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Bitcoinitip Technical White Paper
A dual offline payment protocol for BRC20 tokens based on improved hash time-locked contracts (HTLC) and partially signed Bitcoin transactions (PSBT)
Abstract
This white paper proposes a technical protocol called Bitcoin-itip, aimed at achieving peer-to-peer value transfer of BRC20 tokens in a completely offline environment. This protocol constructs a secure, verifiable dual offline payment layer ultimately settled by the Bitcoin mainnet by combining an improved hash time-locked contract (HTLC) of Bitcoin's native script, partially signed Bitcoin transactions (PSBT) architecture, and a state commitment mechanism based on the BRC20 indexer. The solution does not rely on any centralized server or sidechain, strictly adheres to the security assumptions of the Bitcoin network and the BRC20 protocol specifications, providing an innovative solution for the circulation of digital assets in scenarios with no network, weak network, or high latency.
Abstract
This white paper proposes a technical protocol called Bitcoin-itip, aimed at achieving peer-to-peer value transfer of BRC20 tokens in a completely offline environment. This protocol constructs a secure, verifiable dual offline payment layer ultimately settled by the Bitcoin mainnet by combining an improved hash time-locked contract (HTLC) of Bitcoin's native script, partially signed Bitcoin transactions (PSBT) architecture, and a state commitment mechanism based on the BRC20 indexer. The solution does not rely on any centralized server or sidechain, strictly adheres to the security assumptions of the Bitcoin network and the BRC20 protocol specifications, providing an innovative solution for the circulation of digital assets in scenarios with no network, weak network, or high latency.
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Bitcoinitip Technical White Paper
A dual offline payment protocol for BRC20 tokens based on improved hash time-locked contracts (HTLC) and partially signed Bitcoin transactions (PSBT)
Abstract
This white paper proposes a technical protocol called Bitcoin-itip, aimed at achieving peer-to-peer value transfer of BRC20 tokens in a completely offline environment. This protocol constructs a secure, verifiable dual offline payment layer ultimately settled by the Bitcoin mainnet by combining an improved hash time-locked contract (HTLC) of Bitcoin's native script, partially signed Bitcoin transactions (PSBT) architecture, and a state commitment mechanism based on the BRC20 indexer. The solution does not rely on any centralized server or sidechain, strictly adheres to the security assumptions of the Bitcoin network and the BRC20 protocol specifications, providing an innovative solution for the circulation of digital assets in scenarios with no network, weak network, or high latency.
Abstract
This white paper proposes a technical protocol called Bitcoin-itip, aimed at achieving peer-to-peer value transfer of BRC20 tokens in a completely offline environment. This protocol constructs a secure, verifiable dual offline payment layer ultimately settled by the Bitcoin mainnet by combining an improved hash time-locked contract (HTLC) of Bitcoin's native script, partially signed Bitcoin transactions (PSBT) architecture, and a state commitment mechanism based on the BRC20 indexer. The solution does not rely on any centralized server or sidechain, strictly adheres to the security assumptions of the Bitcoin network and the BRC20 protocol specifications, providing an innovative solution for the circulation of digital assets in scenarios with no network, weak network, or high latency.
After missing out on 500 million, he crazily released 359 tokens: An obsession and abyss of a cryptocurrency myth
Igniting the fuse: That night, he personally ignited 500 million dollars worth of fireworks
On October 4, 2025, a meme coin named "#币安人生 " quietly launched on the BNB chain.
$BNB $ Binance Life
No one knew that this seemingly ordinary token would trigger a storm sweeping through the Chinese crypto world just hours later. Its creator—address 0x8463...6533—like usual, after deploying the contract and buying initial chips, cleared out in two transactions within 20 seconds.
Account balance shows: +4000 dollars.
"Another quick buck," he might have thought, closing the trading interface. He had no idea that he had just shut the door to billions of wealth.
Hours later, "Binance Life" skyrocketed like a rocket, with a market cap soaring to 500 million dollars and a daily trading volume reaching 410 million dollars. Countless people achieved financial freedom in this frenzy, and the community was filled with legends of "getting rich overnight."
And that man who should have stood at the pinnacle of wealth only took a bottle of mineral water, leaving behind a seaside villa.
Igniting the fuse: That night, he personally ignited 500 million dollars worth of fireworks
On October 4, 2025, a meme coin named "#币安人生 " quietly launched on the BNB chain.
