DW20去中心本位币的实现 DW20去中心本位币的实现发表评论 ／ 作者： 祝维沙, 陆铁耕 and 崔啟 ／ 26日 11 月, 2023

来源：雪球App，作者： zws30888，（https://xueqiu.com/9159463240/293957611）

DW20去中心本位币的实现

发表评论 / 作者： 祝维沙, 陆铁耕 and 崔啟 / 26日 11 月, 2023

Commentator / Author: , Land iron cultivation and Choi / 26 November, 2023

——通过BRC20协议完善比特币本位的方法——

- The method of refining Bitcoin by

解密白皮书系列

Decrypted White Paper Series

我们开始陆续发表DW20白皮书和无链白皮书以及高手的评论。加密货币的知识跨度太大，基于自己的学习经验，我们推出一个白皮书系列，作者形形色色，角度各不相同，相信总有一款适合你。DW20白皮书有五个版本，无链白皮书有两个版本，适用不同的读者。

We started publishing the DW20 white paper and the unchained white paper, as well as the good reviews. The knowledge of encrypted money is too wide, and based on our own learning experience, we launched a series of white papers with a variety of authors and different angles, believing that there's always one for you. The DW20 white paper has five versions, and the unchained white paper has two versions and applies different readers.

作者：祝维沙、陆铁耕、崔啟

Author: To Wisha, Land and Iron Farm, Choi Qing.

鸣谢：唐万川、张海、Ray Yang、时光荣、俢悟、卢波、Miles、任雷鹏、何冰、李鹏谊、胡向洋、周海波

Tribute: Tang Wanchuan, Zhang Hai, Ray Yang, Time Ring, Kiku, Lupo, Miles, Ren Le Peng, Ho Bing, Li Peng Soo, Hu to the Ocean, Zhou Haibo

目录

Catalogue

· 第一章DW20去中心本位币的实现逻辑

· Chapter I of > the logic of ow20 going to the Centre's local currency

· 简介

. Introduction

· 1. DW20本位币方案综述

1. Overview of the DW20 currency option

· 1.1 DW20继承了加密货币的思想和技术成果

> 1.1 DW20 inherited the intellectual and technological gains of encrypted currency

· 1.2 DW20方案特色总结

. 1.2 Summary of Programme Characteristics for DW20

· 2. BRC20与小额支付

2.

