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	$0.0001292 0.1580 Sats	-8.69%	$0.00 0.00	$49.97 0.0008512	19,062	1,111
BILLION•DOLLAR•CAT	$0.1325 162 Sats	-8.62%	$0.00 0.00	$28,946.25 0.4931	12,040	48,465
THE•OFFICIAL•BOZO	$0.001299 1.59 Sats	-1.88%	$0.00 0.00	$76.39 0.001301	6,867	2,224
PUPS•WORLD•PEACE	$0.2935 359 Sats	-0.69%	$0.00 0.00	$19,559.1 0.3332	10,175	15,605
THE•RUNE•GUARDIANS	$0.{5}2044 0.002500 Sats	0.00%	$0.00 0.00	$0.00 0.00	7,075	602
SHITCOIN•MILLIONAIRE	$0.006459 7.9 Sats	0.00%	$0.00 0.00	$0.00 0.00	7,110	667
SUPER•MARIO•COIN	$0.{6}2034 0.0002488 Sats	-6.53%	$0.00 0.00	$241.32 0.004111	7,085	1,796
SPACEY•CODARMOR	$0.{4}6541 0.08000 Sats	0.00%	$0.00 0.00	$0.00 0.00	6,929	129
MEMEPOOL•SPACE	$0.0001053 0.1288 Sats	0.00%	$0.00 0.00	$0.00 0.00	6,727	1,611
KEY•TO•VALHALLA	$0.{4}1063 0.01300 Sats	0.00%	$0.00 0.00	$0.00 0.00	6,642	211
REX•BLOCKCHAIN	$0.01472 18 Sats	-1.88%	$0.00 0.00	$35.65 0.0006072	6,136	447
FUNNY•FISH•MASK	$0.{7}8994 0.0001100 Sats	-7.65%	$0.00 0.00	$5.42 0.{4}9225	6,039	21,116
HODL•DIAMOND•DICK	$0.0001717 0.2100 Sats	-3.74%	$0.00 0.00	$423.62 0.007216	5,953	2,541
PEPE•IS•BITCOIN	$0.{8}4088 0.{5}5000 Sats	0.00%	$0.00 0.00	$0.00 0.00	5,549	224
ORDINALS•ARE•DEAD	$0.0007440 0.9100 Sats	0.00%	$0.00 0.00	$0.00 0.00	5,323	7,122
PEPE•WIT•HONKERS	$0.00 0.04000 Sats	0.21%	$0.00 0.00	$47.33 0.0008062	4,955	2,237
SATORIA•ONIGIRI	$0.002044 2.5 Sats	0.00%	$0.00 0.00	$0.00 0.00	4,916	42
OKX•METAVERSE•RUNES	$0.1145 140 Sats	0.00%	$0.00 0.00	$0.00 0.00	6,823	305
RUNI•RUNI•RUNI•RUNI	$0.5478 670 Sats	0.00%	$0.00 0.00	$0.00 0.00	4,845	1,341
NOTHING•RUNES	$0.{5}2453 0.003000 Sats	0.00%	$0.00 0.00	$0.00 0.00	4,478	27
WORLD•PEACE•MONEY	$0.0009640 1.18 Sats	-1.86%	$0.00 0.00	$54.07 0.0009210	4,348	682
THE•RUNE•GUARDIANS•MINERS	$0.3270 400 Sats	-10.72%	$0.00 0.00	$65.37 0.001113	4,280	478
SEND•RUNE•PEPE	$0.{5}1276 0.001600 Sats	96.22%	$0.00 0.00	$7,006.06 0.1193	1,783	2,128
GWEI•BAD•SATS•GOOD	$0.03638 44.5 Sats	0.00%	$0.00 0.00	$0.00 0.00	1,612	11
CASEYS•MOM•HAS•GOT•IT•GOING•ON	$0.0006459 0.7900 Sats	0.00%	$0.00 0.00	$0.00 0.00	1,476	1,136
CODE•MONKEY•UNIT	$0.0008503 1.04 Sats	0.00%	$0.00 0.00	$0.00 0.00	1,447	61
SEPPUKU•IN•MAY•AND•GO•AWAY	$0.004906 6 Sats	0.00%	$0.00 0.00	$0.00 0.00	1,423	443
VILE•ABYSS•OF•HOPIUM	$0.003892 4.76 Sats	0.00%	$0.00 0.00	$0.00 0.00	1,420	25
DEGENS•WIF•HATS	$0.{6}3270 0.0004000 Sats	0.00%	$0.00 0.00	$0.00 0.00	1,413	347
MIKEHAL•SAILOR	$0.03679 45 Sats	0.00%	$0.00 0.00	$0.00 0.00	1,383	174
APE•SEASON•COIN	$0.001390 1.7 Sats	0.00%	$0.00 0.00	$0.00 0.00	1,385	420
NON•STOP•NYAN•CAT	$0.{8}5723 0.{5}7000 Sats	0.00%	$0.00 0.00	$0.00 0.00	1,345	1,616
LEEROY•JENKINS	$0.004906 6 Sats	0.00%	$0.00 0.00	$0.00 0.00	1,228	2,474
PEPEGA•STUPID•MIND	$0.{4}2780 0.03400 Sats	2.70%	$0.00 0.00	$214.87 0.003660	1,291	2,226
APES•SENDAPES•SEND	$4.99 6,100 Sats	-1.88%	$0.00 0.00	$56.09 0.0009555	1,289	612
FAKE•INTERNET•MONEY	$0.0008094 0.9900 Sats	0.00%	$0.00 0.00	$0.00 0.00	1,211	546
ARTIFICIAL•INTELLIGENCE	$0.002862 3.5 Sats	-1.88%	$0.00 0.00	$23.33 0.0003975	1,264	987
SATOSHI•IS•A•CHAD	$0.002862 3.5 Sats	0.00%	$0.00 0.00	$0.00 0.00	463	43
SHIB•SHIBA•INU	$0.{6}1145 0.0001400 Sats	0.00%	$0.00 0.00	$0.00 0.00	79	4
BUY•BTC•FUCK•THE•FED	$0.{4}7358 0.09000 Sats	0.00%	$0.00 0.00	$0.00 0.00	41	-
FIGHT•FOR•THE•PEOPLE	$0.001226 1.5 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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