$BNB $ Binance Life
No one knew that this seemingly ordinary token would trigger a storm sweeping through the Chinese crypto world just hours later. Its creator—address 0x8463...6533—like usual, after deploying the contract and buying initial chips, cleared out in two transactions within 20 seconds.
Account balance shows: +4000 dollars.
"Another quick buck," he might have thought, closing the trading interface. He had no idea that he had just shut the door to billions of wealth.
Hours later, "Binance Life" skyrocketed like a rocket, with a market cap soaring to 500 million dollars and a daily trading volume reaching 410 million dollars. Countless people achieved financial freedom in this frenzy, and the community was filled with legends of "getting rich overnight."
And that man who should have stood at the pinnacle of wealth only took a bottle of mineral water, leaving behind a seaside villa.
Please help forward this
Bitcoinitip Technical White Paper
A dual offline payment protocol for BRC20 tokens based on improved hash time-locked contracts (HTLC) and partially signed Bitcoin transactions (PSBT)
Abstract
This white paper proposes a technical protocol called Bitcoin-itip, aimed at achieving peer-to-peer value transfer of BRC20 tokens in a completely offline environment. This protocol constructs a secure, verifiable dual offline payment layer ultimately settled by the Bitcoin mainnet by combining an improved hash time-locked contract (HTLC) of Bitcoin's native script, partially signed Bitcoin transactions (PSBT) architecture, and a state commitment mechanism based on the BRC20 indexer. The solution does not rely on any centralized server or sidechain, strictly adheres to the security assumptions of the Bitcoin network and the BRC20 protocol specifications, providing an innovative solution for the circulation of digital assets in scenarios with no network, weak network, or high latency.
Abstract
This white paper proposes a technical protocol called Bitcoin-itip, aimed at achieving peer-to-peer value transfer of BRC20 tokens in a completely offline environment. This protocol constructs a secure, verifiable dual offline payment layer ultimately settled by the Bitcoin mainnet by combining an improved hash time-locked contract (HTLC) of Bitcoin's native script, partially signed Bitcoin transactions (PSBT) architecture, and a state commitment mechanism based on the BRC20 indexer. The solution does not rely on any centralized server or sidechain, strictly adheres to the security assumptions of the Bitcoin network and the BRC20 protocol specifications, providing an innovative solution for the circulation of digital assets in scenarios with no network, weak network, or high latency.
Bitcoinitip Technical White Paper
A dual offline payment protocol for BRC20 tokens based on improved hash time-locked contracts (HTLC) and partially signed Bitcoin transactions (PSBT)
Abstract
This white paper proposes a technical protocol called Bitcoin-itip, aimed at achieving peer-to-peer value transfer of BRC20 tokens in a completely offline environment. This protocol constructs a secure, verifiable dual offline payment layer ultimately settled by the Bitcoin mainnet by combining an improved hash time-locked contract (HTLC) of Bitcoin's native script, partially signed Bitcoin transactions (PSBT) architecture, and a state commitment mechanism based on the BRC20 indexer. The solution does not rely on any centralized server or sidechain, strictly adheres to the security assumptions of the Bitcoin network and the BRC20 protocol specifications, providing an innovative solution for the circulation of digital assets in scenarios with no network, weak network, or high latency.
Abstract
This white paper proposes a technical protocol called Bitcoin-itip, aimed at achieving peer-to-peer value transfer of BRC20 tokens in a completely offline environment. This protocol constructs a secure, verifiable dual offline payment layer ultimately settled by the Bitcoin mainnet by combining an improved hash time-locked contract (HTLC) of Bitcoin's native script, partially signed Bitcoin transactions (PSBT) architecture, and a state commitment mechanism based on the BRC20 indexer. The solution does not rely on any centralized server or sidechain, strictly adheres to the security assumptions of the Bitcoin network and the BRC20 protocol specifications, providing an innovative solution for the circulation of digital assets in scenarios with no network, weak network, or high latency.
1200Mountain Top Station Guard120
I bought three BNBs with $BNB 1285 for TGE. When it reached 1255, I bought three more. I thought I had struck gold. Since then, it has continued to drop. When it hit 840, I foolishly bought two more, thinking I had hit the bottom. Now at 685, I bought one more, but I didn’t expect the price to be 612 now. My cost price has already reached 1100. I am really exhausted. I have lost over thirty thousand.
