💡What problem have we solved?
Inspired by the Bitcoin Ordinal protocol, we have developed a contract framework based on the Cosmos network, aimed at establishing an Inscribe launchpad and trading market on the Cosmos network. Our vision is to enable anyone to freely issue Inscribe tokens on Cosmos network. A unique feature of our contract is the provision of completely free Mint Inscribe services. the Ordinal protocol has already successfully attracted many new users and scenarios for Bitcoin.We intention in creating this protocol is to attract more people to understand and utilize Cosmos network, thereby helping Terra regain its former glory. To date, we have achieved over 80,000 free Mint Inscribe, a number that reflects our progress and the wide participation and support of the community.
1.We have resolved the construction, openness, and effectiveness issues of the Index through smart contracts. In traditional Inscribe protocols, the Index is usually built by centralized service providers, which can lead to various problems such as inconsistent Index heights, Index failures, or errors in Index data. Additionally, centralized service providers have significant control over the Index, and if they shut down or act maliciously, its value could collapse immediately.
2.We address the issue of uniformity in the Cosmos network protocol through smart contracts. If based on a centralized Index, multiple trading markets might exhibit inconsistencies in data and lack interoperability. This could lead to confusion for buyers, as a user might be able to sell the same inscription in several markets simultaneously. Therefore, using smart contracts ensures that such situations do not occur.
3.We have created the first Rune protocol on the Cosmos network. Leveraging the IBC nature of the Cosmos network, we can extend our work across the entire chain in the future, such as reducing gas costs for Bitcoin inscriptions and minimizing data usage on the Bitcoin network.
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