Question 1

What is the Runes Protocol?

Accepted Answer

The Runes Protocol introduces a new token standard for creating fungible tokens on the Bitcoin network. Unlike BRC-20 tokens, which encode data on individual satoshis, Runes utilizes Bitcoin's existing UTXO model to minimize additional data stored on the blockchain. This specialized approach simplifies the generation and management of fungible tokens on the Bitcoin network.

Question 2

Who created Bitcoin Runes?

Accepted Answer

Casey Rodarmor, a well-known developer, is the creator of the Runes Protocol, which was launched in April 2024. He is also renowned for developing the Ordinals feature on the Bitcoin blockchain. Casey's involvement adds credibility and excitement to the project, given his strong track record in developing innovative solutions for Bitcoin. His active participation in the core team has generated trust and enthusiasm within the Bitcoin community, making the Runes Protocol highly anticipated.

Question 3

How does the Runes Protocol improve upon the BRC-20 token standard?

Accepted Answer

The Runes Protocol improves upon the BRC-20 token standard by addressing the main issue of creating surplus 'junk' UTXOs that can clog the Bitcoin network. It achieves this by leveraging Bitcoin's native on-chain data storage and utilizing the OP_RETURN part of transactions, resulting in cleaner and more efficient transactions. This approach reduces network congestion, leading to faster, more reliable, and less expensive transactions. Furthermore, the protocol's compatibility with the Lightning Network further enhances transaction speed and reduces costs.

Question 4

What are UTXOs and how do they relate to the Runes Protocol?

Accepted Answer

UTXOs, or Unspent Transaction Outputs, represent remaining Bitcoin amounts from prior transactions that have not been spent. The Runes Protocol utilizes UTXOs to generate new transactions, ensuring each Bitcoin's traceability to its origin. This approach enhances security and authenticity by mitigating the risk of coin duplication. Leveraging UTXOs, the Runes Protocol maintains a streamlined and efficient transaction system, thereby improving the overall user experience on the Bitcoin network.

Question 5

How does the Runes Protocol enhance security and stability for Bitcoin transactions?

Accepted Answer

The Runes Protocol enhances security and stability for Bitcoin transactions by utilizing UTXO for on-chain data storage. This approach reduces security vulnerabilities and ensures stronger safety features. Additionally, Runes is more resistant to blockchain reorganizations, thereby providing greater transaction stability and a more secure, reliable platform for users

Question 6

How can one buy, sell, and view Runes?

Accepted Answer

To engage with Runes, users need a Runes-compatible Bitcoin wallet, a supply of Bitcoin for transactions, and can utilize platforms like Bitget for token management.

Question 7

What Is the significance of the Runestone NFT project in the context of Runes?

Accepted Answer

The Runestone NFT project airdropped free Runestones to wallets with three or more digital items before its launch, creating excitement and drawing a larger audience to the Runes ecosystem. Runestones act as a gateway for users to acquire Runes, improving accessibility and encouraging participation. The project's success highlights the potential for broad adoption and community engagement, aligning with Bitcoin's mission of economic freedom and inclusivity.

Question 8

What benefits does Lightning Network compatibility bring to the Runes Protocol?

Accepted Answer

Lightning Network compatibility enables Runes transactions to circumvent delays and high fees typically associated with the Bitcoin network. This additional layer built on top of Bitcoin facilitates faster and more cost-effective transactions by processing micropayments off-chain and settling them on the Bitcoin blockchain. For users, this translates to enhanced transaction efficiency, reduced costs, and improved scalability. Integrating Lightning Network compatibility enhances the usability and appeal of Runes, making it a more practical and attractive option for conducting token transactions on the Bitcoin network.

