比特币的史诗级融合：减半和符文协议开创新时代

2024 年减半和 Runes 协议在同一天推出可能标志着比特币历史上的重大事件，因为 Runes 协议引入了可替代代币的概念，并引发了区块空间和价值超过 100 万美元的“史诗中本聪”的争夺战。

Bitcoin's Second Phase: The Convergence of Halving and Runes Protocol

比特币第二阶段：减半与符文协议的融合

The cryptocurrency world eagerly anticipates the 2024 halving, an event that occurs every four years and reduces the block reward for Bitcoin miners by half. This year, however, the initiation of the Runes protocol, which aims to introduce fungible tokens on the Bitcoin network, coincides with the halving, potentially marking a monumental chapter in Bitcoin's history.

加密货币世界热切期待 2024 年减半，这一事件每四年发生一次，将使比特币矿工的区块奖励减少一半。然而，今年，旨在在比特币网络上引入可替代代币的符文协议的启动恰逢减半，这可能标志着比特币历史上的一个里程碑式的篇章。

The Dawn of "The Second Phase of Bitcoin"

“比特币第二阶段”的黎明

In December 2022, the Ordinals protocol emerged, bringing a surge of cultural transformation to the Bitcoin blockchain. It enabled users to embed images, audio, and code files directly into Bitcoin blocks, thus initiating "The second phase of Bitcoin." Casey Rodarmor, the developer behind Ordinals, subsequently introduced the Runes token protocol, designed to facilitate the creation of fungible tokens on Bitcoin.

2022 年 12 月，Ordinals 协议出现，为比特币区块链带来了文化转型的浪潮。它使用户能够将图像、音频和代码文件直接嵌入到比特币区块中，从而开启了“比特币的第二阶段”。 Ordinals 背后的开发者 Casey Rodarmor 随后推出了 Runes 代币协议，旨在促进在比特币上创建可替代代币。

Runes Protocol: A Battle for Block Space

符文协议：区块空间之战

The Runes protocol is set to activate concurrently with the halving. This will trigger an intense competition among players vying to issue the first tokens and secure the most auspicious token names. A secondary battle will ensue as players race to acquire these newly minted tokens.

符文协议设置为与减半同时激活。这将引发玩家之间的激烈竞争，争夺第一批代币并获得最吉祥的代币名称。当玩家竞相获取这些新铸造的代币时，将会发生二次战斗。

In anticipation of this event, global exchanges are preparing to list the primary tokens to be launched under the Runes protocol. Marketplaces and decentralized exchanges (DEXes), including Magic Eden and OKX, have already announced their support for tokens created from the Runes protocol from day one.

为了应对这一事件，全球交易所正在准备列出将在 Runes 协议下推出的主要代币。包括 Magic Eden 和 OKX 在内的市场和去中心化交易所 (DEX) 从第一天起就已经宣布支持根据 Runes 协议创建的代币。

The Historical Significance of Runes and Ordinals

符文和序数的历史意义

Historically, Bitcoin has been perceived solely as an asset with no specific purpose, unlike blockchains such as Ethereum and Solana, which serve as platforms for application development and asset issuance. However, the introduction of Ordinals has witnessed thousands of users actively utilizing the Bitcoin network to acquire Bitcoin-priced assets. Within a year of its inception, over $3 billion has been transacted through Ordinals assets, involving approximately 600,000 unique wallets and 2.5 million on-chain transactions.

从历史上看，比特币一直被视为一种没有特定用途的资产，这与以太坊和 Solana 等作为应用程序开发和资产发行平台的区块链不同。然而，Ordinals 的推出见证了成千上万的用户积极利用比特币网络来获取比特币定价的资产。在其成立一年内，通过 Ordinals 资产进行的交易已超过 30 亿美元，涉及约 600,000 个独特钱包和 250 万笔链上交易。

The cultural impact of Ordinals has revitalized Bitcoin, igniting a surge in innovation and leading to improvements in Bitcoin wallets, nodes, unspent transaction output (UTXO) managers, and the mempool. Discussions regarding decentralized finance (DeFi) and layer-2 solutions for Bitcoin have intensified, attracting significant attention from venture capitalists.

