14:24Run on Bitcoin enters public beta
Run on Bitcoin is a platform where developers can build applications, tokens, and objects on Bitcoin SV. Until now, the SDK has been in a closed alpha where one must ask for permission to obtain the code, but now is finally open to the public. Despite this closed nature, Run has already seen significant adoption in the Bitcoin SV space for or over a year from companies like RelayX, TrueReviews (now Britevue), Kronoverse and DuckCreation.
Building interactive objects on BSV with Run could not be easier. Once the code is downloaded one can pop open a browser and create an NFT (Non-fungible token) with just a few lines of code:
Source: Developer console in Chrome
Enabling new developers to build on top of the ledger is crucial if BSV is going to compete with other chains like Ethereum or EOS. Evangelism, shilling superior technical capabilities and just having lower fees have proven to simply not be enough in recruiting more builders. The arguments HandCash CEO Alex Agut have made in this regard are correct when it comes to reaching a wider audience.
Objects built on Run are called Jigs, and they can interact with each other. A Player Jig can equip Weapon and Armor Jigs and different Jigs can have dependencies on one another—for example, a Duck Jig can be implemented such that it can only be hatched from an Egg Jig. This is a primary focus of Run and a distinguishing feature from other BSV token protocols.
Run is widely known as a so-called ‘Layer 2’ token protocol that embeds metadata and transfer details into the OP_RETURN output of a Bitcoin transaction. That stated, Run really is more of a ‘Layer 1.5’ protocol since ownership of the objects is still UTXO-based. This means that unlike other Layer 2 standards like Tokenized, Run can fully leverage the power of Bitcoin Script.
Above is an example of mining a Run NFT on the BSV testnet with 21e8. Run also supports fungible tokens which RelayX have already implemented—USDC and OKBSV. With Run public, anyone can now launch their token on BSV.
Run does have some drawbacks however and one at the forefront is scalability. As discussed before, all token solutions face the ‘Back to Genesis’ issue in terms of validating a token’s history. Run is no different and requires external infrastructure to mitigate the performance issue.
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