The Runes Protocol Will Ignite a New Season for Bitcoin After the Halving

Cointelegraph · 2024-04-18T21:33:11.000Z

The 2024 halving is a major event in the cryptocurrency world. This year, however, the Runes protocol — and the hunt for the epic satoshi, the first satoshi of the halving block — will begin on the same day, and that could be an even more significant event in Bitcoin's (BTC) history. The second phase of Bitcoin The Ordinals protocol launched in December 2022 and brought an unprecedented cultural movement to the world's largest blockchain. It is often referred to as "The second phase of Bitcoin." Ordinals allowed users to begin putting things such as images, audio and code files on the Bitcoin blockchain. After that successful launch, developer Casey Rodarmor introduced the concept of the Runes token protocol, which is designed to facilitate the creation of fungible tokens on the Bitcoin network. Related: China has a Trojan Horse in US Bitcoin mining infrastructure The Runes token protocol is set to activate when the halving occurs. A battle for block space will begin where players will compete with each other to see who can issue the first tokens and the best token names, followed by a battle to see who can be the first to buy these tokens. BREAKING: The Largest Bitcoin Mining Company by Hashrate is now an Ordinals CompanyThey will be isolating the Epic Sat at the halving if they win the block and distributing profits to pool membersThe real question: Will they re-org to win & Pre-Etch the first 1,000 Runes? pic.twitter.com/7kv6OpNQVc — trevor.btc (@TO) April 17, 2024 Exchanges around the world are already preparing to list the main tokens that will launch with the Runes protocol. Marketplaces and DEXes — such as Magic Eden and OKX, respectively — have already announced that they will support tokens created from the Runes protocol starting on day one. The historical significance of the Runes and Ordinals protocols Unlike blockchains such as Ethereum (ETH) and Solana (SOL) — which are known as platforms for application development and environments for issuing and exchanging other assets — Bitcoin has historically been perceived as an asset with no special purpose. Since Ordinals launched, for the first time in history, thousands of people have been using the Bitcoin network every day to acquire assets priced in Bitcoin. In just over a year, more than $3 billion has already been moved through these Ordinals assets, involving nearly 600,000 unique wallets and 2.5 million on-chain transactions. $1.5 trillion asset manager Franklin Templeton: ORDINALS DRIVING 'RENAISSANCE' IN BITCOIN INNOVATIONhttps://t.co/M2Stt8EQa6 https://t.co/VHaGcdfC3Z — Lugui Tillier (@lugui_tillier) April 13, 2024 The Ordinals protocol has culturally impacted Bitcoin in a way not seen in years, leading the market to denote this period as "the second phase of Bitcoin," characterized by a rebirth of accelerated innovation around the world's largest blockchain. I'm sure there's a lot of work needed to mature it, but it's wild how fast the Bitcoin L2 ecosystem is growing https://t.co/fi0hnpJxiH — Mustafa Al-Bassam (@musalbas) April 16, 2024 With the new interest in navigating and building on Bitcoin, products such as wallets, nodes, unspent transaction