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The Rune-Specific Inscription Circuit is a system built on Bitcoin’s Ordinals protocol for creating Non-fungible tokens that allow users to mine Bitcoin inscriptions.

Gate Research Daily Report, August 14: BTC prices have returned above $60,000, while ETH remains volatile. The market shows an optimistic bullish sentiment. The U.S. July PPI growth was below expectations, affecting the Fed's interest rate cut outlook. BitGo wallet transferred a large amount of Mt. Gox Bitcoin assets, and Aethir Foundation opened community reward claims.

This article combines some of the latest topics of Runes to conduct a developmental exploration of the past of the Runes and Ordinals protocols, as well as similar asset issuance methods.

The success of runes will depend on user experience. If the broad compatibility of runes is quickly integrated and utilized, there is a good chance that they could replace BRC-20. In addition to storing token balances in UTXOs and shifting trust from the indexer level to the Bitcoin blockchain, runes should be easier to integrate with L2 solutions, bridges, and other DeFi applications.

Since April, the Bitcoin ecosystem has been buzzing, indicating a possible third wave of growth. The community's excitement peaked with the launch of the Runes protocol on the mainnet, as everyone scrambled to get ahead. However, project teams snapped up early runes, driving Gas prices to unbelievable levels. This article explores the current status of the first nine runes.

The introduction of Runes aims to address the limitations of the existing BTC token protocols, offering a superior solution that has already generated high expectations for its initial tokens and concept projects in the market.

This article explores the difference between Inscription and Rune. The inscription uses Segregated Witness and Taproot technology to "inscribe" content on the Bitcoin network. In contrast, Rune uses Etching to bind balances to UTXO, so Rune is technically more efficient, with lower transaction costs and without blocking the Bitcoin network.