blockspace token

Also: blockspace tokens, BT, BTs

In Blockspace Value Theory, "any asset whose existence required the permanent consumption of Bitcoin block capacity". BVT calls it a receipt of consumption, "not a claim on capacity". Its examples are runes, BRC-20s, alkanes, inscribed sats and Counterparty assets. The Shared Claim Axiom adds how its backing is measured when several tokens claim the same bytes.

Used by: block.space

Used on #

• Attribution and the Shared Claim Axiom
• Blockspace Value Theory
• Blockspace
• BYTES, a fungible blockspace token

Sources #

1. block.space docs: Blockspace Value Theory · block.space/docs/bvt
2. block.space docs: the axiom · block.space/docs/axiom