Tick	Price	24h change	Market cap	Volume (24h)	Holders	Transaction

CBBTCS•CBBTCS	$0.00 0.00 Sats	0.00%	$0.00 0.00	$0.00 0.00	1	-
CBBTC•CBBTC•BTC	$0.00 0.00 Sats	0.00%	$0.00 0.00	$0.00 0.00	1	-
BTC•CBBTC•CBBTC	$0.00 0.00 Sats	0.00%	$0.00 0.00	$0.00 0.00	1	-
BTC•FRACTAL•BITCOIN	$0.00 0.00 Sats	0.00%	$0.00 0.00	$0.00 0.00	1	-
ORDINALS•SATS	$0.00 0.00 Sats	0.00%	$0.00 0.00	$0.00 0.00	1	-
SHORT•THE•WORLD	$0.0001075 0.1545 Sats	-8.69%	$0.00 0.00	$49.97 0.0008512	18,489	1,082
BILLION•DOLLAR•CAT	$0.07270 104.5 Sats	-8.62%	$0.00 0.00	$28,946.25 0.4931	11,336	45,687
THE•OFFICIAL•BOZO	$0.001044 1.5 Sats	-1.88%	$0.00 0.00	$76.39 0.001301	6,922	1,974
PUPS•WORLD•PEACE	$0.1656 238 Sats	-0.69%	$0.00 0.00	$19,559.1 0.3332	9,930	13,489
THE•RUNE•GUARDIANS	$0.{5}2783 0.004000 Sats	0.00%	$0.00 0.00	$0.00 0.00	7,076	598
SHITCOIN•MILLIONAIRE	$0.009044 13 Sats	0.00%	$0.00 0.00	$0.00 0.00	7,112	667
SUPER•MARIO•COIN	$0.{6}2004 0.0002880 Sats	-6.53%	$0.00 0.00	$241.32 0.004111	7,084	1,796
SPACEY•CODARMOR	$0.{4}5565 0.08000 Sats	0.00%	$0.00 0.00	$0.00 0.00	6,929	129
MEMEPOOL•SPACE	$0.{4}9044 0.1300 Sats	0.00%	$0.00 0.00	$0.00 0.00	6,730	1,608
KEY•TO•VALHALLA	$0.{5}6261 0.009000 Sats	0.00%	$0.00 0.00	$0.00 0.00	6,633	177
REX•BLOCKCHAIN	$0.01391 20 Sats	-1.88%	$0.00 0.00	$35.65 0.0006072	6,142	443
FUNNY•FISH•MASK	$0.{7}9739 0.0001400 Sats	-7.65%	$0.00 0.00	$5.42 0.{4}9225	6,040	21,115
HODL•DIAMOND•DICK	$0.0001461 0.2100 Sats	-3.74%	$0.00 0.00	$423.62 0.007216	5,951	2,540
PEPE•IS•BITCOIN	$0.{8}3478 0.{5}5000 Sats	0.00%	$0.00 0.00	$0.00 0.00	5,550	221
ORDINALS•ARE•DEAD	$0.0006957 1 Sats	0.00%	$0.00 0.00	$0.00 0.00	5,324	7,111
PEPE•WIT•HONKERS	$0.00 0.04000 Sats	0.21%	$0.00 0.00	$47.33 0.0008062	4,955	2,235
SATORIA•ONIGIRI	$0.001739 2.5 Sats	0.00%	$0.00 0.00	$0.00 0.00	4,915	42
OKX•METAVERSE•RUNES	$0.09739 140 Sats	0.00%	$0.00 0.00	$0.00 0.00	6,760	305
RUNI•RUNI•RUNI•RUNI	$0.4835 695 Sats	0.00%	$0.00 0.00	$0.00 0.00	4,894	1,321
NOTHING•RUNES	$0.{5}2087 0.003000 Sats	0.00%	$0.00 0.00	$0.00 0.00	4,478	27
WORLD•PEACE•MONEY	$0.0008278 1.19 Sats	-1.86%	$0.00 0.00	$54.07 0.0009210	4,340	673
THE•RUNE•GUARDIANS•MINERS	$0.3478 500 Sats	-10.72%	$0.00 0.00	$65.37 0.001113	4,282	476
SEND•RUNE•PEPE	$0.{5}1391 0.002000 Sats	96.22%	$0.00 0.00	$7,006.06 0.1193	1,782	2,128
GWEI•BAD•SATS•GOOD	$0.03096 44.5 Sats	0.00%	$0.00 0.00	$0.00 0.00	1,612	11
CASEYS•MOM•HAS•GOT•IT•GOING•ON	$0.0007305 1.05 Sats	0.00%	$0.00 0.00	$0.00 0.00	1,476	1,136
CODE•MONKEY•UNIT	$0.0007235 1.04 Sats	0.00%	$0.00 0.00	$0.00 0.00	1,447	61
SEPPUKU•IN•MAY•AND•GO•AWAY	$0.004174 6 Sats	0.00%	$0.00 0.00	$0.00 0.00	1,423	442
VILE•ABYSS•OF•HOPIUM	$0.003311 4.76 Sats	0.00%	$0.00 0.00	$0.00 0.00	1,420	25
DEGENS•WIF•HATS	$0.{6}7652 0.001100 Sats	0.00%	$0.00 0.00	$0.00 0.00	1,413	343
MIKEHAL•SAILOR	$0.03131 45 Sats	0.00%	$0.00 0.00	$0.00 0.00	1,383	167
APE•SEASON•COIN	$0.001044 1.5 Sats	0.00%	$0.00 0.00	$0.00 0.00	1,384	419
NON•STOP•NYAN•CAT	$0.{8}5287 0.{5}7600 Sats	0.00%	$0.00 0.00	$0.00 0.00	1,340	1,615
LEEROY•JENKINS	$0.005565 8 Sats	0.00%	$0.00 0.00	$0.00 0.00	1,228	2,469
PEPEGA•STUPID•MIND	$0.{4}2365 0.03400 Sats	2.70%	$0.00 0.00	$214.87 0.003660	1,291	2,226
APES•SENDAPES•SEND	$4.24 6,100 Sats	-1.88%	$0.00 0.00	$56.09 0.0009555	1,290	612
FAKE•INTERNET•MONEY	$0.001210 1.74 Sats	0.00%	$0.00 0.00	$0.00 0.00	1,212	542
ARTIFICIAL•INTELLIGENCE	$0.003478 5 Sats	-1.88%	$0.00 0.00	$23.33 0.0003975	1,267	978
SATOSHI•IS•A•CHAD	$0.002435 3.5 Sats	0.00%	$0.00 0.00	$0.00 0.00	463	43
SHIB•SHIBA•INU	$0.{7}9739 0.0001400 Sats	0.00%	$0.00 0.00	$0.00 0.00	78	3
BUY•BTC•FUCK•THE•FED	$0.{4}6261 0.09000 Sats	0.00%	$0.00 0.00	$0.00 0.00	41	-
FIGHT•FOR•THE•PEOPLE	$0.001391 2 Sats	0.00%	$0.00 0.00	$0.00 0.00	48	16
DAHUA•SHI•SHABI	$0.00 0.00 Sats	0.00%	$0.00 0.00	$0.00 0.00	20	-
ADRENOCHROME	$0.00 0.00 Sats	0.00%	$0.00 0.00	$0.00 0.00	18	-
MISOESIRISIRISEOSIM	$0.00 0.00 Sats	0.00%	$0.00 0.00	$0.00 0.00	9	7
ELDER•FUTHARK	$0.00 0.00 Sats	0.00%	$0.00 0.00	$0.00 0.00	8	-

Runes market prices

About Runes

All Runes tokens

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