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Cashing in on the hype of the Runes protocol? The legitimacy and security of Rune Alpha are being questioned, but Casey clarifies in a post that it has nothing to do with it.

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Rune Alpha, suspected of riding on the popularity of the Runes protocol, has also raised community concerns due to its security issues.

Table of Contents:

· Rune Alpha Protocol = Runes Protocol?

· Casey Clarifies: Rune Alpha has nothing to do with me

· True or False, it's hard to distinguish between Rune Alpha and Runes?

· User signs and assets are transferred? Security concerns raised about Rune Alpha

· Rune Alpha responds to security issues

Recently, the Bitcoin network's Rune Alpha project (@runealpha_btc) has sparked controversy within the community regarding its legitimacy and security.

Rune Alpha Protocol = Runes Protocol?

On December 5th, the Bitcoin network's runic project Rune Alpha officially launched its mainnet, with the first token issued being $COOK.

At the beginning of its launch, Rune Alpha attracted many players to mint, because many users saw it as the Runes protocol proposed by Ordinals founder Casey Rodarmor (@rodarmor).

With Ordinals making a splash in the industry, there is high anticipation for the Runes protocol in the market. However, the community has yet to see the release of the Runes protocol, but instead has received Rune Alpha. Due to the similarity in names between Rune Alpha and Runes, the market generally assumes they are the same. Some users have specifically @Casey in the comments section under the Rune Alpha account, asking if Casey is the issuer of the Rune Alpha protocol.

Casey Clarifies: Rune Alpha has nothing to do with me

Perhaps due to the increasing number of inquiries, Casey posted an article regarding the legitimacy of Rune Alpha today, stating: "They are not associated with me, and when (official) Runes are released, these Runes will not be traceable."

But as the comment in the comment section pointed out, this clarification "came too late, the market had already FOMOed, and people are still continuing to mint Rune Alpha."

Later, Rune Alpha also forwarded Casey's post and stated that Rune Alpha has nothing to do with Casey, and the project team has not had any private contact with Casey. All discussions are at the technical level: "However, we are built on the basis of ord 0.11.1, and the implementation instructions are as follows. The version of Rune we are releasing is located in the Ordinal repository." At the same time, Rune Alpha also attached a link to github to prove that it is a fork version of the Ordinals protocol.

真假 Rune 难分清，Rune Alpha 和 Runes 到底是什么？

The authenticity of Rune is hard to distinguish, what are Rune Alpha and Runes?

In fact, Rune Alpha and Runes are two different protocols.

First of all, Runes is a new protocol based on the Bitcoin network proposed by Casey Rodarmor, the founder of Ordinals, on September 26th of this year. It is a potential alternative to BRC20. At that time, Casey Rodarmor stated that alternative token protocols like Runes would not leave a large amount of "garbage UTXO" on the Bitcoin network like BRC20 tokens. However, the Runes protocol has not yet officially launched.

And Rune Alpha, as stated by the official, is a Bitcoin network inscription project built on top of ord 0.11.1, with its version located in the Ordinal repository, but has nothing to do with Casey's Runes protocol.

Therefore, Rune Alpha, which went online before the real Runes protocol, not only rode on the popularity of Casey and the Runes protocol, but also raised community concerns due to security issues.

After user signature, assets are transferred? Security of Rune Alpha questioned

It is understood that the gameplay of Rune Alpha is slightly different from other projects in that it is "unlimited for a limited time". Users can mint within 150 blocks between 819863 and 820013, with each minting transaction allowing for 1000 tokens, and there is no limit to the total amount.

According to the data from the Dune bulletin board, as of the time of publication, the Rune Alpha engraving progress has reached 58.7%, with a total of 88 out of 150 blocks engraved. The number of engraved pieces has reached 106,337, and there are 7,114 holders.

However, after the mainnet went live, BlockBeats noticed that Rune Alpha also raised many questions in the community. For example, community KOL Yan Practice (@practice_y11) pointed out that there were users who had the situation of "signing all assets transferred". Specifically, some users on Rune Alpha "require you to sign and transfer all assets" after going long.

Many users in the community have pointed out that when interacting with Rune Alpha, it will send out inscriptions from the account as gas when there is no gas available.

Rune Alpha responds to security issues

Regarding this, Rune Alpha responded that "this is a wallet issue and we have issued a warning to all users on Discord." Meanwhile, according to observations by BlockBeats, many users are using the wallet normally and have not experienced the issues mentioned above.

Regarding this, community KOL and Ordinals contributor DrJinglee (@ordjingle) stated: "Many people in the market cannot distinguish between different runes. It is recommended that tutorial authors include security tips such as using a new wallet when introducing new things."