· 2.1 受BRC20的启发

2.1 inspired by

· 2.2 利用BRC20协议实现无链平台小额支付

.2.2 Make small payments to unchained platforms using BRC20

· 2.3 起名DW20作为小额支付代币的原因

2.3 First name DW20 as the reason for small currency payments

· 3. 发行DW20

3. Issuance of DW20

· 3.1 发行DW20的原因

> 3.1 Reason for issue of DW20

· 3.2 发行对象

> 3.2 Issued to

· 3.3 发行DW20的说明

3.3 Notes for the release of DW20

· 3.4 发行方式

. 3.4 Issued by

· 3.4.1发行方式一

. 3.4.1 Issued as

· 3.4.2比特币地址的作用

. 3.4.2 Bitcoin address

· 3.4.3 持币人数的比例

3.4.3 Proportion of currency holdings

· 3.4.4 发行方式二

> 3.4.4 Issued in mode II

· 3.5 现在的稳定币都不是本位币

3.5 The current steady currency is not a local currency

· 4. DW20的铸币和分配

4. Decoration and distribution of DW20

· 5.DW20的定价原理

5. DW20 pricing

· 5.1 DW20的定价机制

5.1 DW20 pricing mechanism

· 5.2 分阶段预测DW20的价格

5.2 Phased projection of DW20 prices

· 6. DW20的稳定原理

. 6. The principle of stability of DW20

· 6.1 第一阶段的稳定基金作用

6.1 The role of the Stabilization Fund for Phase I

· 6.1.1稳定基金决定DW20的上涨

6.1.1 Stabilization Fund decides to increase DW20

· 6.1.2稳定基金的做市配合

6.1.2 Municipal cooperation of the Stabilization Fund

· 6.2 第二阶段抵押比特币做市

6.2 Second stage mortgage for Bitcoin

· 6.3 第三阶段比特币本位的标尺

6.3 Phase III Bitcoin local ruler

· 7. DW20的价值分析

7. DW20 value analysis

· 7.1 作为模因币的价值

. 7.1 Value as monetizer

· 7.2 历史证明的价值

7.2 Value proven by history

· 7.3盘活比特币交易系统中零钱的残值

residual value of petty cash in the Bitcoin trading system

· 7.4 首创价值

7.4 Initiation value

· 7.5 依靠比特币构成本位币

7.5 Dependence on bitcoin to form local currency

· 7.5.1 通过无链平台提供支持环境

7.5.1 Support environment through non-chained platforms

· 7.5.2 依靠市场调节的本位币

7.5.2 Local currency dependent on market regulation

· 7.6 DW20的几个价值特点

7.6 Several value features of DW20

· 8. 实现DW20的技术和金融特点

8. Realization of the technical and financial characteristics of DW20

· 8.1 给比特币配上智能合约

. 8.1 A smart contract for Bitcoin

· 8.2 DW20的金融特点

. 8.2 DW20 financial characteristics

· 8.2.1铺底资金的作用和资金池的维持

8.2.1 Role of the laying-out fund and the maintenance of the pool

· 8.2.2 需要铺底资金是DW20的性质决定的

8.2.2 Need to decipher funds is determined by the nature of DW20

· 8.2.3 资金池问题的探索

8.2.3 Exploration of the Pool of Funds

· 8.2.4 抗脆弱性攻击

8.2.4 Resisting vulnerability attacks

· 8.3 DW20的调节原理

8.3 DW20 reconciliation

· 8.3.1 流动性消耗

8.3.1 Liquidity consumption

· 8.3.2 流动性注入

8.3.2 Liquidity injection

· 8.3.3收紧流动性

. 8.3.3 Tight mobility

· 9. 未来开放金融平台的交易代币

. 9. Exchange tokens for future open financial platforms

· 第二章DW20去中心本位币的系统功能实现

· Chapter II > ww20 to achieve

· 1. DW20本位币是无链平台的基本功能之一

1. DW20 is one of the basic functions of the unchained platform

· 1.1 无链平台的由来

. 1.1 Origin of unchained platforms

· 1.2 无链系统的特色简介

.1.2 Feature profiles of unchained systems

· 2. 获取DW20的方法

2. How to get DW20

· 2.1 空投

2.1 Airdrop

· 2.2 抵押比特币发行和解除抵押程序

.2.2 Mortgage of Bitcoin issuance and release of collateral

· 2.3 获取奖励

. 2.3 Obtaining incentives

· 2.4 市场购买

2.4 Market purchases

· 第三章DW20代币投放和稳定的方法

· Chapter III > the method of placement and stability of DW20

· 1. 综述

1. Overview

· 1.1 无链平台和应用项目共振

1.1 Linkless platform and application project resonance

· 1.2 DW20的初始估值和基本参数

. 1.2 DW20 initial valuation and basic parameters

· 1.3 5000万比特币地址的空投

Airdrop at 130 million bitcoin address

· 1.4 5000万比特币地址之后的空投

Airdrops after the address of of <150 million bitcoins. ]

· 1.5 发行不及预期怎么办？

.1.5 What if it's not released as expected?

