The Atomicals Protocol the first UTXO-based fungible token protocol on Bitcoin L1. A decentralized and community-driven protocol which introduces the ARC20 token standard, programmable digital objects, and smart contracts, transforming Bitcoin into a platform for decentralized and community-driven innovation. ARC20 tokens are backed 1:1 by Bitcoin satoshis, ensuring transparency and simplicity while eliminating the need for gas tokens or bridges. By leveraging Bitcoin's unspent transaction outputs (UTXOs), Atomicals enables secure, immutable, and decentralized management of fungible assets, empowering use cases like decentralized finance, tokenized economies, and community-driven applications. ATOM is the first UTXO-based token fairly minted through Proof of Work (PoW) directly on Bitcoin, 100% in circulation.