- Intro
- Japan segment:
- METI to require companies to report in advance when transferring advanced tech overseas
- Number of police boxes will drop 40% by 2050
- Halving party in Tokyo
- Builders segment:
- Runes
- Runes is a new proposed token standard on Bitcoin that makes it easier and more efficient for users to create fungible tokens on the blockchain. ERC-20 tokens on Ethereum are the most common fungible tokens today.
- Runes is designed specifically for the launch of fungible tokens on Bitcoin, unlike Ordinals, which allows for the creation of NFTs. Runes uses "edicts" - small, lightweight transactions that can be used to transfer ownership of tokens without clogging up the Bitcoin network.
- Runes uses Bitcoin’s UTXO model and the OP_RETURN opcode to simplify the creation and management of fungible tokens. Each Rune transaction can specify multiple operations across different Runes. In the event of a token transfer, the Runes protocol will split the UTXO into multiple new UTXOs based on the instructions in the OP_RETURN data.
- Why Runes? What are the Benefits? Runes aim to simplify fungible token creation on the Bitcoin blockchain, minimizing on-chain footprint and improving UTXO management. It offers users a simpler way of creating fungible tokens on the Bitcoin network, relative to other alternatives like BRC-20, RGB, and Taproot. With Runes, users can create multiple tokens and manage them easily on-chain, without needing to rely on off-chain data or native tokens, or generating a significant amount of “junk” UTXOs.
- Runes launched on Bitcoin Block 840,000, at the Bitcoin halving on April 20th.
- Main topic: Are these people signal part 2
Activity