Enter Runes
Last updated
Last updated
As we've mentioned previously, our goal was not merely to use block data for map generation; we aimed to see how far we could leverage this data to create what we, in total seriousness, call Non-Arbitrary Benefits. The first Non-Arbitrary Benefit we sought to introduce was the mining of Runes.
Developed by the visionary Casey Rodarmor, also the creator of Ordinals, Runes offer a unique take on fungible tokens within the Bitcoin ecosystem. Standing in contrast to BRC-20 tokens, Runes facilitate seamless swaps and transactions, potentially transforming the fungible token space within Bitcoin's ecosystem.
Once again, our team entered the laboratory to crunch numbers and devise a balanced formula that ensures a fair distribution of Runes, with each resource on the map influencing the mining process. Ultimately, it is the block data originally inscribed that acts as the deciding factor.
The fundamental formula could be interpreted as ((Ore × Gold) × Water) / Trees. The actual formula gives Gold mines a weight three times that of Ore, reflecting their importance. The algorithm adjusts for water, recognizing its commercial benefits but also its diminishing returns; it's valuable, but only in moderation. Similarly, we weighted the trees, understanding that an abundance of forestry can impede the progression towards an efficient Runes economy.
This equation assigns every TerraBit with a Commerce Strength. At the end of each day, 1 million Runes are distributed proportionally among all TerraBits based on their Commerce Strength. This distribution will continue for a determined number of days. Runes produced are associated with every Inscription; at the end of this period, we'll take a snapshot, and all Runes will be counted. The wallet containing each Inscription as of the snapshot date will receive the cumulative amount of Runes generated by the held inscriptions.
