比特幣迫在眉睫的威脅：代幣碎片化危害經濟成長和生態系統健康

比特幣中競爭性代幣發行標準的激增對其成長和採用構成了潛在威脅。代幣標準的碎片化可能會阻礙生態系統的兼容性，惡化用戶體驗，並影響錢包提供者、索引者、做市商和開發人員。分析師對由於多種標準而導致用戶體驗下降的預測與對不同標準與基於比特幣安全性的去中心化應用程式和第 2 層協議可能交織在一起的擔憂是一致的。然而，有些人認為這些多個標準可能是互補的，允許使用者選擇最適合自己需求的標準。網路和使用者偏好的演變仍有待觀察，2023 年 Inscriptions 的廣泛採用將影響交易費用和使用者體驗。

Bitcoin's Looming Threat: Fragmentation of Token Standards Imperils Growth and Adoption

比特幣迫在眉睫的威脅：代幣標準的碎片化危及成長和採用

Amidst the anticipation surrounding Bitcoin's impending halving and the influx of interest in spot exchange-traded funds (ETFs), a formidable threat looms over the horizon, potentially impeding the growth and adoption of the world's most secure blockchain network: the fragmentation of token standards.

在人們對比特幣即將減半的預期以及對現貨交易所交易基金（ETF）的興趣湧入的背景下，一個巨大的威脅迫在眉睫，可能會阻礙世界上最安全的區塊鏈網路的發展和採用：代幣標準的碎片化。

The Proliferation of Competing Standards

競爭標準的激增

In a recent analysis, an X analyst has highlighted the alarming proliferation of competing token issuance standards within the Bitcoin ecosystem. Prominent standards such as BRC-20 and Inscriptions are vying for dominance, while the launch of Runes after the halving further intensifies the competition.

在最近的一項分析中，一位 X 分析師強調了比特幣生態系統內競爭性代幣發行標準的驚人擴散。 BRC-20、Inscriptions等主流標準正在爭奪主導地位，而減半後推出的Runes則進一步加劇了競爭。

Token standards, regardless of the underlying network, serve a crucial purpose in ensuring compatibility and promoting ecosystem harmony. They provide a clear set of rules and guidelines that govern token creation and management, enabling developers to build new functionalities and expand use cases.

無論底層網路如何，代幣標準在確保相容性和促進生態系統和諧方面都起著至關重要的作用。它們提供了一套明確的規則和指南來管理代幣創建和管理，使開發人員能夠建立新功能並擴展用例。

The Downside of Diversification

多元化的缺點

However, the current scenario poses a significant challenge as there are no regulations restricting the creation of new token standards. The proliferation of standards hinges solely on the creativity of their creators and the level of community support they garner. This freedom, while initially appealing, can paradoxically lead to fragmentation.

然而，目前的情況提出了重大挑戰，因為沒有任何法規限制新代幣標準的創建。標準的擴散完全取決於其創建者的創造力和他們獲得的社區支持程度。這種自由雖然最初很有吸引力，但可能會導致分裂。

As the analyst forewarns, the multiplicity of token issuance standards could severely degrade user experience (UX). Wallets, indexers, market makers, developers, and other ecosystem participants will bear the brunt of this fragmentation, as they will need to navigate and adapt to multiple standards to fully engage with the Bitcoin network.

正如分析師預先警告的那樣，代幣發行標準的多樣性可能會嚴重降低用戶體驗（UX）。錢包、索引器、做市商、開發者和其他生態系統參與者將首當其沖地承受這種碎片化的影響，因為他們需要導航和適應多種標準才能充分參與比特幣網路。

BRC-20, Inscriptions, and the upcoming Runes, once deployed, will become intertwined with a growing number of decentralized applications (dapps) and even layer-2 protocols. This will further exacerbate the fragmentation issue, as each standard caters to specific use cases and applications.

BRC-20、Inscriptions 和即將推出的 Runes 一旦部署，將與越來越多的去中心化應用程式 (dapp) 甚至第 2 層協定交織在一起。這將進一步加劇碎片問題，因為每個標準都迎合特定的用例和應用程式。

The Other Side of the Argument

爭論的另一面

Despite the concerns raised, others maintain that multiple token standards on Bitcoin do not necessarily lead to fragmentation but rather serve as complementary options, akin to the coexistence of ERC-20 and ERC-721 standards on Ethereum.

儘管提出了擔憂，但其他人堅持認為，比特幣的多種代幣標準並不一定會導致碎片化，而是作為補充選擇，類似於以太坊上 ERC-20 和 ERC-721 標準的共存。

Proponents of this view argue that the absence of a central authority dictating standards allows users to select the standards that best meet their needs. They contend that network effects will ultimately resolve the issue by favoring the most widely adopted standard.

這種觀點的支持者認為，由於缺乏規定標準的中央機構，使用者可以選擇最能滿足其需求的標準。他們認為，網路效應最終將透過支持最廣泛採用的標準來解決問題。

The Future Unfolds

未來已展開

The manner in which Bitcoin's ecosystem evolves in the coming months and how user preferences shape the landscape remain to be seen. In 2023, the widespread adoption of Inscriptions led to elevated transaction fees, adversely impacting user experience.

未來幾個月比特幣生態系統的發展方式以及用戶偏好如何塑造格局仍有待觀察。 2023 年，Inscriptions 的廣泛採用導致交易費用上漲，對使用者體驗產生了不利影響。

As the halving approaches and the launch of Runes draws near, the potential for further fragmentation and its implications for the Bitcoin network intensify. The outcome of this ongoing debate will have far-reaching consequences for the growth, adoption, and overall health of the Bitcoin ecosystem.

隨著減半的臨近和符文的推出日益臨近，進一步碎片化的可能性及其對比特幣網路的影響也在加劇。這場持續辯論的結果將對比特幣生態系統的成長、採用和整體健康產生深遠的影響。