Ordinals 的文化影响重振了比特币，引发了创新浪潮，并导致比特币钱包、节点、未花费交易输出 (UTXO) 管理器和内存池的改进。关于去中心化金融（DeFi）和比特币第二层解决方案的讨论愈演愈烈，吸引了风险投资家的极大关注。

The Next Phase: Runes

下一阶段：符文

The Ordinals protocol has rekindled enthusiasm for Bitcoin, and the Runes protocol represents the next phase in its evolution.

Ordinals 协议重新点燃了人们对比特币的热情，而 Runes 协议代表了其发展的下一阶段。

The Epic Satoshi: A Million-Dollar Prize

史诗般的中本聪：百万美元奖金

The halving block itself will be the most fiercely contested block in history, not only for retail participants but also for miners. The miner who secures the halving block will claim an "Epic" satoshi, estimated to be worth over $1 million.

减半区块本身将是历史上竞争最激烈的区块，不仅对散户参与者来说，对矿工来说也是如此。获得减半区块的矿工将获得“史诗”聪，估计价值超过 100 万美元。

Scalability Solutions

可扩展性解决方案

Anticipating network congestion on the Bitcoin network, projects are developing solutions to facilitate scalable trading on the Runes protocol. A successful precedent exists in the form of a bridge that enabled the exchange of Bitcoin assets on Solana. However, more Bitcoin-centric platforms are emerging, such as RuneChain, a Bitcoin layer-2 solution focused on Runes.

预计比特币网络将出现拥塞，项目正在开发解决方案，以促进 Runes 协议上的可扩展交易。一个成功的先例以桥梁的形式存在，它使得 Solana 上的比特币资产得以交换。然而，更多以比特币为中心的平台正在出现，例如 RuneChain，这是一个专注于 Runes 的比特币第二层解决方案。

Investor Education and Preparation

投资者教育和准备

As the market gears up for the arrival of the first tokens created through the Runes protocol, users are becoming increasingly savvy about Bitcoin. Thousands have begun operating Bitcoin nodes and educating themselves about UTXOs to gain an advantage during token launches. NFT communities like the Pizza Ninjas have played a significant role in disseminating knowledge on these topics.

随着市场为通过 Runes 协议创建的第一批代币的到来做好准备，用户对比特币越来越了解。成千上万的人已经开始操作比特币节点并进行有关 UTXO 的自我教育，以便在代币发行期间获得优势。像 Pizza Ninjas 这样的 NFT 社区在传播这些主题的知识方面发挥了重要作用。

Pre-Runes Season: Token Distribution

符文季前赛：代币分配

The market is experiencing a "pre-Runes season," characterized by the pre-distribution of Runes-standard tokens through airdrops to Bitcoin NFT holders. Each collection employs its unique distribution model, with some airdropping tokens based on NFT holder snapshots after the halving, while others distribute tokens based on the duration of NFT ownership. Runestone and RSIC exemplify these two distribution models, respectively.

市场正在经历“符文前季节”，其特点是通过空投向比特币 NFT 持有者预先分配符文标准代币。每个集合都采用其独特的分配模型，一些空投代币基于减半后的 NFT 持有者快照，而另一些则根据 NFT 所有权的持续时间分配代币。 Runestone 和 RSIC 分别例证了这两种分配模型。

Users also have the option of investing in BRC-20 tokens, such as WZRD and PUPS, which will migrate to the Runes standard.

用户还可以选择投资 BRC-20 代币，例如 WZRD 和 PUPS，这些代币将迁移到 Runes 标准。

Runes: A Monumental Shift

符文：一个巨大的转变

Bitcoin's "second season" is approaching its climax. Runes tokens will evoke a spectrum of emotions, from admiration to disdain and everything in between. They are an unstoppable force, poised to transform Bitcoin's landscape forever.

比特币的“第二季”即将迎来高潮。符文令牌会唤起一系列情感，从钦佩到蔑视以及介于两者之间的一切。他们是一股不可阻挡的力量，准备永远改变比特币的格局。

Lugui Tillier, a guest author for Cointelegraph and Business Development Director of Lumx, a Web3 studio in Rio de Janeiro backed by BTG Pactual Bank, the largest investment bank in Latin America, contributed this article, which solely reflects the author's views and not Cointelegraph's.

Lugui Tillier 是 Cointelegraph 的客座作者，也是 Lumx 的业务开发总监，Lumx 是一家位于里约热内卢的 Web3 工作室，由拉丁美洲最大的投资银行 BTG Pactual Bank 支持，本文仅反映作者的观点，不代表 Cointelegraph 的观点。