· 2. DW20的价值

2. Value of DW20

· 2.1 DW20的特点

: 2.1 Characteristics of DW20

· 2.2 DW20的价值叙事

. 2.2 DW20 value narrative

· 3. DW20的分配

3. Allocation of DW20

· 4. 锁仓机制

4. Lock-up mechanism

· 4.1 锁定时间的确定

4.1 Determination of lock time

· 4.2 锁仓的释放

4.2 Release from lockdown

· 5. 空投币的分配

. 5. Allocation of air drops

· 5.1 空投得币数的确定

5.1 Determination of the number of air-delivered currencies

· 5.2用户（地址）周期和周期用户的确定

5.2 User (address) cycle and cycle user determination

· 5.3 用户增量的确定

5.3 Determination of user increment

· 5.4 币当期发行模型（不含币价调节机制影响）

5.4 Current currency issuance model (without effect of currency adjustment mechanism)

· 5.5 新增用户得币量

5.5 Additional users

· 5.6 用户总价值 Vx 的确定

5.6 Determination of total user value Vx

· 5.7 按用户价值计算的币价P

5.7 Currency P at user value

· 6. 流通模型（有币价调节时的模型）

6. Circulation models (models with currency reconciliations)

· 7. 标准模型

7. Standard model

· 8. 发币模型的确定方法

. 8. Determination of the currency distribution model

· 9. 为什么模因币会成为稳定币

. 9. Why do memes become stable

· 9.1 比特币给我们的启发

9.1 Bitcoin inspires us

· 9.1.1 写好一个白皮书和避免过度监管

9.1.1 Writing a white paper and avoiding excessive regulation

· 9.1.2 比特币为什么有价值

9.1.2 Why is Bitcoin of Value

· 9.2 模因币做不大的原因

9.2 Models for minor reasons

· 9.3 算法稳定币Luna-UST的经验和教训

9.3 The experience and lessons of algorithmic stabilization of the currency Luna-UST

· 9.4 Fcoin的经验和教训

9.4 Experiences and lessons learned by Fcoin

· 9.5 从模因币到稳定币的方法

9.5 Methods from monetized to stable currency

· 10. 系统本身不盈利是比特币分布式系统的核心概念

10. Non-profit system per se is the core concept of the Bitcoin distribution system

· 第四章 比特币本位与DW20的前景分析

....................................................................................................................

· 1. 比特币的风险

1. Bitcoin Risk

· 1.1 碳排放

- 1.1 Carbon emissions

· 1.2 量子攻击

1.2 Quantum attack

· 1.3 人造物

1.3 Artificial

· 1.4 还有什么问题

1.4 Any questions

· 2. DW20的风险

2. DW20 Risk

· 2.1 DW20的实控人风险

> 2.1 DW20 real-time human risk

· 2.2 技术风险

.2.2 Technological risks

· 2.3 产品风险

2.3 Product risk

· 2.4法律风险

. 2.4 Legal risk

· 3. 竞争风险

3. Competition risks

· 3.1 一个比特币等于一个比特币吗？

. 3.1 A bitcoin equals a bitcoin?

· 3.2 与黄金的竞争

3.2 Competition with gold

· 3.3 与比特币美元本位的竞争

3.3 Competition with United States dollar-based Bitcoin

· 3.4 与比特币港币本位的竞争

3.4 Competition with local Bitcoin currency

· 3.5 和以太坊系统的竞争

3.5 and the Etherno system

· 3.6 和DAI的竞争

3.6 and DAI

· 结束语

. Concluding remarks

第一章 DW20去中心本位币的实现逻辑

简介

Introduction

DW20去中心本位币，它不同于加密货币中的各类稳定币。它的定价机制和美元类似，即采用的是市场定价的机制。这是各种本位币比如美元、欧元等采用的定价方式。

DW20 goes to the Centre’s local currency, which is different from the various stable currencies in the encrypted currency. Its pricing mechanism is similar to that of the United States dollar, i.e. market pricing. This is the price formula used for various local currencies, such as the United States dollar, the euro, etc.

DW20没有一个类似于美联储的发行主体，与比特币的发行方式一样是分布式发行。因而需要像比特币一样，需要有共识逐步成长的过程。

DW20 does not have a major issuer similar to that of the Fed, which is distributed in a distributed manner, as in Bitcoin. This requires, like Bitcoin, a process of consensus-building.

