Rune craze is coming. What is the relationship between runes and inscriptions? Can it bring the next wave of wealth opportunities?

The Rune Protocol has been officially launched on April 20

I believe everyone knows that at the end of 2023, the market was hot due to the inscription sector. Now runes have emerged again. What is the relationship between runes and inscriptions?

Simply put, inscription is a section in the Bitcoin ecosystem. The inscription section includes: NFT, BRC20, runes, and various inscription protocols

To understand runes, you must first understand "his father, inscription"

The birth of inscriptions should start with Bitcoin's Taproot upgrade proposal on November 14, 21. Taproot upgrades the Bitcoin network to better privacy, lower transaction fees, and expands the functions of the BTC network, laying the foundation for the development of the second-layer network in this round of Bitcoin bull market

There are three proposals in the Taproot upgrade, one of which is called Schnorr signature. One of the functions is that when signing, an additional information can be attached and placed in the isolated witness area

With the above premise, in December 22, someone released the Ordinals protocol to sequentially number the smallest unit of Bitcoin, "Satoshi", to distinguish each "Satoshi"

When each Satoshi has its own number, plus the previous signature can be attached with an additional information, this action is engraving, just like you write down a memo in a small notebook, this is the birth of the Bitcoin inscription section

So what is the specific value of this behavior? Can it bring the next wave of wealth opportunities?

This breakthrough in the second-layer network of Bitcoin is a step forward for Bitcoin, but compared with the second-layer network of Ethereum, NFT, and smart contracts, there is an essential difference.

Value is divided into categories. At present, the Bitcoin inscription sector brings more emotional value to the market, while the Ethereum ecosystem brings application value.

Why can the inscription sector quickly attract the attention of retail investors in the market? It is because it conforms to the emotional side of the market, and people's emotions can be expressed, but emotions are temporary. After emotions, people will eventually return to rationality.

We can recall that when we were emotional, did we make the right decision? Most of the time, we have to pay a heavy price for our emotions afterwards.

So it is recommended that everyone should look at the hype sector rationally.

The crypto industry is still in its early stages. There are many new ideas in the industry every day, and there will be projects that cannot be implemented and will be eliminated.

Some fans often say that the various information in the cryptocurrency industry is so complicated. It is true. In fact, I am not talking about this because I am so good. I am very clear about my shortcomings in this industry. I used to work in traditional entities and I didn’t know anything when I came to the cryptocurrency industry.

But I chose a professional circle for myself. Although I don’t understand, I understand one thing. If I don’t understand, I must learn slowly in the professional circle.

The cutting-edge consulting, information, and development of this industry, the master will tell us in depth and concisely what the essential core logic of each thing is. Day by day, I am no longer a novice, a leek, and slowly move towards the path of a qualified investor.

Just like a fan friend commented to me: Huigen and will follow It will always be the same

I am May. If you want to dig deeper into the cryptocurrency circle, but can't find a clue, want to get started quickly, and don't know how to operate, welcome to join the village. I hope everyone will be responsible for every decision in life. Come on #Meme #WIF #ENA $SOL $DOGE