output (UTXO) managers and even the mempool have improved.Discussions around decentralized finance (DeFi) and Bitcoin's layer-2 solutions are more intense than eve drawing considerable attention from venture capitalists. Related: Bitcoin is evolving into a multiasset network The Ordinals protocol ignited a new flame in Bitcoin, and the Runes protocol represents the next phase. Who’s going to win the $1 million satoshi? The halving block itself will be the most contested and lucrative block in history. In addition to this retail competition for block spaces, there will also be a duel among miners. One player who mines the halving block will collect a satoshi classified as “Epic,” with an estimated value of more than $1 million. BREAKING: The Largest Bitcoin Mining Company by Hashrate is now an Ordinals CompanyThey will be isolating the Epic Sat at the halving if they win the block and distributing profits to pool membersThe real question: Will they re-org to win & Pre-Etch the first 1,000 Runes? pic.twitter.com/7kv6OpNQVc — trevor.btc (@TO) April 17, 2024 Additionally, in anticipation of Bitcoin network congestion, some projects are creating solutions to scale trading on the Runes protocol. In the past, a bridge that enabled the exchange of Bitcoin assets on Solana was successful. Now, platforms more aligned with Bitcoin are emerging — such as RuneChain, a Bitcoin layer-2 focused on Runes. Users are also becoming more educated about Bitcoin as the market prepares for the arrival of the first tokens created with the Runes protocol. Likewise, thousands of people have started running Bitcoin nodes and are educating themselves about UTXOs to gain an advantage during these token launches. NFT communities like the Pizza Ninjas are have made significant efforts to educate their holders on these topics. The Ninjas created a complete survival guide for Runes — and offer 24/7 help desks in English and Chinese — for their holders. Discord channel Ninjalerts displays study chapters for Runes, created for holders of the Pizza Ninja NFTs. Source: Discord Moreover, the market has been experiencing a "pre-Runes season." Some Runes-standard tokens have already been pre-distributed been distributed through airdrops to Bitcoin NFT holders. Each collection employs its own distribution model: Some took snapshots of NFT holders and will distribute tokens after the halving, while others will distribute tokens based on the duration that users have held their NFTs. (The longer an NFT has been held, the more tokens a user will receive. Runestone is an example of an NFT collection that will conduct a one-time snapshot. RSIC is an example of a collection that will distribute tokens based on the length of time an NFT has been held. The second option that users have to capitalize on the trend is to purchase BRC-20 tokens — WZRD and PUPS, for example — that will migrate from the BRC-20 standard to the Runes standard. The table below segments all the developments related to pre-Runes projects, marketplaces and launchpads, that are set to launch. Major tokens, mintpads, marketplaces and wallets in the Rune ecosystem. Source: X via @DoggFatherCrew Bitcoin's second season is approaching one of its most climactic moments. Runes tokens will become historic, loved, hated, transformative, frightening, necessary, exhausting, and everything imaginable at the same time. But they will happen, and nothing will stop them. Welcome to season two! Lugui Tillier is a guest author for Cointelegraph and the business development director of Lumx, a Web3 studio in Rio de Janeiro that counts BTG Pactual Bank, the largest investment bank in Latin America, among its investors. This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

