1min will show you how to use Runes!!
Let me summarize first, and everyone can read on with the summary:
Rune will be the token of the BTC chain, and it is very likely that Dragonfly will be the main token of the BTC chain. You can think of it as BNB of the BSC chain and ETH of the Ethereum chain.
Next, let’s look at the analysis:
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, and 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.
The runestone, rsic, blobs, etc. on the market now are not runes, because the runes protocol has not yet been officially launched!
These projects have all emerged in the past 1-2 months. The main logic is: before Runes is officially released at block 840,000, they use the strong market expectations to do a rehearsal and get things done in advance. They first issue NFTs on Ordinals to build community consensus, and then issue project tokens on the Runes protocol and airdrop them to NFT holders after the Runes protocol is officially deployed.
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.
When Runes is officially launched, there are several ways to participate in Runes:
1) Directly mint the first 10 tokens from 0 to 9 deployed by the Casey team, with names to be determined. And due to the high attention of Runes and the complete infrastructure ecosystem of Ordinals, it is estimated that many proxy tools will support it at the first time, and a local BTC full node should not be required. It is estimated that this will trigger a gas war for a while.
2) Hold the above-mentioned NFTs or certificates or other pre-sale NFTs or certificates launched in the next 2 months, and directly receive the corresponding airdrops after the project deploys the corresponding tokens on Runes
