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DALLE2
\u003C/p>"},"name":"What are Inscriptions, Ordinals, and Runes?"},{"@type":"Question","acceptedAnswer":{"@type":"Answer","text":"\u003Cp>Runes aligns more closely than BRC-20 with the Bitcoin community’s values and unwritten rules, like protocol simplicity, independence of off-chain data, and using unspent transaction outputs (UTXOs) as a state model. Runes also uses a smaller blockchain footprint, thus avoiding the perception that it is filling up the Bitcoin blockchain with “garbage” data.\u003C/p>\u003Cp>In contrast to the complexity of BRC-20, the simple rules of Runes tokens allow the tokens to be included in many wallets, requiring only relatively minor modifications by wallet developers.\u003C/p>\u003Cp>If you are interested in learning more about how the Runes protocol works, you can read more about it in the \u003Ca href=\"https://docs.ordinals.com/runes.html\" rel=\"noopener noreferrer\" target=\"_blank\">Ordinals documentation\u003C/a>. \u003Cbr/>\u003C/p>"},"name":"What makes Runes better than BRC-20?"},{"@type":"Question","acceptedAnswer":{"@type":"Answer","text":"\u003Cp>Runes have a unique, forward-looking characteristic of ticker naming: shorter names for individual Runes will be unlocked (allowed) over time. This rule is intended to prevent a rush of front-running and \"squatting\" more attractive, shorter names. At first, only Rune names of thirteen or more characters are unlocked, which is why (depending on when you read this article) you might only see Runes with long names avaliable for mint and sale. An example of an early Rune name is \"UNCOMMONGOODS.\"\u003C/p>\u003Cp>How quickly are shorter names unlocked? Runes was unlocked at block 840,000, and after that, the completion of every 17,500 blocks (which takes about four months) unlocks the next-smaller length of Rune name availability. The next unlocking of shorter Rune ticket names is expected in September, 2024.\u003C/p>"},"name":"Why do Runes have such long names? "},{"@type":"Question","acceptedAnswer":{"@type":"Answer","text":"\u003Cp>Initially, we will inevitably see a lot of meme Runes traded, since they are so simple to create. There are more \"serious\" Runes projects in the works, but it’s hard to predict which will be successful, and when more value-added Runes-based projects will be available.\u003C/p>"},"name":"What will Runes be used for? "},{"@type":"Question","acceptedAnswer":{"@type":"Answer","text":"\u003Cp>You can follow along with which Runes projects are new and most popular at several online Runes explorers, including \u003Ca href=\"https://ordiscan.com/runes\" rel=\"noopener noreferrer nofollow\" target=\"_blank\">Ordiscan\u003C/a>. \u003Cbr/>\u003C/p>"},"name":"What are some popular Bitcoin Rune projects? "},{"@type":"Question","acceptedAnswer":{"@type":"Answer","text":"\u003Cp> Platforms like \u003Ca href=\"https://ordinalsbot.com/\" rel=\"noopener noreferrer\" target=\"_blank\">Ordinalbots\u003C/a> can make the process of \"etching\" and minting Runes simple. \"Etching\" sets the properties of Runes, and “minting” creates new ones that may then be transferred. \u003C/p>\u003Cp>Trading platforms like \u003Ca href=\"https://help.magiceden.io/en/articles/9220231-your-guide-to-buying-and-selling-runes-on-magic-eden-bitcoin\" rel=\"noopener noreferrer nofollow\" target=\"_blank\">Magic Eden\u003C/a> already support Runes purchases and sales. \u003Ca href=\"https://www.okx.com/web3/marketplace/runes\" rel=\"noopener noreferrer nofollow\" target=\"_blank\">OKX\u003C/a> is another. \u003Cbr/>\u003C/p>\u003Cp>Always do your own research and/or consult with a professional if you're unsure about anything. \u003C/p>"},"name":"How can you mint, buy, and sell Runes?"},{"@type":"Question","acceptedAnswer":{"@type":"Answer","text":"\u003Cp>Runes-capable wallets operate like other crypto wallets. To buy some Runes and back them up:\u003C/p>\u003Cul>\u003Cli>Create an account, secure your \u003Ca href=\"https://vault12.com/securemycrypto/crypto-security-basics/mnemonic-phrase/\" rel=\"noopener noreferrer\" target=\"_blank\">seed phrase\u003C/a> backup, and deposit funds into your choice of Runes-capable wallet.\u003C/li>\u003Cli>Create or purchase Bitcoin Runes on your platform of choice. \u003C/li>\u003Cli>Use a Runes-compatible Receive address in your wallet to receive the Bitcoin Runes from the marketplace or trading platform you've chosen.\u003C/li>\u003C/ul>\u003Cdiv>\u003Ca href=\"https://vault12.com/securemycrypto/cryptocurrency-security-how-to/seed-phrase-backup/\" rel=\"noopener noreferrer\" target=\"_self\">Back up the recovery phrase\u003C/a> for your Runes wallet in the same way as you would for any other wallet. If you were to lose access to your wallet without backing up the recovery phrase, you would lose your Runes and anything else in that wallet.\u003C/div>"},"name":"How do you use a wallet to back up and protect your Runes?"},{"@type":"Question","acceptedAnswer":{"@type":"Answer","text":"\u003Cp>You must protect your long-term storage and the inheritance of Bitcoin Runes in the same way as you would any other Web3 digital asset. \u003C/p>\u003Cp>Web3 asset inheritance is different from the relatively straightforward steps for a traditional inheritance, where you go to the bank or the broker, you tell them that someone has passed on or is incapacitated, and you are given access to those assets. In contrast, with Web3 assets, you, the owner, are responsible for the security and safekeeping of those assets. If you haven't recorded all of the details about your assets and communicated them to the people who will be the beneficiaries, your assets will likely be lost. Even if you did record the details correctly, there are still a lot of ways for heirs to go wrong with complex technical things during the succession process. \u003C/p>\u003Cp>Take the risk out of your web3 and Bitcoin asset wallet backups by storing your wallet seed phrases in a specialized digital vault. \u003Cbr/>\u003C/p>"},"name":"How do you ensure inheritance of Bitcoin Runes?"}]}
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