Fun fact: Pipe enables an arbitrary version of DMT to save fees on collections:
Since Pipe allows for on- or offchain of art and traits, one can define traits onchain but puts the art offchain.
This is a similar approach to how DMT's Unats work: keep the description onchain
Ready to be stoned again?
If we were to take a snapshot of all the runestone holders?!
Pipe or Rune, it doesn't matter.
The goal is exclusively to introduce the theory of UTXO.
So and since Pipe supports Art natively within the protocol, you can express different flavors with assets and emulate eip20, eip721, eip1155 and even eip404.
For example: creating a divisible token with art attached doesn't require constructs like parents/children. Provenance
1/ What is
@PipeBtc
x
@trac_btc
?
$PIPE is a token and art protocol for Bitcoin that utilizes the UTXO-model to transfer tokens and art. To understand pipe we need to first understand what UTXO is and how it works.
Send $PIPE!
Let's go on an interesting journey!
PIPEPIPEPIPEPIPEPIPEPIPEPIPEPIPEPIPEPIPEPIPEPIPEPIPEPIPEPIPEPIPEPIPEPIPEPIPEPIPEPIPEPIPEPIPEPIPEPIPEPIPEPIPEPIPEPIPEPIPEPIPEPIPEPIPEPIPEPIPEPIPEPIPEPIPEPIPEPIPEPIPEPIPEPIPEPIPEPIPEPIPEPIPEPIPEPIPEPIPEPIPEPIPEPIPEPIPEPIPEPIPEPIPEPIPE
If you want to experience the Rune
You can choose $PIPE protocols
I called him Benny rune protocols
There are no restrictions.
Born six months ago.
First Rune Protocol
[INSPIP WALLET] - Upgrade to v0.1.8
1. Browser Injection:
- Connect
- Send bitcoin
2. Testnet support
3. Better fee calculator
Sent the request to upload on chrome web store 🫡
#TTP
🗞️ The team is expanding!
For transparency, we are releasing information about our team and welcome new arrivals.
From May 2nd, the Trac teams will consist of:
- 3 full stack developers
- 2 blockchain developers
- 2 project managers with decade long experiences in the
$PIPE The first UTXO-based protocol (The block can see to that.)is also known as Rune
No character limit
You can create your own Runes!
You can get Runes now(PIPE protocol)
$PIPE $RUNE
𝐄𝐜𝐨𝐬𝐲𝐬𝐭𝐞𝐦 𝐔𝐩𝐝𝐚𝐭𝐞 📢
We've just published our latest Medium article, providing an update on the entire TTP ecosystem.
Perfect for anyone who wants a clearer picture on what's happening within the world of Trac, Tap & Pipe.
Link to the article below 🔽
Even with an overall market pullback, the 24h trading volume of $pipe still reached 13 BTC. 📉📈
Why?
Is someone sweeping $pipe?👀
Btw, there will be more updates next week.🧑💻
#PIPE
#CBRC20
#Atomicals
#TAP
‼️ NEW RUNES META ‼️ 🧵
There is a new meta emerging where single runes are being linked with a Cryptopunk number and the image.
It could go the same way as Bitcoin Punks so here is a thread on how to secure one before they're all gone! ⬇️
Everyone speaks about the
#runes
protocol. I speak about the $pipe protocol by
@trac_btc
and the first token and art.
They will soon start to literally explode. 🔥🔥🔥🔥🔥🔥🔥🔥🔥
$pipe
$etch
$rune (PIPE)
#PIPEART
token
#pipepunks
#runerocks
I will send all of them to
A new version of the TAP Protocol w/ Privilege Authorities has been released.
Privilege authorities allow for token/unats/collectible allowlists, launchpads, burn-bridges and more.
This update requires all users of the TAP Reader to upgrade.
The activation of the new feature
People asked me is Runes dead? My honest opinion is that BRC20 didn't pop in the first month it launched. The fact we got so much traction during the first week indicates that Runes will likely surpass the growth and liquidity of BRC20 once it hits a turning point in the market.
Our next
#TTP
Education focuses on PIPE 🧵:
🎷What is PIPE?
PIPE is a UTXO token and collectable protocol for Bitcoin.
So, what does that mean? Well, we are glad you asked.
First lets tackle UTXO: A UTXO represents a distinct amount of bitcoin that has been received but remains
Q: How should we refer to PIPE? PRC-20?
Why don't we see everyone discussing PIPE?
Everyone is discussing various "RUNES" on Ordinals... Ordinals.
If PIPE is truly the first token protocol developed based on RUNES.
Why overlook it?
Doesn't "first is first" apply here?
Join the Trac System Team for our Bi-Weekly AMA on X
⏰: 3PM UTC
🗓️: March 19th, 2024
🏢:
We look forward to sharing about the future of TAP & PIPE. See you soon!
Rune protocol
Casey Rune protocol = $Runes protocol
Benny Rune protocol = $PIPE protocol
and
If you want four characters Rune
you can choose Benny Rune protocol
Sorry, but
#runerocks
on
@pipe_chinese
were first.
Current value? Priceless.
We were 6-8 months earlier. Period.
Selling them for..... NOTHING
MADE WITH the $PIPE protocol by
@chrizo_sats
Runes here first.
The rocks are on fire🪨🪨🪨
Do you know there's another BTC asset issuance protocol? It predates Runes by 6 months and is built on UTXO, just like Runes.
Assets issued on it are so clean and efficient:
◾️No character limit on names;
◾️Can split into 18 decimal places without repetitive transfers , just
1/2: 🚀 Exciting news! 🚀 The Trac team is going to open the pre-participation application for our validator program. With interest from projects like
@realkarmacoin
,
@GhostyCash
, and many others, we are eager to engage with our institutional partners as we develop.
Sorry, im not buying these childish
#runes
token. I am not wasting my Bitcoin. Casey give me the old space back with low fees. The hype will come and go. I am picking specific
#ordinal
and
#dmt
#unat
gems
$pipe
@pipe_chinese
has been there since 6 months, with all features.