Take you to understand the Runes protocol in one minute! Don't you want to take a look?
The Runes protocol is a new protocol built on BTC, which aims to solve the high TPS congestion problem brought by brc20 to Bitcoin nodes. This protocol was designed by casey, the founder of the Ordinals protocol, and will be officially launched on April 20. Assets issued on the Runes protocol are called runes.
Some projects on the market, such as runestone, rsic, blob, etc., are not runes because the Runes protocol has been officially launched. These projects are rehearsed with the expected market sentiment before the official release of Runes. NFTs are first issued on Ordinals to establish community consensus. After the Runes protocol is officially deployed, project tokens will be issued on Runes for airdrops to NFT holders.
After the Runes is officially launched, participants can participate in two ways:
1. Directly purchase the first 10 tokens (numbered 0-9) deployed by the Casey team, and the names have not yet been determined. Due to the high attention of Runes and the solidified basic ecology of Ordinals, it is expected that many proxy tools will support it at the first time, and it may trigger a period of "gas war" (i.e. network congestion and rising transaction fees).
2. Hold NFTs or resources of pre-sale coins, and directly receive corresponding airdrops after the project party deploys the corresponding tokens on Runes.
