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Experiment: PIPEBLOCK

PIPEBLOCK represents the inaugural experiment on the Blox protocol, pioneering the virtualization of Pipe protocol actions (Deploy, Mint, and Transfer), beginning with the protocol's genesis block, block 809608.

In this system, each Pipe protocol action is meticulously archived and sequenced by its corresponding Bitcoin block, thereby creating what we call a PipeBlock. The total vbytes size of each PipeBlock dictates its tokenization. Given that a standard transaction hovers around 140 vbytes, it's rare to find a PipeBlock with fewer than 140 tokens, except in cases of blocks with zero transactions, in which case the token count will be arbitrarily set to 1. In contrast, deployment actions on Pipe, which are more vbyte-intensive, yield a higher token count per block.

Each PipeBlock is represented by its unique token, divisible up to 8 decimal places. This granularity allows for diverse ownership possibilities, with a holder potentially owning as little as 0.00000001 vbytes. To date, over 14000 PipeBlocks have been generated since Pipe's launch.

An initial batch of 100 random PipeBlocks has been minted and is visible in the treasury wallet. A portion of these will be allocated to $Lane holders through the Levels system, with further details to be announced following the release of Levels. Also two special PipeBlocks have been minted by us: the Genesis PipeBlock and the $Lane deployment block, both retained by the Pipeline founder. The rest have been minted in a randomized manner, ensuring equitable distribution among users, with the Pipeline team committing to the same fee structure as other users.

The uniqueness of each PipeBlock is determined by a variety of factors, such as the block timestamp, size (supply), number, action count per block, and even the action type itself.

Currently, we are developing tools like an open-source indexer. To mint a PipeBlock, we levy a service fee($5 currently), a portion will be reinvested into the development of the Blox infrastructure. Once the PipeBlock is indexed, you can view it in your wallet using the explorer, just like any other PIPE asset. The explorer will be progressively updated.

Technical details on data validation are available on GitHub

Staking your PIPEBLOCK on Levels allows you to redirect a portion of an energy called $POWER. Once enough is accumulated, it can be extracted from Levels. Given the complexity of the process, Levels will only be able to store and extract 350,000 $POWER. This resource will be used to supercharge your PIPEBLOCK, thus evolving its capabilities.

Mint PIPEBLOCK x1 (8000 sats as service fees + network fees)
Mint PIPEBLOCK x4 (28000 sats as service fees + network fees)


RES: It will give you all the indexed PipeBlock on the protocol
b: PipeBlock number since 809608
t: Linked Asset
s: supply / vbytes size of the block