Halving = Takeoff! Decrypting Bitcoin's native token RUNES!
Friends in the currency circle may have been paying attention to the dynamics of BTC halving these two days, but many people may not know that with the halving of BTC, the new protocol runes in the native ecosystem of Bitcoin will also be launched on the 20th. Let's use the simplest point of view to see what RUNES is and how to layout it! ?
First of all, Runes is a new rune project established by Casey, the founder of Ordi. Simply put, it is to issue its own new protocol on the Bitcoin ecosystem, thereby reducing the burden of BRC20 on BTC nodes, and the assets issued using this protocol are called runes (similar to inscriptions, but different in nature).
As we all know, runestone, which is very popular in the NFT market, is not actually a rune, but to pave the way for the launch of RUNES. It can be seen with the naked eye that the popularity has also been raised by using community consensus, and the price has also risen all the way, so the official launch of RUNES on the 20th also makes us more optimistic.
In terms of ecology, Runes protocol infrastructure Rune Alpha and Rune Mania Miner, two hot projects, officially announced their cooperation, which means that the infrastructure of Runes ecology has begun to connect the ecology! That is to say, the MEME ecology and BTClayer2 ecology mentioned in the second half of the bull market will be deeply bound to runes.
In fact, the MEME track just lacks a valuable project and narrative in the long run to undertake the value of its own ecology. It can be said that while complementing each other, the characteristics of no reservation, no lock-up, first come first served, and allowing most people to participate in the initial issuance of tokens fairly are brought to the extreme.
In addition, the creation of runes is also more flexible. They can adopt the method of open minting and fair distribution, and users can also choose to cast all supplies into a single address (like ERC-20). And he will not be like the inscription, which has the trouble of being knocked down first. Runes tries to use the "submit first and then reveal" solution to reduce the window period.
How to participate after Runes is officially launched!
Preparation + Several ways to participate in Runes:
1) You need to prepare BTC and UTXO. The preparation method and link are in the community tool.
2) Participate in minting the first 10 tokens No. 0-9 deployed by the official team. The name is tentative.We will continue to pay attention to the series of tokens, and put the tools in the community! $BTC $STX $ORDI
