About
NOTE: The Bitcoin Protocol with Smart Contract Capabilities The NOTE protocol marks a significant advancement in the history of Bitcoin. The NOTE protocol is a digital asset issuance protocol based on Bitcoin's UTXO model, distinct from many recently emerged protocols, as NOTE is genuinely rooted in Bitcoin's UTXO model. It utilizes a smart contract language compatible with Typescript, whose compilation results in Bitcoin native opcodes, enabling a powerful feature set that includes Oracles and zero-knowledge proofs. Unlike protocols such as Ordinals and Atomicals, NOTE also uses an indexer to tally user assets, but it is entirely based on cryptography, secured by Bitcoin miners to ensure asset ownership, thus avoiding misoperations due to indexer tagging. Moreover, NOTE's transaction costs are extremely low, eliminating the need to send two transactions as with Ordinals and Atomicals. More importantly, the NOTE protocol supports smart contracts, for instance, enabling Bitwork mining and a diminishing mining quantity over time. It employs actual Token values, not based on prime protocols numbered by Satoshi nor dependent on UTXO balance coloring schemes.
