that is centered around digital inscriptions, connecting the entire blockchain data and enabling efficient connectivity for users.
Numex's vision is to become a decentralized Web3 platform that is centered around digital inscriptions, connecting the entire blockchain data and enabling efficient connectivity for users. In the world of Web3, the majority of digital rights or assets will exist in the form of NFTs and digital inscriptions. NFTs, which have evolved over 17 years, have become a crucial value support and infrastructure in the Web3 ecosystem. The emergence of digital inscriptions, represented by the Ordinals protocol, in 2023 is a broader concept than NFTs and NFTs can be seen as a subset of digital inscriptions. Digital inscriptions will become the most important medium for social activities, asset confirmation, value exchange, rights enforcement, and redistribution of rights in the Web3 world. Therefore, Numex will integrate the BRC-20 protocol and facilitate transactions among digital inscriptions.
In the trend of continuous development in Web3, there is a need for a platform that can better discover, utilize, and propagate the value of NFT digital inscriptions. This platform needs to be built on a highly decentralized and secure public chain, encompassing a full-stack decentralized identity protocol (DID), a liquidity-abundant and highly available decentralized exchange (DEX) and launchpad based on automated market maker (AMM) principles. All of these elements are integral parts of the Numex infrastructure.
In the current global trend of stricter regulation of security-related cryptocurrencies, Bitcoin, which is mined, undoubtedly represents the purest form of cryptocurrency, ensuring its sufficient decentralization. After more than a decade of development, Bitcoin's network has reached an unprecedented hash rate of 376.36 EH/s, making it virtually unbreakable.
Just six months ago, there were doubts about the technical development of Bitcoin and its ability to mint NFTs on the blockchain. However, with the introduction of the Ordinals protocol, the Bitcoin market experienced a surge of excitement, although some viewed it as a dust attack on the Bitcoin network. Nonetheless, what people love will ultimately prevail, and we will soon discover the immense value and versatility of Bitcoin, igniting our boundless imagination. Welcome to the Web3 world that fully supports BRC-20 tokens, based on the Bitcoin DeFi ecosystem.
We can summarize the Numex platform with an equation: Bitcoin + Smart Contracts + Decentralized ID + Scalability = Numex. On the Numex platform, we will create a series of Web3 foundations, including: NuID: The first Layer 1 distributed ID solution specifically designed for Bitcoin's UTXO model. Distributed ID solutions are the foundation of Web3 applications.
NuContract: A contract framework based on Bitcoin's UTXO model, combined with Numex's Layer 2 network to achieve Turing-complete, high-performance smart contracts on the UTXO blockchain. NumexSwap: The first fully decentralized value swapping protocol running on the Bitcoin network, utilizing the AMM (Automated Market Maker) mechanism.
We will steadily work towards achieving the goals of Numex, with the first phase of our ecosystem being the launch of NumexSwap, a decentralized exchange. We believe this is the most immediate priority as addressing the primary trading needs of users is of utmost importance. Subsequently, we will gradually build a comprehensive Web3 ecosystem based on Bitcoin, leveraging the foundation established by NumexSwap.