#加密市场回调 #BTC何时反弹？ #比特赏银itip $BTC
The culprit behind this round of crash has been found!
Speculative bubble burst: the踩踏of leveraged funds
In the early stage, assets like gold, silver, and Bitcoin rose significantly due to expectations of interest rate cuts and speculative trading (for instance, silver has increased by 50.7% since the beginning of the year), but lack fundamental support.
The U.S. Treasury Secretary's statement that "will not rescue cryptocurrency" has punctured the bubble, leading the cryptocurrency market to collapse first (Bitcoin fell more than 6% in a day), with over 210,000 people liquidated, and forced liquidation of leveraged funds exacerbating the decline.
The culprit behind this round of crash has been found!
Speculative bubble burst: the踩踏of leveraged funds
In the early stage, assets like gold, silver, and Bitcoin rose significantly due to expectations of interest rate cuts and speculative trading (for instance, silver has increased by 50.7% since the beginning of the year), but lack fundamental support.
The U.S. Treasury Secretary's statement that "will not rescue cryptocurrency" has punctured the bubble, leading the cryptocurrency market to collapse first (Bitcoin fell more than 6% in a day), with over 210,000 people liquidated, and forced liquidation of leveraged funds exacerbating the decline.
Do not believe rumors, do not spread rumors
Can’t you play now?
Previously, transactions were unprotected, and you could play without anyone caring.
Is it not allowed for you to play now?
Previously, transactions were unprotected, and you could play without anyone caring.
Is it not allowed for you to play now?
#加密市场回调 #资产配置新纪元 #比特赏银itip $BTC
Now, only being 'poor' can truly resist risks. Today, Brother Yi shares the idea of 'not putting all your eggs in one basket', diversifying into 'U.S. stocks, Hong Kong stocks, A-shares, funds, bonds, gold, Bitcoin, and real estate'. Today, his assets have lost value in eight different ways.
Now, only being 'poor' can truly resist risks. Today, Brother Yi shares the idea of 'not putting all your eggs in one basket', diversifying into 'U.S. stocks, Hong Kong stocks, A-shares, funds, bonds, gold, Bitcoin, and real estate'. Today, his assets have lost value in eight different ways.
B
币安人生/USDT
Price
0.1488
The core reason for the global asset crash has been identified
#何时抄底？ #BTC何时反弹？ #加密市场回调 $BTC $USD1 $WLFI
The core reason for the global asset crash is the Fed's expectation turning hawkish, leading to a reversal in market liquidity tightening expectations, compounded by the previous asset speculation bubble burst and the spread of panic, ultimately triggering a chain decline across assets.
1. Policy expectation reversal: Fear of tightening liquidity
Trump's nomination of hawkish Kevin Warsh as the new Fed chair has led to market expectations of a possible 'rate cut + balance sheet reduction' combination, contrasting sharply with previous easing expectations.
Fed officials have voiced hawkish sentiments, warning of inflation risks, with rate cut expectations falling sharply and rising funding cost expectations causing speculative capital to rapidly withdraw from all assets.
The core reason for the global asset crash is the Fed's expectation turning hawkish, leading to a reversal in market liquidity tightening expectations, compounded by the previous asset speculation bubble burst and the spread of panic, ultimately triggering a chain decline across assets.
1. Policy expectation reversal: Fear of tightening liquidity
Trump's nomination of hawkish Kevin Warsh as the new Fed chair has led to market expectations of a possible 'rate cut + balance sheet reduction' combination, contrasting sharply with previous easing expectations.
Fed officials have voiced hawkish sentiments, warning of inflation risks, with rate cut expectations falling sharply and rising funding cost expectations causing speculative capital to rapidly withdraw from all assets.
all in
From this perspective, Yi Lihua is indeed an impressive person.
Born from humble beginnings, he has risen from a poor rural boy to great heights.
Since then, he has been on a roll, breaking free from class constraints.
Speaking of this, let's support Boss Yi with some ETH at $ETH
{future}(ETHUSDT)
Born from humble beginnings, he has risen from a poor rural boy to great heights.
Since then, he has been on a roll, breaking free from class constraints.
Speaking of this, let's support Boss Yi with some ETH at $ETH
{future}(ETHUSDT)
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