Enhanced Security

In SRC-101, asset loss by mistakenly spenting UTXO is not an issue any more.

SRC-101 decouples Name Assets from a strict binding with UTXOs, preventing asset loss due to normal UTXO spending or phishing attacks from UTXO transfers. In SRC-101, when asset was minted, it will be binded with sender address of that mint transaction.

SRC-101 transfer workflow

Thus, wherever UTXO goes later, it will not have any impact on the balance of SRC-101 tokens. All user operation of bit name servce need verification from last owner's signature. SRC-101 also makes the deploy transaction UTXO hash as an unique identity, so it's much more determinate and easier to be tracked.

SRC101 VS BRC20 and RUNES