Cy[bord] (CBRC-20)

Cy[bord] is a cutting-edge project that introduces the CBRC-20 protocol, a metaprotocol standard designed for fungible tokens on Bitcoin via Ordinals. The primary purpose of Cy[bord] is to enhance the efficiency of token protocols by utilizing new metadata features that reduce inscription costs and streamline the indexing process.

Cy[bord] leverages the CBRC-20 protocol to enable fungible tokens on Bitcoin using Ordinals. By harnessing new metadata and metaprotocol fields from ord 0.10+, it stores arbitrary properties directly in the Inscription envelope, making transactions more efficient and reducing both inscription costs and indexing complexity.

The CBRC-20 protocol offers several advantages over the BRC-20, including reduced costs for each inscription and a simplified indexing process. It provides an efficient metaprotocol by retaining the BRC-20's core logic while enhancing data storage capabilities, making it a superior solution for managing fungible tokens on Bitcoin.

The BORD token is the first token released under the CBRC-20 protocol. It serves as a practical implementation to showcase the protocol's capabilities, demonstrating how efficient metadata and metaprotocol fields can manage arbitrary properties and streamline processes for fungible tokens on the Bitcoin network.

Cy[bord] is important for the cryptocurrency industry as it introduces a more efficient and cost-effective way to handle fungible tokens on Bitcoin, the world's first and largest blockchain. By enhancing the functionality of existing protocols, Cy[bord]'s CBRC-20 offers innovation in scalability, efficiency, and data management.

Cy[bord] addresses common issues such as high inscription costs and complex indexing processes associated with earlier token protocols on Bitcoin. By utilizing advanced metadata capabilities in Ordinals, the CBRC-20 protocol streamlines these aspects, offering a more cost-effective and efficient solution for fungible token management on the Bitcoin network.