DW20去中心本位币的设计参考了美元、比特币、法币稳定币、算法稳定币和抵押稳定币的发行原理和方法，既吸收了他们的优点，也改进了它们的不足。目前加密货币领域发行的稳定币都不具备成为本位币的条件，DW20具备成为本位币的条件。

DW20’s design to go to the centre’s local currency is based on the principles and methods of issuing dollars, bitcoins, French currency stability, algorithmic stability and mortgage stability currencies, which both absorb their advantages and improve their shortcomings. No stable currency is currently issued in the crypto-currency field, and DW20 is required to become local currency.

成为本位币是我们的追求，也是以中本聪为代表的加密货币精英们的追求。有一天去中心本位币DW20成为本位币，它承载了加密货币行业全体参与者的努力和梦想。我们能作为最后一个补缺的人，感到十分荣幸。

Being a local currency is our quest, as well as that of the encoded currency elite, represented by China’s native tongue. One day, the central currency DW20 became a local currency, carrying the efforts and dreams of all those involved in the crypto-currency industry.

与中本聪最重要的不同是团队成员的身份选择了公开。其实“公开”是比特币展示的最核心的理念。必须强调说明匿名不是比特币最核心的理念；“隐私不是秘密”，隐私的实质是“匿名系统允许个体披露他们的身份”。对此看过埃里克·休斯“密码朋克宣言”就知道了。否则中本聪不会因为“所有交易必须公开发布”这一句话，就把该引文放在比特币白皮书的第一篇。我们相信DW20本位币从任何角度看都不会被认为是证券，我们不需要匿名。公开是一种责任，公开是一种担当。当某人具有公共责任时，公开是一种必须。能公开即应公开，不公开是一种耻辱，匿名是一种无奈。

The most important difference is that the identity of the members of the team is made public. Indeed, “public” is the most central idea displayed by Bitcoin. It must be emphasized that it is not the most central idea of Bitcoin; “privacy” is not secret; the essence of privacy is that “anonymous systems allow individuals to reveal their identities.” See Eric Hughes' “code punk declaration” here.

在前人的基础上，我们设计了无链平台，这是一个透明中心化的平台，体现了“公开”的中本聪思想，也体现了加密货币的思想和技术成果。包括隐私权分级和隐私决定权在用户的思想。通过该平台，我们利用BRC20协议和无链平台的智能程序（智能合约）发行一种去中心本位币DW20，它将作为无链透明中心化平台的智能程序应用的示范例子，这也是无链系统的基础应用（注：有关无链平台参见无链白皮书）。

On the basis of our predecessors, we designed the non-chained platform, which is a central platform for transparency, embodying both the “open” idea of medium-breathing and the technological achievements of crypto-currency. This includes the idea that privacy levels and privacy decisions are in the minds of users. Through the platform, we use 20 platform, which will serve as a model for the application of smart processes in the non-chained and transparent central platform, which is also the basis for the application of the chainless system (notes on the non-chained platform see white paper on non-chained).

本方案是我们比特币美元（港币）本位(chainless.hk)思路的另一种方案，是利用分布式思想实现比特币本位的另类方法。它的思想和原方案一致，改进点是可以不依靠政府，不依靠中本聪，也不需要任何发行中心。我们相信，在比特币发明之后，分布式DW20本位币的诞生，使比特币本位将可能成为业界的第二个现象级热点。

This is another way of thinking about our bitcoin (port currency) locale (chainlesss.hk), which is an alternative way of using distributed ideas to achieve bitcoin’s locale. The idea and the original approach are consistent with the idea that it can be improved by not relying on the government, not on the middle sense, or on any distribution centre. We believe that, after Bitcoin’s invention, the distributed DW20 locale will be born, making Bitcoin’s primary the second highest phenomenon in the industry.

