What is Trac?

Trac is a community-driven project that aims to enable decentralized tracking of Ordinals metaprotocols. The most notable example of such a metaprotocol is BRC-20, which encompasses functionalities like mints, transfers, balances, and deployments. Currently, the existing trackers for these metaprotocols are heavily centralized, which goes against the decentralized nature of cryptocurrencies like Bitcoin. Trac solves this problem by providing a decentralized network that allows anyone to connect, utilize, and earn from it.

Why do I need Trac?

By using Trac, you can break free from the current system where your BRC-20 account is controlled by centralized trackers, thereby preserving your freedom. Additionally, Trac allows you to participate in its upcoming ecosystem and the Trac Network Governance, which offers new opportunities and benefits.

Is Trac a chain?

No, Trac is not a chain itself. Instead, it builds upon the GUN protocol, which is an established decentralized SDK and network. GUN shares many principles with Bitcoin and operates similarly to Bittorrent, focusing on aspects such as encryption, ownership, speed, and reliability.

What will Trac actually track?

Initially, Trac will focus on tracking the most popular metaprotocols, such as BRC-20, and provide comprehensive tracking services for them. This includes tracking BRC-20 balances, mints, and other relevant data. However, Trac also has plans to expand its tracking capabilities beyond BRC-20, with potential integration with other projects. Moreover, Trac aims to offer unique opportunities for collection creators, opening doors for decentralized rule-setting and the measurement of gaming progress using Trac.

What opportunities does Trac offer for collection creators?

Trac provides collection creators with decentralized means to establish rules for gamification of their collectibles. By utilizing Trac, creators can define and enforce game-related parameters in a decentralized manner. Additionally, Trac enables the measurement of gaming progress within these collectibles, allowing for a more immersive and interactive user experience.

When will Trac be available?

Trac has already made significant progress and currently offers a working demo that utilizes decentralized Ordinals data. This data serves as the foundation for building further services, including BRC-20 tracking and various other functionalities.