💎RuneBox ᛝ

Background

Leveraging Casey Rodarmor's innovative contributions to Ordinals and the notion of 'rare sats,' RuneBox Protocol champions the idea that the fascination with rare sats should extend beyond miners, aiming to enrich a broader audience with a deeper comprehension of these concepts. RuneBox transcends mere promotion of rare sats' adoption. By integrating the principles of rare sats into the visually captivating RuneBox, it advocates for inclusivity and the democratization of Bitcoin wealth, making it accessible and understandable to a wider community.

Bitcoin's blockchain features several periodic events that contribute to a system of rarity, with varying frequencies:

Blocks: Approximately every 10 minutes, a new block is mined.

Difficulty Adjustments: Occurring every 2016 blocks, or about every two weeks, the network adjusts the difficulty level required for mining new blocks. This adjustment is a response to changes in the network's hashrate.

Halvings: Roughly every four years, or every 210,000 blocks, Bitcoin undergoes a halving event where the number of new satoshis created in each block is reduced by half. This process significantly impacts the rate of new Bitcoin creation.

Cycles: A unique and rare event called a conjunction happens every six halvings, approximately every 24 years. This is when a halving event and a difficulty adjustment occur simultaneously. The period between these conjunctions is referred to as a cycle. The first such conjunction is anticipated to occur around 2032.

These events play a crucial role in Bitcoin's economic model, influencing factors like mining incentives and scarcity.

Rarity Class

• Mythic: The first RuneBox of the genesis block.

• Legendary: The first RuneBox of each cycle.

• Epic: The first RuneBox of each halving epoch.

• Rare: The first RuneBox in each difficulty adjustment period.

• Uncommon: The first RuneBox of each block.

Rarity levels are indicated by specific colors and emoji symbols