本方案是一个发明，一共四篇。第一章是DW20去中心本位币的实现逻辑，因此最为重要。第二章是功能描述，相关功能十分简单和成熟，有关细节描述请参见“无链白皮书”。第三章是DW20代币投放和稳定方法，介绍共识价值如何变稳定。第四章是对竞争的展望。读懂第一篇是挑战，因需要横跨加密货币和金融方面的知识，本文并未对所涉及的基础概念进行解释。

This programme is an invention, with four articles. Chapter I is the logic for the realization of the DW20 to the Centre's local currency, so it is of the utmost importance. Chapter II is a functional description. The functions are simple and mature. For details, see “The White Paper without Chains.” Chapter III is a methodology for the placement and stabilization of the DW20 coins, which describes how consensus values can be stabilized. Chapter IV is a competition perspective. Reading the first is a challenge, and the underlying concepts involved are not explained in this paper because of the need to cut across encrypted monetary and financial knowledge.

1. DW20本位币方案综述

1. Overview of the DB20 currency option

1.1 DW20继承了加密货币的思想和技术成果

1.1 DW20 inherited the intellectual and technical results of encrypted currency

中本聪经过15年的金融和技术修炼，采用模仿、修改和创新相结合的方法，设计了对货币信用问题的天才解决方案。他在2009年1月9日的首发说明中提出了三个问题：央行超发货币、商业银行泡沫放贷和小额支付的不便。他为此准备了丰富的脚本指令的空间。从实践看，比特币系统是发行储值货币的最适系统。所谓最适系统是指在具体实现上，用其他技术和方法的效果都不如采用比特币系统更适合。如果一定要用比特币系统解决银行泡沫放贷和替代法币的小额支付，就会令比特币系统添加很多功能，造成系统过于复杂，影响比特币系统的稳定性和安全性。而后的仁人志士为后两个问题的解决贡献了聪明才智和大量的案例，这些贡献加入到了可模仿和修改的内容当中去，也成了人类的财富，供后人创新之用。DW20的出现依然是模仿、修改和创新相结合的成果。

In his first note, dated 9 January 2009, he asked three questions: central bank overpayments, commercial bank bubble lending, and small payments. He prepared ample scope for the script instructions. In practice, the Bitcoins system is the most appropriate system for issuing reserve money.

1.2 DW20方案特色总结

1.2 Summary of special features of the DW20 programme

为了使用户快速获得一个总体印象，本节先陈述结论，后面的章节是对此结论的解释以及相关细节的讨论。

In order to provide users with a quick overview, this section begins with conclusions, followed by an explanation of those conclusions and a discussion of the relevant details.

1. DW20的共识的形成分为三个阶段，价值的发现和共识的形成即模因币阶段；共识的稳定即稳定币阶段；共识的固化即本位币阶段。经过第一阶段即空投阶段后，DW20具有和比特币一样多甚至更多的用户，随应用的扩大，DW20会逐步稳定在1美金左右，在第二阶段DW20的波动逐步缩小。DW20市场自动调节机制比美联储人工机制灵敏，会使得波幅小于美元。对此参见“5.1 DW20的定价机制”。DW20与比特币一起可最终实现比特币本位，DW20成为替代或竞争美元的商品标尺。

The consensus of DW20 is formed in three stages: the discovery of value and the formation of consensus, i.e., the currency phase; the stability of consensus, i.e. the currency stabilization phase; and the consolidation of consensus, i.e. the local currency phase. After the first stage, the air-drop phase, DW20 has as many or more users as Bitcoin, and as the application expands, the DW20 will stabilize gradually at around US$ 1 and the volatility of DW20 will gradually decrease during the second phase. The DW20 market self-regulation mechanism, which is sensitive to the Fed's manual mechanisms, will make the wave smaller than the US dollar. See, for example, the “5.1 DW20 pricing mechanism”, which together with the Bitcoins will eventually achieve the Bitcoin standard, and DW20 will become the commodity rule of substitution or competition for the dollar.

利用共识方式形成本位币，这是对比特币发行思想的模仿和改进。

The use of consensus in the formation of local currencies is an imitation and an improvement of the idea of the issuance of bitcoin.

