🎑Overview
What is Ethrunes Protocol?
Ethrunes is a novel token protocol based on ERC1155 and inspired by BRC20. It is a combination of inscription and smart contract, also called smart inscription.
Simple
It's very easy to deploy a token like BRC20. To deploy a token, you only need a tick(symbol), supply and limit per mint. You don't need to write any code.
Smart
Ethrunes is based on ERC1155 that is multi token standard. ERC1155 can represent any number of fungile and none-fungible token types. The ERC-1155 Multi Token Standard allows for each token ID to represent a new configurable token type, which may have its own metadata, supply and other attributes.
Efficient
ERC20 require deployment of separate contracts per token type. But Ethrunes can deploy any number of token in one contract, thus saving a lot of gas.
Fair
Ethrunes adopts fair launch mode to distribute tokens.
The difference between ETHs, BRC20 and Ethrunes.
Protocol | Ethscription | BRC20 | Ethrunes |
---|---|---|---|
Chain | Ethereum | Bitcoin | Ethereum |
Standard | ESIPs | Ordinals | EIP1155 |
Need Indexer | Yes | Yes | No |
Deployment Complexity | Easy | Easy | Easy |
Smart | No | No. Requires off-chain Indexer | Yes |
Safety | Low, Depends on indexer | Low, Depends on indexer | High, Backed by EVM |
Storage Type | JSON text on tx data field | JSON text | Smart contract |
Cons | There are always security issues with the indexer | There are always security issues with the indexer | Gas is a little higher than ETHs |
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