AVM (Atomicals)
Crypto Overview
Purpose and Utility
Atomicals (AVM) is a decentralized protocol launched in 2023 that enables the creation and transfer of digital artifacts on the Bitcoin blockchain. It introduces a novel concept of 'atomicals' - digital assets that can represent various forms of value, including fungible tokens, NFTs, and other digital artifacts.
Business Model and Technology
The protocol operates directly on the Bitcoin network, utilizing Bitcoin's security and decentralization while enabling additional functionality through its unique implementation. The technology allows users to mint, transfer, and trade digital assets without requiring a separate blockchain.
Current Usage and Adoption
The protocol has gained attention within the Bitcoin ecosystem for its innovative approach to digital asset creation on Bitcoin. While still in its early stages, it has attracted a community of developers and users interested in expanding Bitcoin's capabilities beyond simple value transfer.
Development Activity
The project maintains active development with regular updates to its protocol and tools. The development team has focused on creating infrastructure for minting and managing digital assets on Bitcoin.
Token Distribution and Governance
AVM operates on a fair launch model with no pre-mine or initial coin offering, aligning with decentralization principles. The protocol's design emphasizes open participation and equal access for all users.
Crypto Impact
To assign a comfort level investing in AVM (Atomicals) from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to AVM (Atomicals).
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
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