According to my observations these past few days, many Mint Runes people are still quite confused and don't understand what#Runeis, so let me explain it to you in the simplest way.
+ In terms of general users and traders, it is completely similar to BRC20 that you have experienced for the past year.
+ Technically, Rune takes advantage of the UTXO mechanism available in the Bitcoin network to store tokens to increase compatibility and not waste resources like BRC20.
+ In terms of genealogy among today's popular standards, it will look like this:
BTC
/\
Ordinals Runes
|
BRC20
It can be seen that Rune's role is on par with Ordinals, while BRC20 is a fork based on Ordinals (NFT protocol for Bitcoin).
Because BRC20 is "on the other side" on Ordinals, they cannot optimize the Bitcoin network well, so according to experts, Rune is the "biological child" of Bitcoin.
Another fact is that the father of Rune is also the father of the Ordinals protocol, which receives support from the community, so we can completely trust the origin of the Rune protocol.
Rune's success does not mean all projects on Rune are successful!
Rune is just a token standard like ERC20, BRC20,... anyone can create Rune tokens so you must research carefully before investing.
If you find it interesting, remember to retweet and bookmark it to reflect on it many times to absorb it.
