The Trac Network is a blockchain initiative centered on Bitcoin Ordinals, introducing a suite of protocols to enhance the ecosystem’s functionality and governance. Its flagship offering, Trac Core, acts as a decentralized indexer and oracle, allowing governance by $TRAC token holders. This aims to centralize control of the Ordinals protocol, fostering a unified ecosystem for inscriptions.
Additionally, the network is developing the TAP Protocol, described as a multi-asset metaprotocol for Bitcoin Ordinals, with potential applications in DeFi, including staking and liquidity pools. It also features the Pipe Protocol, focusing on art and collectibles using an extended Bitcoin UTXO model.
Governance across these products utilizes a “chained governance” system, where tokens for one protocol can influence decision-making in others. This ecosystem positions $TRAC as the central governance token, with potential airdrop mechanisms for future protocol tokens
Comments