2. 如将DW20看成一个独立系统的话，它没有主体控制。比特币也是如此。

2. If DW20 is seen as an independent system, it has no subject control. The same is true of Bitcoin.

3. DW20没有维护团队，是无链平台的应用项目。

3. DW20 does not have a maintenance team and is an application for a non-chained platform.

4. DW20有社区决策机制，类似以太坊的社区机制。

4. DW20 has community decision-making mechanisms, similar to those of the Etherms.

5. 空投DW20币作为铺底资金发行，铺底资金的作用类似于银行的资本金，提供了系统的金融安全性，解决系统弹性和早期系统脆弱性问题。铺底资金绝大部分按30个周期发行（详见第三章），同样具有比特币“越早参与，越有优势”的特点。

Airdrops of DW20 are issued as hedge funds similar to bank capital, providing systemic financial security and addressing systemic resilience and early systemic vulnerability. The bulk of the funds are issued on a 30-cycle basis (detailed in chapter III), with the same characteristics of Bitcoin's “early participation, the better”.

6. 铺底资金80%以上归独立个体拥有，因此DW20系统不是传统意义上的银行，与比特币系统一样，DW20系统不是中心；DW20不代表任何系统的价值；DW20只是完善比特币交易媒介和标尺的作用。DW20系统本身并不盈利，DW20作为交易媒介，货币的需求方和供应方通过无链平台交易，平台收取手续费。这是去中间化的过程，去泡沫化的过程，也是中本聪追求的“点对点”的交易。

The DW20 system is therefore not a traditional bank and, like the Bitcoin system, the DW20 system is not central; the DW20 system does not represent the value of any system; the DW20 system is merely a refinement of the role of the Bitcoin trading medium and the ruler. The DW20 system is not profit-making. The DW20 system is not a trading medium, and the demand and suppliers of money trade through a non-chained platform, and the platform collects fees.

7. 设计了稳定基金，组成做市基金。做市商是外聘的。做市商虽有收益，但是不拥有稳定增长基金，稳定基金由广大持币者拥有。做市基金和运作的目标是使DW20稳定地逐步成长，完成到稳定币的过渡。过渡完成之后的处理遵照社区提案进行。

7. The purpose of the stabilization fund is to enable the DW20 to grow steadily and complete the transition to a stable currency.

8. 比特币的抵押者也是DW20的发行者，是DW20系统金融稳定的维护者，也是DW20系统的获利者。获利来源于平衡DW20需求的增长。

The collateral for Bitcoin is also the issuer of DW20, the custodian of the financial stability of the DW20 system and the beneficiary of the DW20 system. The profit is derived from balancing the growth in demand for DW20.

9. DW20不与任何国家经济挂钩。比特币也是如此。因此对应经济价值的度量，DW20也是客观的。尺子之所以存在，在于它与被度量物无关。黄金与经济无关，而法币有关。

9. DW20 is not linked to any national economy. The same is true of Bitcoin. The measure of economic value is therefore objective. The ruler exists because it has nothing to do with the measure. Gold has nothing to do with the economy, but with French currency.

10. 除了以上DW20的特点，它发行后被导入到无链平台，一个高安全流通和结算平台。通过无链平台，可把当前所有区块链单签钱包变成多签多备份钱包。并可采用无链设定的继承程序，使得个人资产的安全程度超过了现在的银行。钱包完全由个人控制。

10. In addition to the characteristics of the above-mentioned DW20, it is imported into a non-chained platform, a high-security flow and settlement platform. Through a non-chained platform, the current wallets of all block chain signs can be converted into multiple multiples.

11. 加密货币的系统运行没有系统管理费，无链平台保留了这个特点。无链系统运行管理成本极低，收费低于银行。当DW20成为稳定币后，在无链平台上，少于1个DW20的转账不收费，速度与中心化支付系统相当，解决了中本聪首发说明中提出的小额支付问题。

11. There is no system administration fee for the operation of the encrypted currency, which is retained by the non-chained platform. The cost of running the unchained system is extremely low and charges are lower than those of banks. When DW20 becomes a stable currency, less than one DW20 transfer on the unchained platform is free of charge and at a rate comparable to that of a centralized payment system, resolving the small payment issue raised in the central headline note.

