Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
The founder of Ordinals announced the Runes document, introducing the "cenotaphs" upgrade mechanism

The founder of Ordinals announced the Runes document, introducing the "cenotaphs" upgrade mechanism

2024/03/28 03:39

Golden Finance reports that Ordinals founder Casey Rodarmor has published the Runes document on the X platform. Runes allows Bitcoin transactions to etch, mint, and transfer native digital goods of Bitcoin. The information of the Rune protocol is called Runestones, which are stored in the output of Bitcoin transactions. A transaction can only have one Runestone at most. Runestones can etch a new rune, mint an existing rune, and transfer runes from input to output in a transaction; transaction outputs can carry any number of rune balances. For various reasons, some runestones may be malformed; these are known as cenotaphs. Any runes entered into cenotaph transactions will be destroyed. The coins minted in transactions with cenotaphs count towards the minting limit but will be burned after being created. Cenotaphs serve as an upgrade mechanism allowing runes to take on new semantics thereby changing their creation and transmission methods without misleading un-upgraded clients about their location since they would see these runes as having been destroyed.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!