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https://warpcast.com/~/channel/ordinals
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Papajams
@papa
Pleased to publish my latest piece on @paragraph exploring Runes protocol on BTC https://paragraph.xyz/@papajams.eth/exploring-runes-protocol The thread below includes highlights about their founding & difference with ordinals, marketplaces, wallets, runes alpha, tokens i'm watching, narratives & so on. 👇
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Papajams
@papa
2/ Ordinals track/label satoshis based on the order they are mined/transferred. Inscriptions embed data (images, text, audio) into transactions via SegWit/Taproot. Runes > efficient token standard vs Ordinals' BRC-20s . It reduces "junk" UTXOs that can clog BTC network. 👇
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Papajams
@papa
3/ Why does this matter? Every 4 years, Bitcoin's mining rewards are halved. Initiatives like Ordinals and now Runes drive up transaction fees, incentivizing miners to secure the network. Ordinals = Bitcoin NFTs Runes = Bitcoin Memecoins 👇
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Papajams
@papa
4/ One of the 1st Runes projects is $DOG coin (already $400m mcap!), airdropped to holders of his Runestones Ordinal inscriptions. https://x.com/leonidasnft/status/1783141155418390774?s=46&t=Mzh82nbovTS2hVetWoCw4A Runestones were airdropped free to circa 112k wallets that had 3 or more inscriptions on BTC 👇
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Papajams
@papa
5/ There's an ocean of new Runes being minted on launchpads like luninexio @runes_terminal. Some are premined, others have zero/low premine. Once minted, tradeable on @unisat_wallet , @okx & @MagicEden. Note high BTC fees & long transaction times! 👇
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