Runes rune agreement in -depth analysis: innovation, advantages and disadvantages, and market status quo

The rune Runes protocol most anticipated by retail investors has finally appeared with BTC halved. In addition to the 0 as reserved, all per capita can be registered and distributed.The transaction fee once broke the SATS/VB. According to the Dune Analytics instrument panel shared by the blockchain research company Crypto Koryo, since the launch of Runes on April 20, more than 2.38 million transactions have been processed, accounting for the total amount of Bitcoin transactions.68%.

Today, Dr. Dodo will take you to know what the runes are and what innovation, and what inscription projects are worth noting.

What is the rune rune?

Ordinals founder Casey Rodarmor believes that the same -value token scheme (BRC20, Taproot Assets, etc.) currently issued on the Bitcoin network all have different defects and start a idea of creating UTXO -based homogeneous tokens.Designed tokens.

Key

Based on UTXO:Runes balance is held by UTXO, and each UTXO can contain any number of Runes of any amount of any amount.
Transaction and agreement information:The output containing a specific script is deemed to be part of the agreement information.These scripts specify the transfer and distribution of Runes.
flexibility:Runes transfer is defined by explaining data push in the transaction, allowing flexibly distribution of Runes to different outputs.
issued:If there is a second data push in the protocol message, it will be regarded as a distribution and allows creating a new Runes.
Simple and decentralization:The Runes protocol is as simple as possible, does not depend on the linked data, has no native currency, and is suitable for the UTXO model of Bitcoin.
Symbol distribution:Runes can have related symbols, but the protocol does not try to avoid symbols to grab removal to maintain simplicity.

Innovation, advantages and disadvantages

Advantages:

Based on UTXO, the model RUNE protocol uses Bitcoin’s native UTXO model. Each UTXO can contain any number of RUNE tokens, which solves the problem of BRC20 garbage UTXO expansion, making Rune more naturally integrate into the Bitcoin system.
Without relying on the data under the chain, all the information of the Rune protocol is included in the chain transaction. It does not need to rely on the data of the chain, which reduces the complexity and enhances the user experience.
The native BTC tokens are different from the protocol that requires the paid fees to pay the handling fee for the side chain or the BTC L2 solution. The operation of the Rune protocol does not require any additional tokens, simplifying the use process.

Disadvantages:

Without the anti -residency mechanism, in order to keep it simple, Rune does not set the mechanism to prevent grabbing tokens, which may cause some ideal symbols to be registered prematurely. The current solution is that when the Runes first launched, the length of all token names is the length of the token name is the length of the token name.From 13 and above, after about every four months, the minimum length of the name has been reduced by one letter. Until the next halving incident, it can be created by RUNE (totaling 26) containing a single character.
Long -character runes are not conducive to spreading and exchanges on money
Allow the project party to reserve and be questioned in fair distribution

How can runes be cast and traded

Many tool websites supporting BRC20 casting have been supported by Runes rune casting simultaneously, and Geniidata, RuneStore and Luminex are the most popular because they can monitor the popular inscriptions in casting at the same time.And BTCBOT, a TG robot, is more convenient for fast cast runes.

Casting:

Unisat- https://unisat.io//runes/inscriprbe
Okx web3- https://www.okx.com/zh-hant/web3/marketplace/runes
Geniidata- https://geniidata.com/ordinals/inscrip/runes
Luminex -https://luminex.io/runes/mint
Runstore -https://runestore.io/
BTCBOT -BTCBOT.PRO

On the other hand, the trading market is still the largest with mainstream Magiceden, Unisat and OKX Web3. At present, ME is the best in terms of experience. The simple interface supports multiple orders to scan orders and the transaction costs are the lowest.The previous BRC20 leading market OKX Web3 is not satisfactory because it does not support scanning and can only interact with its own OKX Web Wallet.

Trading market:

Magiceden -https://magiceded.io/runes
Unisat- https://unisat.io/runes/market
Okx web3- https://www.okx.com/zh-hant/web3/marketplace/runes

Rune worthy of attention

The current mainstream runes are mainly MEME narrative. The top 10 runes are the most concerned. In addition, the words mentioned by cats, dogs, dogs and founders Casey (Wanko • Manko • Runes, Anarcho • cabus) The scope of speculation.

Source: https://docs.BSQUARD.NETWORK/architecture

Judging from the current 24 -hour transaction data of Magiceden, the largest rune market, the current dragon head rune is the inscription Dog • Go • TO • The • Moon of this project launched by Kol Leonidas’s RUNESTONE project.The holder has no open casting. Because many communities in the Runesstone holder have also operated for several months, they are the strongest consensus.

The second transaction volume RSIC • Genesis • Rune is the NFT project RSIC Metaprotocol. According to the airdrops of previous mining activities, it is currently one of the few inscriptions with non -pure Memecoin with a gameplay mechanism. At present, the project party plans to conduct mining activities for the second stage.Essence

The third place in the transaction volume Lobo • The Wolf • Pup is also 100% reserved airdrops. The holders of RuneStone and Rune Doors are launched by KOL @_buoYantCapital. The community has a high community in the community because it was just issued the day before yesterday.

Satoshi • Nakamoto, the fourth transaction volume, is the first rune to successfully launch an exchange. Before the DOG • Go • THE • Moon, it was the rune with the highest market value.The runes with the least (20%) of the dozen of the dozen, so within two days when the rune agreement was just launched, the Gate Exchange was also launched.No longer, and no project party stood up to show that the community consensus was low.

Z • Z • Z • Z • Z • Z • Z • Z • Z • Z • Z • Z • Z • Z • Z • Z • Z • Z • Z • Z • Z • Z • Z • Z • Z • Z • Z • Z • Z • Z • ZThe first two days aroused a wave of people to cast, but as the project party stated on Twitter stated that it was not recommended that users cast expensive trading costs, and said that 99% of the share will give everyone to everyone in the future,Opportunity to get.

In addition, the two major MEME Puppet and the Wizard community launched by the well -known Kol ANSEM pushed by the No. 13 Rune PUPS • World • PEACE, No. 17 Rune Magic • Money will be reserved by the project party 100%.The holders of BRC20 and Ordinals NFT are also worthy of continuous attention and tracking.

Author

A few days before the runes were launched, the author also participated in the casting of several rune items. In terms of experience, rune casting is quite easy to have a considerable infrastructure construction of the BRC20 Inscriptions.There are many unchanged, but at the same time, the runes are doubtful from the inscriptions. The narrative of asset issuance on the BTC has already had the BRC20 and the BRC20 is quite successful.There is no difference for retail investors.

But at the same time, for the entry of the BTC issuer, the issuing rune is indeed better than the BRC20 in experience. Runes are more mature asset issuance agreements and can be perfectly replaced by BRC20.The community consensus is not a way to establish Runes Memecoin, which can be established overnight.Text rather than just the runes that attract FOMO for the name.