From inscriptions to runes, the paradigm development of asset issuance standards on Bitcoin
The Bitcoin ecosystem is becoming complex, with halving, inscriptions, runes and various Layer 2 being in full swing.
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The Bitcoin ecosystem is becoming complex, with halving, inscriptions, runes and various Layer 2 being in full swing.
Due to the complexity and novelty of the inscription protocol, various security issues arise frequently. This not only threatens users’ asset security, but also has a negative impact on the healthy development of the entire Inscription ecosystem.
Ethereum experiences a surge in network activity driven by "Inscriptions," constituting 77% of transactions. This heightened engagement is viewed positively, but significant staked ETH redemptions pose a challenge. The Dencun upgrade aims to enhance scalability through "protodanksharding." Despite price decline, the Long/Short difference suggests resilience with more long-term holders.
The philosopher Wittgenstein once said, "The limits of language are the limits of the world." In the same data chain, the Chinese word "inscription" is infinitely more advanced than the three-letter abbreviation of NFT.
The development of the Inscription ecosystem is very similar to the development of other cryptoecologies: there are assets first, and then various services and applications are derived around the assets.
This article introduces and organizes more than 20 inscription protocols and more than 30 inscription markets