Learn how to develop autonomous marketplaces using ICP (Internet Computer Protocol) as a Bitcoin L2 in this workshop. Bob Bodily Co-founder and CEO of TonicLabs, explores creating a Bitcoin NFT (Ordinal) marketplace on ICP, emphasising how ICP enhances Bitcoin's capabilities. Topics include leveraging Bitcoin primitives, using threshold signing subnets for Bitcoin transactions, and bridging Ordinals and Runes to ICP. Bob also discusses interoperability, the challenges of cross-chain marketplaces, and innovations like hybrid storage models for NFTs. The session provides insights into running AI models on ICP and explores various L2 and metaprotocol solutions.
To hear more from Bob, find him here: twitter.com/BobBodily
About ICP Chain Fusion Educate - Bitcoin Edition:
Master integrating Bitcoin with ICP as an L2 solution. This series prepares you for the upcoming Hackathon by delving into advanced features like Threshold Schnorr & on-chain Bitcoin headers, equipping you to build innovative, Bitcoin-enabled dApps. Sign up here: encode.club/icp-chain-fusion-educate-bitcoin-edition
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Here's what was covered in this session:
- Bitcoin Ordinals and how they work
- Things You Can Build on ICP to Make Bitcoin Better
- Interoperability and Cross-chain Marketplaces
- Protocols and Innovations (BRC20, BitVM, OPCAT)
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Timestamps:
00:00 Introduction to the Workshop
00:27 About Bionic and Its Journey
01:16 Building on ICP and Bitcoin
03:16 Interactive Q&A Session
04:43 AI on ICP
07:36 Understanding Ordinals on Bitcoin
12:23 The Evolution of NFTs on Bitcoin
15:11 Technical Deep Dive into Ordinals
18:08 Hybrid Storage Models and Rare Sats
24:57 Runes vs. Ordinals
32:29 Debating Bitcoin's Purpose
36:19 Understanding Bitcoin L2s
47:37 The Lightning Network Explained
51:58 High Minting Costs of Ordinals
53:39 Conclusion
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About the Internet Computer
The Internet Computer is the world’s first web-speed, internet-scale public blockchain, developed by the DFINITY Foundation. The Internet Computer overcomes the limitations of traditional blockchains and smart contracts for better speed, storage costs, security, and scalability, offering Web2 performance on an infinite Web3 platform. As a 100% trustless network, the Internet Computer is the only public blockchain in the world that offers end-to-end decentralization and uses no centralized cloud nodes. Read more here: internetcomputer.org/
About Encode Club
Encode Club is a global community of top developers, professionals and talented students in Emerging Tech. Through leading educational programmes such as hackathons, bootcamps and accelerators we help you advance your career and work with transformative companies. Read more here: www.encode.club/
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