2024 年減半是加密貨幣世界的重大事件。然而，今年，Runes 協議——以及對史詩級 Satoshi（減半區塊的第一個 Satoshi）的追逐——將在同一天開始，這可能是比特幣 (BTC) 歷史上更爲重大的事件。
比特幣的第二階段
Ordinals 協議於 2022 年 12 月推出，爲世界上最大的區塊鏈帶來了一場前所未有的文化運動。它通常被稱爲“比特幣的第二階段”。Ordinals 允許用戶開始將圖像、音頻和代碼文件等內容放在比特幣區塊鏈上。
在成功發佈之後，開發人員 Casey Rodarmor 引入了 Runes 代幣協議的概念，旨在促進在比特幣網絡上創建可替代代幣。
相關：中國在美國比特幣挖礦基礎設施中植入特洛伊木馬
Runes 代幣協議將在減半發生時激活。一場爭奪區塊空間的戰鬥將開始，玩家將相互競爭，看看誰能發行第一批代幣和最好的代幣名稱，然後進行一場戰鬥，看看誰能成爲第一個購買這些代幣的人。
突發消息：按 Hashrate 計算，最大的比特幣挖礦公司現在是一家 Ordinals 公司。如果他們贏得了區塊，他們將在減半時隔離 Epic Sat，並將利潤分配給礦池成員。真正的問題是：他們會重組以贏得勝利並預蝕刻前 1,000 個符文嗎？pic.twitter.com/7kv6OpNQVc
— trevor.btc (@TO) 2024 年 4 月 17 日
世界各地的交易所已開始準備上線將使用 Runes 協議推出的主要代幣。市場和 DEX（例如 Magic Eden 和 OKX）已宣佈將從第一天開始支持基於 Runes 協議創建的代幣。
符文和序數協議的歷史意義
與以太坊（ETH）和 Solana（SOL）等區塊鏈不同（它們被稱爲應用程序開發平臺和發行和交換其他資產的環境），比特幣歷來被視爲一種沒有特殊用途的資產。
自 Ordinals 推出以來，歷史上首次有成千上萬的人每天使用比特幣網絡購買以比特幣計價的資產。在短短一年多的時間裏，已有超過 30 億美元通過這些 Ordinals 資產進行轉移，涉及近 60 萬個獨立錢包和 250 萬筆鏈上交易。
1.5 萬億美元資產管理公司富蘭克林鄧普頓：序數推動比特幣創新的“復興”https://t.co/M2Stt8EQa6 https://t.co/VHaGcdfC3Z
— Lugui Tillier (@lugui_tillier) 2024 年 4 月 13 日
Ordinals 協議對比特幣的文化產生了多年未見的影響，導致市場將這一時期稱爲“比特幣的第二階段”，其特點是圍繞全球最大區塊鏈的加速創新重生。
我確信要讓它成熟還有很多工作要做，但比特幣 L2 生態系統的增長速度令人難以置信 https://t.co/fi0hnpJxiH
- 穆斯塔法·阿爾-巴薩姆 (@musalbas) 2024 年 4 月 16 日
隨着人們對在比特幣上導航和構建的新興趣，錢包、節點、未使用交易輸出（UTXO）管理器甚至內存池等產品都得到了改進。圍繞去中心化金融（DeFi）和比特幣第 2 層解決方案的討論比以往任何時候都更加激烈，引起了風險投資家的極大關注。
相關：比特幣正在演變成一個多資產網絡
Ordinals 協議爲比特幣點燃了新的火焰，而 Runes 協議代表了下一個階段。
誰將贏得 100 萬美元？
減半區塊本身將成爲歷史上競爭最激烈、利潤最高的區塊。除了散戶爭奪區塊空間之外，礦工之間也將展開決鬥。挖出減半區塊的玩家將獲得一個被歸類爲“Epic”的 Satoshi，估計價值超過 100 萬美元。
突發消息：按 Hashrate 計算，最大的比特幣挖礦公司現在是一家 Ordinals 公司。如果他們贏得了區塊，他們將在減半時隔離 Epic Sat，並將利潤分配給礦池成員。真正的問題是：他們會重組以贏得勝利並預蝕刻前 1,000 個符文嗎？pic.twitter.com/7kv6OpNQVc
— trevor.btc (@TO) 2024 年 4 月 17 日
此外，由於預計比特幣網絡將出現擁堵，一些項目正在創建解決方案以擴大 Runes 協議上的交易規模。過去，在 Solana 上實現比特幣資產交換的橋樑取得了成功。現在，與比特幣更加契合的平臺正在涌現——例如 RuneChain，這是一個專注於 Runes 的比特幣第 2 層。
隨着市場爲使用 Runes 協議創建的第一批代幣的到來做準備，用戶對比特幣的瞭解也越來越多。同樣，成千上萬的人已經開始運行比特幣節點，並正在學習有關 UTXO 的知識，以便在這些代幣發佈期間獲得優勢。
披薩忍者 (Pizza Ninjas) 等 NFT 社區已做出巨大努力來教育其持有者瞭解這些主題。忍者爲持有者創建了完整的 Runes 生存指南，並提供 24/7 英文和中文幫助臺。
Discord 頻道 Ninjalerts 展示了爲 Pizza Ninja NFT 持有者創建的 Runes 學習章節。資料來源：Discord
此外，市場正在經歷“符文前期”。一些符文標準代幣已經通過空投預先分發給比特幣 NFT 持有者。每個集合都採用自己的分發模型：一些集合拍攝了 NFT 持有者的快照，並在減半後分發代幣，而另一些集合將根據用戶持有 NFT 的時長分發代幣。（持有 NFT 的時間越長，用戶獲得的代幣就越多。）
Runestone 是一個會進行一次性快照的 NFT 集合的例子。RSIC 是一個會根據 NFT 持有時間長度分配代幣的集合的例子。
用戶利用這一趨勢的第二個選擇是購買 BRC-20 代幣（例如 WZRD 和 PUPS），這些代幣將從 BRC-20 標準遷移到 Runes 標準。
下表列出了即將啓動的預 Runes 項目、市場和啓動板的所有發展情況。
Rune 生態系統中的主要代幣、鑄幣平臺、市場和錢包。來源：X via @DoggFatherCrew
比特幣的第二季即將迎來最高潮的時刻之一。符文代幣將成爲歷史性的、受人喜愛的、被人憎恨的、變革性的、令人恐懼的、必要的、令人筋疲力盡的，同時又是一切可以想象到的東西。但它們會發生，沒有什麼能阻止它們。歡迎來到第二季！
Lugui Tillier 是 Cointelegraph 的特約作家，也是 Lumx 的業務發展總監，Lumx 是位於里約熱內盧的一家 Web3 工作室，其投資者包括拉丁美洲最大的投資銀行 BTG Pactual Bank。
本文僅供一般參考，並非法律或投資建議，也不應被視爲法律或投資建議。本文表達的觀點、想法和意見僅代表作者本人，並不一定反映或代表 Cointelegraph 的觀點和意見。

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