12. 无链平台是比特币系统的二层，给比特币系统增加了生态价值，使得比特币除了具有储值价值外，比特币系统也有了生态价值。DW20和比特币系统与无链系统一起，将构成完整的比特币本位金融系统。这个价值必然反映在比特币价格之上。详细讨论见“8.2.3资金池问题的探索”

The non-chained platform is the second tier of the bitcoin system, adding ecological value to the bitcoin system, making the bitcoin system ecologically valuable in addition to its storage value. The DW20 and bitcoin systems, together with the non-chained system, will constitute the complete Bitcoin local financial system. This value will necessarily be reflected in the Bitcoin price. See “Exploring the 8.2.3 Pool” for a detailed discussion.

熟悉比特币的人士看到上述方案会感到似曾相识。下面我们会详细解释该方案。

People familiar with Bitcoin will feel familiar with the program. We will explain the program in detail below.

2. BRC20与小额支付

2.

2.1 受BRC20的启发

2.1 Inspired by

BRC20是比特币系统上发行的同质化代币的格式标准，由@domodata在推特上于2023年3月8日基于Ordinal 协议匿名创建。类似于以太坊的 ERC20 标准，它规定了发行代币的名称、发行量、转账等功能。在发布 BRC20 标准的同时，@domodata推出了首个BRC20实验代币ordi，发行总量为2100万。ordi代币是用BRC20协议在比特币系统发行的模因币，这一创新引起了市场的关注。但是，模因币没有价值支撑，热闹一段就会过去。我们需要有实际用途的BRC20代币。

20 is the format standard for homogenous coins published on the Bitcoin system, created anonymously on Twitter on 8 March 2023 by agreement, which sets out the name, issue, transfer, etc. http://xueqiu.n/domodata on 8 March 20 March 20 November.

直接将BRC20生成的内容存放在比特币系统中会有很大争议，比特币的价格下跌反映了市场的看法。但是BRC20通过隔离见证打开了比特币系统作为信用根的想象，这是以太坊生态系统的功能。BRC20的火爆也反映了市场的情绪，以太坊升级后的安全性还没有经过长时间的考验，而比特币系统却经过了长期的考验，这促使追求更安全的项目团队，转向了比特币系统。比特币系统作为可靠的信用根，通过哈希值的存放，为二层账本和NFT的真实性提供了机器信用确权，展现了无限的想象力。无链系统就是这样的二层。

The price of

无链系统是一个透明中心化平台，配有多签多备份钱包和智能程序（参见无链白皮书）。

The non-chained system is a central platform for transparency, with multiple signed multi-back wallets and smart programs (see the unchained white paper).

无链系统的多签多备份钱包是用户自己控制的简单集群系统，它可无限扩展，具有中心化的易用性，并具有隐私的自定义能力。它有一个十分有意义的功能，即，可把当前所有区块链单签钱包变成多签多备份钱包。配合它设定的继承程序，使得个人资产的安全程度超过了现在的银行。

The multi-signer and multi-back wallets of the unchained system are simple, user-controlled clusters that can be expanded indefinitely, have centralized ease of use, and have a private self-defined capability. It has a very meaningful function, namely, to turn all of the current block-link wallets into multiple-signed and multi-backed wallets. Complementing the succession process it sets out makes personal assets more secure than current banks.

而智能程序更比智能合约灵活和强大，现行的智能合约的移植十分容易。无链系统是一个透明中心化平台，是BRC20代币发行的最佳配合平台，使得BRC20项目可以配上智能合约，并且功能更为强大。智能合约的用户和无链平台产生复用效应，DW20的用户也是无链的用户，对于引流到无链平台的客户，同样无链系统也送币。这就是共振效应，是加密货币所有的公链都做不到的。

Smart programs are much more flexible and powerful than smart contracts, and it is easier to transplant existing smart contracts. Unchained systems are a central platform for transparency. They are

