Let me show you how to understand Runes in one minute! !
First of all, Runes is a new protocol built on BTC. Its founder is casey, who is also the founder of the Ordinals protocol. Casey designed this protocol to reduce the burden that brc20 brings to Bitcoin nodes.
Secondly, this protocol will be officially launched on April 20. The assets issued using this protocol are called runes. A simple analogy is the Ordinals protocol that was popular last year. The assets issued on the Ordinals protocol are called inscriptions.
Runestone, rsic, blobs, etc. on the market now are not runes, because the Runes protocol has not been officially launched yet!
These projects have emerged in the past 1-2 months. The main logic is: before Runes is officially released at block 840,000, use the strong market expectations to do a preview, do things in advance, first issue NFTs on Ordinals to build community consensus, and after the Runes protocol is officially deployed, issue project tokens on the Runes protocol and airdrop to NFT holders.
In plain words, what you buy now is the pre-sale version, which will be officially shipped on April 20. Of course, there will definitely be cases where the money is absconded without shipping.
After Runes is officially launched, there are several ways to play Runes:
Directly mint the first 10 tokens from 0 to 9 deployed by Casey's team, the name is to be determined. And because of the high attention of Runes and the complete infrastructure ecosystem of Ordinals, it is estimated that many proxy tools will support it in the first place, and the local BTC full node should not be required. It is estimated that it will trigger a gas war for a while.
