What Is the Runes Protocol? Record High BTC Fees Following Launch
What Is the Runes Protocol? Record High BTC Fees Following Launch Runes is a new fungible token protocol that aims to be more efficient and user-friendly than incumbents like BRC-20. It is proposed by Casey Rodarmor, the developer behind Bitcoin Ordinals. Table of Contents Introduction What Is the Runes Protocol on Bitcoin? How Are Runes Different From Ordinals and BRC-20? Runes Ordinals BRC-20 Why Did Rodarmor Create Ordinals? What's the Significance of Its Bitcoin Halving Launch? How Runes Protocol Works Core Concepts Etching, Minting, Transferring and Cenotaphs How Can Runes Benefit Bitcoin? How To Get Runes Tokens What's Next for Runes? Conclusion Introduction As Bitcoin sees its fourth halving this weekend, a new token protocol will launch in its wake that will make its network more efficient and could reshape how we view the future of the world's largest cryptocurrency. Runes is a new protocol first proposed in September 2023 by Casey Rodarmor, the Bitcoin dev...