Ordinals founder releases Runes introduction document
BlockBeats news, on March 28, Casey Rodarmor, founder of the Bitcoin NFT protocol Ordinals, released an introduction document for Runes, which allows Bitcoin transactions to etch, mint, and transfer Bitcoin-native digital goods. Although each inscription is unique, each runic unit is identical. They are interchangeable tokens suitable for various purposes.
Rune Protocol messages are called Runestones and are stored in Bitcoin transaction outputs.
Runes are created by etching. Etching creates a rune and sets its properties. Once set, these properties are immutable.
Runestones may be improperly formed for a variety of reasons. Improperly formed runestones are called "monuments." Runes entered in transactions with "Monument" will be burned.
"Monuments" are an upgrade mechanic that allow new semantics to be given to rune stones, changing how runes are created and transferred without misleading non-upgraded clients as to the location of those runes, as non-upgraded clients will see By the time these runes have been burned.