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Homeweb3.0Runes Protocol: Leading the BTC network into the 'Eternal Era' of FT token issuance

Runes Protocol: Leading the BTC network into the Eternal Era of FT token issuance

How to understand the innovative value and potential subsequent market impact of Runes? In my opinion, Runes is a set of FT token issuance standards based on the Ordinals protocol, which will become the asset issuance basis for the BTC network to build a huge ecosystem in the future. If the period when BRC20, ARC20, SRC20 and other standards fly around before the halving is regarded as an "era of chaos", will the Runes standard promote the birth of a "constant era" of BTC ecological development? Next, let me talk about my understanding:

1) Ordinals is a protocol for issuing and transferring various crypto assets based on the BTC network through off-chain indexing. Ordinals was initially more suitable for NFT-type assets. The emergence of the Rune standard made up for its shortcomings in the issuance and management of FT homogeneous token assets, and truly helped it become a BTC derivative crypto asset issuance and management protocol;

2) After Ordinals, a series of derivative innovation standards such as BRC20, ARC20, SRC20, etc. were born, all focusing on the Script script space in UTXO, with the goal of issuing FT homogeneous assets in BTC.

BRC20, as the first token standard, realizes asset issuance by placing data in Witness Segregated Witness, and realizes asset management through subsequent joint management between Ordinals and other multi-indexers; ARC20 It is a derivative and improved token standard that realizes the transfer management of derivative inscription assets based on the transfer characteristics of the chain UTXO itself, reducing the dependence on multiple indexers; SRC20 directly embeds the original data into the UTXO transaction in the form of a stamp code, without Asset issuance and management can be achieved by relying on third-party indexers.

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