Runes were built for degens and memecoins, but the protocol is simple, efficient, and secure. It is a legitimate competitor to Taproot Assets and RGB.
The protocol is self contained and has no dependencies on ordinals or inscriptions, making it extremely simple.
Balances are stored in UTXOs, which can be locked in HTLCs, so runes can be lifted on the lightning network.
Rune names are optional, and if an etching does not specify a name, a reserved name is allocated. Etchings of reserved names are unconditionally valid, and, if they don't have a supply-capped mint, are very light client friendly.
The ordinals library provides everything needed to encode and decode runestones, so integration should be straight forward.
I'm highly skeptical of "serious" tokens, but runes is without a doubt a "serious" token protocol.
https://t.co/bTKzQmnycW
@CryptoMosai@LeonidasNFT@rodarmor Its not, it removes liquidity right before the runes launch so that they have less competition. The runes protocol had to be changed and hardcoded runes added by the dev team becuase of name confusion scams like this. Premines and fair mints are opposites, runestone is a premine.
@LeonidasNFT@rodarmor The hardcoded runes were created because you did name confusion scams to try to frontrun runes. Love watching you try to scream fair open mint while you make premines that are neither, coping early this cycle aye?
@ChainRacingClub I think it's fair to say that the Asian Daddy VC's plan to take over the bitcoin tokens space was 100x smarter than Western Daddy VC's plan. Neither worked but one was smart and didnt work.
@super_testnet Having your heart in the right place can be pretty cringe as well, "did you know: womans are equals?" is the sound of the overton window backsliding into a deep hole. show us posts of the offenders, name names, exert pressure and make a change. Risk your own reputation and fight
For everyone working on runes integrations, please keep in mind that the halving is the deadline for us to produce a finalized, working implementation, and there is no guarantee that it will be stable before that point.
@ChainRacingClub I think it's fair to say that the Asian Daddy VC's plan to take over the bitcoin tokens space was 100x smarter than Western Daddy VC's plan. Neither worked but one was smart and didnt work.
Over 40,000 @ninjalerts@TO “The Prophecy” open edition claimed so far. 🤯🫨
About five hours remain to claim your allocation if you have one.
This could be the largest-ever open edition on Bitcoin for quite some time.