This metadata could be anything from an image or video file to a message or contract.
Here’s how it works: each satoshi (the smallest unit of Bitcoin) is assigned a unique identifier based on its transaction history, which allows for the tracing and identifying individual sats with inscriptions attached. When you send someone 0.1 BTC using Rune Protocol Messages, your transaction includes not only the standard amount but also any additional metadata you want to include!
For example: let’s say you want to send someone 0.1 BTC and attach a short video explaining why you chose that amount. Instead of sending two separate transactions (one for the money and one for the video), you can use Rune Protocol Messages to embed both in a single transaction! Here’s what it might look like:
// This script uses Rune Protocol Messages to send 0.1 BTC and attach a short video explaining why the amount was chosen in a single transaction.
// First, we specify the amount of BTC to be sent, which is 0.1 BTC.
0.1 BTC
// Next, we use the Rune Protocol to embed the video file within the transaction.
[Rune Protocol Message: video file]
// Finally, we add a message to explain the reason for sending 0.1 BTC.
"This is why I sent 0.1 BTC"
The first part (0.1 BTC) is the standard Bitcoin transaction amount, while the second part () adds a Runes-encoded video to your transaction. The third part (“This is why I sent 0.1 BTC”) is an optional message that explains the purpose of your transaction.
When someone receives this transaction, they can easily view and verify both the money and the video using any standard Bitcoin wallet or explorer tool! No special software required.
Of course, there are some limitations to Rune Protocol Messages: for example, each inscription (metadata) can only contain up to 520 bytes of data (which is roughly equivalent to a short paragraph). But overall, Rune Protocol Messages offer an exciting new way to add metadata and functionality to Bitcoin transactions without sacrificing security or efficiency.
So next time you’re at a party with someone who speaks a different language than you do, remember: just like Rune Protocol Messages can help bridge the gap between Bitcoin and other digital assets, hand gestures and basic phrases can help bridge the gap between people from all over the world!