DOGE a comparison and summary of two different inscription versions

Currently DOGE there are inscriptions for two different protocol standards, Doginals and Cardinals, and there are 3 different versions of indexers for DRC20, the data and standards are not common between the different versions, and the indexed DRC20 tokens are not the same. Therefore, in this article, we will list the differences between the different versions to clarify the relationship.

1.Doginals

Doginals was released in February 2023, which is the earliest and closest version to the original standard of BTC ordinals, with the widest user consensus scale, and is supported by old og platforms including Ordinals Wallet, which is the version mainly supported by overseas communities.

Author

Doginals Exchange / Wallet :

DRC20 is the main trading volume and liquidity exchange.

Among them, Dogi is the first DRC20 token deployed on Doginals, with a total supply of 21 million. Deployed on 2023–03–11 09:22:28 UTC,

We found the initial deployment record

Current market capitalization: 33,159,835.22 USD

It is the first exchange to support DNS DOGE domain name trading.

3. doggy

Exchanges that focus on DOGE NFTs

4.Ordinalswallet

BTC the old og of ordinals, an exchange developed for Doginals, providing a reliable and fast trading experience

4. Introduction of popular ecological projects:

4.1 Dogecoin Name Service (DNS)

Yes BTC. SATS The DOGE chain version of the domain name.

/domain

4.2 Dogemap

BTC DOGE version of Bitmap

You can refer to our previous article: Interpreting the development status of the Bitmap ecosystem, the largest metaverse project in the BTC ecosystem

2. DPalwallet / Dogim Ecosystem

DPalwallet Team

As mentioned earlier, the first token of Doginals is dogi deployed in March, but the wallet has not yet been perfected in early March, and most of the mint at that time are a few geeks who know code, and DOGE the cheap characteristics of gas, some people in the community think that the dogi deployed in March is not decentralized, and the chips may be concentrated in the hands of a small number of people. So on 2023–05–09 15:50:54 UTC, someone redeployed a total of 2.1 billion versions of dogi.

We’ve also indexed the original deployment link:

The DPalwallet team set up an indexer for this dogi, which starts on May 9th to calculate the effective mint, which is used to index the dogim, and claims to filter out the witch mint address (which is also the main difference from the other version).

Later, DPalwallet released the dogex exchange, and in order to distinguish the dogi deployed in March, the name of this version of dogi was changed to dogim on the front-end.

This version of DOGI, with a total amount of 2.1 billion, currently has a market capitalization of about 11035458 USD

Exchange Address:

Github：

However, it should be noted that the risk is, as of the issuance of this article, the open source information of Dogim’s indexer has not been found, and the dogex indexer has the right to judge whether the user’s wallet balance is valid under this mechanism. So at the moment, only the DPalwallet team has the right to account for the dogim token:

3. Cardinals

Cardinals was released in May 2023, and the Cardinals team has made a secondary development of the code on the basis of ordinals, so that Cardinals’ drc20 token can be confirmed in one step, optimized the problem of brc20 wasting UTXO, and released the drc20-swap protocol to implement the swap function.

White:

Unielon has developed Cardinals’ exchange and wallet features.

Address:

Among them, the two coins with the highest market capitalization and liquidity in the Cardinals DRC20 market are unix and cardi

Unix Token: Unielon’s platform token, with a current market cap of 16,947,926.88 USD

Cardi Token: The meme token of the Cardinals protocol, similar to the ordi of BRC20, with a current market cap of 6,341,713.30 USD

Summary

Because DOGE is a fully decentralized community, there is no official foundation and development team. So there is no one to define the doctrine of orthodox unity. The author would like to see reasonable competition between different project teams, just as there are multiple protocol standards on the BTC chain, and each team has the right to propose and run its own protocol standards without doing evil. Market participants are also free to choose projects that match their own ideas. This article is only used as a combing, and does not endorse any agreement, without any investment advice, the inscription track belongs to the early stage, there are many unknown risks, please be clear to readers.