Being InvestedWhy Bitcoin Could Realistically Hit $1 Million by 2034
The $1M BTC roadmap 🧭
Being InvestedBeing Invested Daily: Fed, Election, and Bitcoin: High-Stakes Week for Markets
As the Fed readies its crucial rate decision and election votes roll in, this week could set the tone for both markets and macro trends. On November 7th, the Federal Reserve will reveal its interest rate decision, with market expectations pointing to a 99.7% chance of a 25 bps rate cut. This decision arrives just as US election votes are tallied, adding to a high-stakes week where policy and politics intersect. With global markets watching closely, the impact of these events could reverberate across sectors, especially with massive election spending and investor moves signaling heightened activity.
Being InvestedBlackRock’s Bold Move: Why Larry Fink Calls Tokenization the Next Financial Revolution
Discover how BlackRock’s ETF tokenization efforts are transforming traditional finance (TradFi) by integrating blockchain, unlocking trillions in assets, and paving the way for 24/7 trading, fractional ownership, and global liquidity.
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Being InvestedWhy Bitcoin Could Realistically Hit $1 Million by 2034
The $1M BTC roadmap 🧭
Being InvestedBeing Invested Daily: Fed, Election, and Bitcoin: High-Stakes Week for Markets
As the Fed readies its crucial rate decision and election votes roll in, this week could set the tone for both markets and macro trends. On November 7th, the Federal Reserve will reveal its interest rate decision, with market expectations pointing to a 99.7% chance of a 25 bps rate cut. This decision arrives just as US election votes are tallied, adding to a high-stakes week where policy and politics intersect. With global markets watching closely, the impact of these events could reverberate across sectors, especially with massive election spending and investor moves signaling heightened activity.
Being InvestedBlackRock’s Bold Move: Why Larry Fink Calls Tokenization the Next Financial Revolution
Discover how BlackRock’s ETF tokenization efforts are transforming traditional finance (TradFi) by integrating blockchain, unlocking trillions in assets, and paving the way for 24/7 trading, fractional ownership, and global liquidity.
Subscribe to Being Invested
>100 subscribers
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Being InvestedWhy Programmable Runes Could Be a Game-Changer
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Being InvestedWhy Programmable Runes Could Be a Game-Changer
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1. Introduction to Programmable Runes
Programmable Runes is an emerging sub-protocol within the Runes ecosystem, developed by an independent team dedicated to enhancing the capabilities of Runes transactions. This isn't from the original Runes core team, but from a committed dev working on it since before Runes launched.
2. Enhanced Interactivity
The core objective of Programmable Runes is to bring the flexibility of Ethereum's EVM (Ethereum Virtual Machine) to Runes. This means that Runes transactions can become more complex and interactive, akin to how smart contracts function on Ethereum.
3. Availability and Integration
Unlike limited offerings, Programmable Runes will be accessible to all existing Runes, broadening its impact. It's designed to be an extension of Rodarmor Runes, making it a universally applicable enhancement.
4. Specifications and Front End Development
The team is focusing on building robust specifications, leaving the front end to other developers. However, they are also working on a front end, though it's expected to take longer to materialize. This approach allows various platforms to implement their interfaces, fostering innovation and diversity in user experiences.
5. Parallel Developments
Other teams, including the BRC20 core team, are racing to develop similar specifications. The BRC20 core protocol, which integrates more seamlessly into the Bitcoin ecosystem, might be easier to implement. Both Programmable Runes and BRC20 are expected to release specifications around the end of July, but usability might not come until much later.
6. Potential Features
While exact features remain undisclosed, the potential to perform complex computations on the indexer side is a significant step forward. This could bring decentralized finance (DeFi) capabilities similar to those on Ethereum to the Runes ecosystem.
7. Speculated Applications
Isabelle Foxenduke has hinted at an Automated Market Maker (AMM) being a primary application of this technology. AMMs are crucial for DeFi, enabling users to trade assets in a decentralized manner. This could be especially beneficial for the burgeoning memecoin market.
8. Validator Network
There are hints at establishing a network of validators to support the indexing process, ensuring data integrity and reliability. This is crucial for maintaining a robust and trustworthy system.
9. Competitive Landscape
The BRC20 core team has been working on similar capabilities for their protocol, and although they have a head start, the specifications for both are expected around the same time. The front end for BRC20 might be ready sooner, but the race is on for who can deliver a more usable and integrated solution.
10. Broader Implications
By enabling functionalities similar to Ethereum's DeFi ecosystem, Programmable Runes could significantly elevate the utility and attractiveness of Runes. This move could attract a wider audience, ranging from developers looking to build new applications to investors seeking new opportunities.
Programmable Runes represents a major leap forward for the Runes ecosystem. By enabling more complex and interactive transactions, it has the potential to bring DeFi-like capabilities to Runes, making it a formidable player in the blockchain space. Keep an eye on this development as it unfolds; the future of Runes could be brighter than ever.
1. Introduction to Programmable Runes
Programmable Runes is an emerging sub-protocol within the Runes ecosystem, developed by an independent team dedicated to enhancing the capabilities of Runes transactions. This isn't from the original Runes core team, but from a committed dev working on it since before Runes launched.
2. Enhanced Interactivity
The core objective of Programmable Runes is to bring the flexibility of Ethereum's EVM (Ethereum Virtual Machine) to Runes. This means that Runes transactions can become more complex and interactive, akin to how smart contracts function on Ethereum.
3. Availability and Integration
Unlike limited offerings, Programmable Runes will be accessible to all existing Runes, broadening its impact. It's designed to be an extension of Rodarmor Runes, making it a universally applicable enhancement.
4. Specifications and Front End Development
The team is focusing on building robust specifications, leaving the front end to other developers. However, they are also working on a front end, though it's expected to take longer to materialize. This approach allows various platforms to implement their interfaces, fostering innovation and diversity in user experiences.
5. Parallel Developments
Other teams, including the BRC20 core team, are racing to develop similar specifications. The BRC20 core protocol, which integrates more seamlessly into the Bitcoin ecosystem, might be easier to implement. Both Programmable Runes and BRC20 are expected to release specifications around the end of July, but usability might not come until much later.
6. Potential Features
While exact features remain undisclosed, the potential to perform complex computations on the indexer side is a significant step forward. This could bring decentralized finance (DeFi) capabilities similar to those on Ethereum to the Runes ecosystem.
7. Speculated Applications
Isabelle Foxenduke has hinted at an Automated Market Maker (AMM) being a primary application of this technology. AMMs are crucial for DeFi, enabling users to trade assets in a decentralized manner. This could be especially beneficial for the burgeoning memecoin market.
8. Validator Network
There are hints at establishing a network of validators to support the indexing process, ensuring data integrity and reliability. This is crucial for maintaining a robust and trustworthy system.
9. Competitive Landscape
The BRC20 core team has been working on similar capabilities for their protocol, and although they have a head start, the specifications for both are expected around the same time. The front end for BRC20 might be ready sooner, but the race is on for who can deliver a more usable and integrated solution.
10. Broader Implications
By enabling functionalities similar to Ethereum's DeFi ecosystem, Programmable Runes could significantly elevate the utility and attractiveness of Runes. This move could attract a wider audience, ranging from developers looking to build new applications to investors seeking new opportunities.
Programmable Runes represents a major leap forward for the Runes ecosystem. By enabling more complex and interactive transactions, it has the potential to bring DeFi-like capabilities to Runes, making it a formidable player in the blockchain space. Keep an eye on this development as it unfolds; the future of Runes could be brighter than ever.
Being Invested and ivish
Being Invested and ivish
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