🎑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.

ProtocolEthscriptionBRC20Ethrunes

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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