Casey Rodamor, the creator of the Ordinals protocol and reference implementation, recently dropped a proposal for a replacement to the BRC-20 fungible token protocol: Runes. It took roughly seven hours before basic implementations were live and people were minting tokens. They didn’t draw from a specification, or a concrete design, just a rough blog post vaguely describing the concept.
The only concrete part of the protocol idea specified was how to handle token movement and allocations. It is a very simple proposal using OP_RETURN in each transaction to facilitate assigning tokens to a specific UTXO with an output index, a token amount field, and a token ID number. That’s it. A special message is used to issue a token initially, assigning all the balance in the issuance transaction, but that is essentially the entirety of the proposal so far.
So why did Casey create this proposal for Runes? Because the pre-existing BRC-20 protocol is an absolute mess. BRC-20 was designed specificall
We współpracy z: https://bitcoinmagazine.com/technical/runes-an-attempt-at-a-serious-protocol-or-another-childrens-toy
