Merlin Protocol
  • ⚒️Welcome to Merlin Protocol
  • 🙌Vision
  • BRC20 ADAPTER
    • 📋Overview
    • ⏳Adapter Process
    • 📖Indexer Oracle
    • 🏬Bitcoin SPV Library
    • 🌎Puzzles and Teleburning Services
  • COMMUNITY
    • ❓FAQ
    • ✈️Roadmap
  • ECOSYSTEM
    • ⚖️Governance
    • 💰Token Economy
    • 🟡MBTC
    • 🤟Algorithmic Stablecoin
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  • Bitcoin Puzzles Transaction
  • Ordinals Teleburning Address
  • API Services
  1. BRC20 ADAPTER

Puzzles and Teleburning Services

Bitcoin Puzzles Transaction

Bitcoin scripts can be puzzles of any sort and they don't actually have to depend on the knowledge of a secret key. Complex scripts are replaced by shorter fingerprints in the transaction output, which allows for smaller transaction and less fees.

Ordinals Teleburning Address

Teleburn addresses can be used to burn assets on other blockchains, leaving behind in the smoking rubble a sort of forwarding address pointing to an inscription on Bitcoin.

Teleburning an asset means something like, "I'm out. Find me on Bitcoin."

Teleburn addresses are derived from inscription IDs. They have no corresponding private key, so assets sent to a teleburn address are burned. Currently, only Ethereum teleburn addresses are supported. Pull requests adding teleburn addresses for other chains are welcome.

API Services

Differing from Ethereum smart contracts that store information and state on the blockchain, BTC-related signature script information requires additional business systems for storage, as does Ordinals. Puzzles and Teleburning services process the relevant data, record it in an off-chain database, and strictly adhere to the rules specified in the BRC-20 documentation.

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Last updated 1 year ago

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