👋Welcome to Alkimiya Protocol

Introduction

Alkimiya is a blockspace markets protocol that facilitates the creation, trading, and settlement of synthetic blockspace resources via a peer-to-peer system of smart contracts.Public blockchains have finite capacity for blockspace resources, and therefore all on-chain actions compete for inclusions and orderings with transaction fees. The supply of blockspace is inelastic, and the demand is driven by exogenous factors. While scaling solutions can reduce the amount of full-node resources consumed, pricing the right to access them real-time is a fundamentally market-based challenge at global scale.

As activities grow, the volatility of resource pricing hinders the growth of organizations that frequently settle on-chain, and leaks negative externalities that affect regular users. Addressing market-based challenges requires market-based solutions. By abstracting attributes that represent blockspace resources (e.g. network average BTC Tx Fees), Alkimiya protocol makes accurate price discovery on blockspace resources possible for everyone.

Product Example: BTC Tx Fees

Who benefit from trading BTC Tx Fees?

• Miners: miners can lock-in future revenue stream by shorting BTC Tx Fees.

• Services (wallets, exchanges, market-makers, bridges, L2 operators): on-chain services that frequently settle on BTC can hedge against the volatility by longing BTC Tx Fees.

• Ordinals/BRC-20/Runes: active collectors can offset high mint fees by longing BTC Tx Fees.

• On-chain events traders: traders who analyze on-chain events or network activities trends can trade BTC Tx Fees.

Our Communication Channels

Discord: https://discord.gg/4pxhryp2z4

Website: https://alkimiya.io/

Github: https://github.com/Alkimiya

Twitter: https://twitter.com/alkimiya_io