STAMPPrice

(STAMP)

Bitcoin STAMPS (Secure Tradeable Art Made Permanent) are a protocol designed to store data, particularly images, immutably on the Bitcoin blockchain. Unlike some NFTs that rely on centralized hosting or prunable data, STAMPS embed base64-formatted image data directly into Bitcoin transaction outputs, ensuring permanence and immutability. This method leverages the Counterparty protocol, chunking data into outputs to prevent it from being pruned from a full node. STAMPs are numbered chronologically based on their transaction timestamp.

SRC-20 is a fungible token protocol built upon the STAMPs protocol. While STAMPS are a protocol for creating NFTs, SRC-20 tokens are a fungible token standard that runs parallel with native Bitcoin on the Bitcoin network. They directly embed transactions on Bitcoin without relying on Counterparty, incurring standard BTC miner fees and ensuring data immutability. Various platforms facilitate the use of SRC-20 tokens.

A key distinction is the permanence of data storage. Bitcoin STAMPS store metadata within multi-signature unspent transaction outputs (UTXOs), which ensures greater permanence compared to Ordinals. Ordinals store metadata in the "witness" segment of a Bitcoin transaction, potentially making it prunable. This method makes STAMPs highly resistant to changes in third-party platforms or protocols, ensuring their long-term immutability.

You can acquire the STAMP token from cryptocurrency exchanges or through certain cryptocurrency wallets. To mint a Bitcoin STAMP, you initiate a transaction on the Bitcoin blockchain, embedding the NFT's metadata directly into the UTXOs. For SRC-20 tokens, you can either mint them or purchase them from a marketplace. Specialized wallets are becoming popular for minting. The process typically involves selecting the SRC-20 option, specifying the recipient address, and naming the token you wish to mint.

Like all cryptocurrencies, STAMP is highly volatile and carries significant risk, making it potentially unsuitable for all investors. It is crucial to conduct thorough research into the project's white paper, team background, tokenomics, and the overall market environment before investing. Predicting its future value is impossible due to market volatility and various influencing factors such as government regulations, technological advancements, and market sentiment.

Comprehensive information can be found on reputable cryptocurrency data platforms, offering project overviews. Project-specific websites, block explorers, and community channels (such as Twitter or GitHub) are also valuable resources for understanding the project. For deeper technical insights, documentation, often available on platforms like GitHub, can be consulted to explore the protocol's specifics and development.