2.2 利用BRC20协议实现小额支付

2.2 Making small payments using BRC20

小额支付只能收取很少的手续费，因此并不适合在比特币一层结算，而应在二层结算。而无链系统就是一个透明中心化的支付平台（参见无链系统白皮书），它通过BRC20协议，利用比特币隔离见证的空间，以及经过考验的POW共识的可靠性，将二层无链系统流水账本的哈希值上传，账本可用谷歌浏览器查询。使得单方记账的系统有了比特币系统的信用。BRC20的出现，使得无链小额支付和比特币系统密切联系起来了，这会提升比特币的价值。

Small payments can only be made at minimal fees, and therefore should not be settled at the Bitcoin level, but on the second floor. And the non-chained system is a central and transparent payment platform (see White Paper on the Unchained System), which, through crass="xq_stock" 20, uses Bitcoin to isolate the space of the witness and the reliability of the tested Pow consensus, has passed on the Hashi values of the two-tier unchained system, which can be used for

将比特币用于小额支付是中本聪在2009年1月9日首发说明中为比特币所做的任务之一，也是比特币还没有解决的痛点问题之一。

The use of Bitcoin for small payments was one of the tasks that Nakamoto did for Bitcoin in his initial note of 9 January 2009 and one of the painful issues that Bitcoin had yet to resolve.

2.3 起名DW20作为小额支付代币的原因

2.3 First name DW20 as the reason for small payment of tokens

为了致敬比特币！为了致敬中本聪！

In honour of Bitcoin!

我们选用了DW20的原因是：DW是戴维拼音的缩写，含义代表戴维（DAI WEI）；也代表我们的研究实力和风格，不是简单的用Satoshi、Sat来表示代币，而是深度思考直击问题的本质。戴维是中本聪的本尊，也是比特币系统的唯一原创者。对此请参见祝维沙《请出中本聪 迎接新世界》一文。文中提出了很多重要的论断，并论述了中本聪就是戴维的鲜明观点。说戴维是中本聪这里给一个小例子。根据比特币数字定义的习惯，2100万个比特币是以万为计量单位的，而一亿聪等于一个比特币是以亿作为计量单位。“万”和“亿”不是英式的计量单位，这是中式的计量习惯。冥冥之中自有天意，比特币、聪的进位总使人感到进位跨度太大，中间加一个万位就和中国的计量习惯对上了。这样，比特币、匿名者、聪是一个链条，找出了匿名者戴维，链条成为比特币、戴维、聪，计量单位就圆满了，比特币代表了真人戴维和匿名中本聪的历史也就圆满了。加上DW20后，从聪到比特币非常符合中国人的万进位计量顺序。Satoshi到DW20是万进位，1万个Satoshi等于一个DW20，1万个DW20等于一个BTC，也是万进位。

The reason why we have chosen DW20 is that the DW is the acronym of David's spelling, meaning David's point of view. It also represents our research strength and style, not simply Satoshi, Sat, but the essence of the question of direct thinking. David is the center-bone and the only founder of the Bitcoin system. For this see Visha, “Let's get out of the middle-bone” and “Bone-bone” and “Bone-Bone” is not an English-style measurement. It says that the middle-blog is David's clear view. David is a small example of what the middle-bones give here. According to the Bitcoin definition, 21 million bitcoins are measured in 10,000 units, and 100 million bits of bitcoins are measured in millions of units, while one bitcoins is measured in billions of dollars.

戴维（DAI WEI）具有唯一性，他和比特币关联密切，具有很好的识别性和纪念意义，使得同类模仿者很难再被市场认同。就如BRC20很容易让行内人联想到ERC20一样，DW20很容易让人们想到是BRC20协议的代币。随着协议的增多，20有了特殊的含义。

The uniqueness of David, who is closely connected to Bitcoin, is well identifiable and commemorative, making it difficult for similar imitators to be recognized by the market again. Like

3. 发行DW20

3. 3. Issuance of DW20

3.1 发行DW20的原因

3.1 Reasons for the issuance of DW20

网页链接