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  • In-depth Analysis of Ordinals Protocol's Community Development and Cultural Impact

    Since its launch in January 2023, the Ordinals protocol has garnered widespread attention by inscribing "digital artifacts" on the Bitcoin on-chain. It not only leveraged the Taproot upgrade to bring NFT-like assets to the Bitcoin ecosystem but also spawned innovations such as BRC-20 tokens and the Runes protocol. The Ordinals community is built by developers, artists, collectors, and miners, with the non-profit Open Ordinals Institute dedicated to protocol development. However, its impact on network congestion and transaction fees has also sparked intense debate among Bitcoin maximalists, highlighting the diverse perspectives within the Bitcoin ecosystem regarding its future direction.

  • The Challenges of Globalization and Opportunities for Community Revitalization for Terra Classic USD (USTC)

    Terra Classic USD (USTC), formerly known as TerraUSD (UST), saw its value plummet after decoupling in May 2022 and was subsequently renamed USTC. Despite facing regulatory pressures—such as its delisting from KuCoin under MiCA regulations—and a crisis of market confidence, the Terra Classic community continues to actively pursue multiple upgrades and proposals aimed at restoring USTC’s utility and value. These efforts include reactivating Market Module 2, introducing native USTC staking, upgrading the Cosmos SDK, and continuing to advance the long-term vision of re-pegging. As of this writing, USTC is still viewed as a speculative asset, and its future performance depends heavily on community development and market sentiment.

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