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What is the Note Protocol?

The Note Protocol is the first smart contract solution on Bitcoin. Without making any changes to Bitcoin, it introduces a new era of smart contracts on Bitcoin by combining on-chain asset confirmation and off-chain contract runtime. The protocol uses Bitcoin's native scripting functionality (bytecode Opcodes), an off-chain indexer, the sCrypt high-level programming language, and the BVM virtual machine. It was developed by the team led by Lilong. On February 14, 2024, the first asset token of the protocol, NOTE, was issued, with a total supply of 21 million. The protocol combines fixed bitwork (mining difficulty) with contract logic to control the halving mechanism of mining output in a fair and public manner.

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Disclaimer

All content in this project is for reference only and does not constitute any form of investment advice or legal advice. You assume the risks when using any information or services provided by this project. We are not responsible for any direct or indirect losses resulting from the use of this project. Please read and understand the relevant terms and conditions before use.

The links provided in this project are for the convenience of users, and we are not responsible for the content or accuracy of these external websites. You assume the risks when accessing these links.

All content in this project reflects the personal views of the authors and does not represent the positions of any organization or institution. We reserve the right to modify or delete the content of this project at any time without prior notice.

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