【Learn about Runes in Three Minutes】
What is Runes RUNES:
Runes is a new protocol by Casey, the founder of Ordinals (i.e. BRC-20), which is used to issue homogeneous tokens FT. Solve the load problem caused by BRC-20.
Runes protocol principle:
1. Based on UTXO:
🌟Transfer is more efficient (one-step transfer, no need to engrave before transfer, multiple rune tokens can be transferred at one time),
🌟Avoid UTXO set expansion (there is no concept of waste mint inscriptions, BRC-20 is often waste, so it occupies a large amount of Bitcoin volume and generates garbage data)
🌟One UTXO can store multiple rune tokens, so it is more efficient
In short, the Runes protocol: can reduce the occupied inscription number and reduce a large amount of Bitcoin volume.
Runes have not yet been launched, but the market value of Runestone and RISC has ranked in the top 20 of the Bitcoin market value market, so it can be predicted what kind of market Runes will attract. (The founder said he would commit suicide if he couldn't reach a market value of 1 billion, haha)
💻:
Official website: ordinarys.com
Official index platform: https://ordinals.com/runes
Search platform: https://ordinals.com/badgertooth
The Rune Protocol was proposed by Casey, the founder of Ordinals, Runes. I personally think this is a very thoughtful idea. I even think that Runes will be higher than the new height of BRC20
❤️
Rune issuance method: (important)
📌 Fixed Cap fixed total amount mode (centralized deployment by the project party, and distribution after the project party has completed the game)
Now because Runes has not been officially launched, all projects are making such a layout (⚠️Be careful, it may also be a brainwashing trick). The project issues Ordinals NFT as a Rune mining machine, or Rune airdrop voucher, and after the Runes protocol is officially launched, the corresponding number of Runes tokens will be distributed to the gameplay according to the agreed rules
📌 Open Mint Open mode: Etching mint (limited time, unlimited quantity or limited quantity Both are OK). When deploying the Open Mint runes, the project party can choose to keep a portion for itself.
❕But note that the runes 0-9 written by Casey in the code are all in Open Mint mode❕, that is, open to everyone
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