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

OCTOGLYPH•VIFALU	$0.00 0.00 Sats	0.00%	$0.00 0.00	$0.00 0.00	1	-
OCTOGLYPH•NAFAKAMA	$0.00 0.00 Sats	0.00%	$0.00 0.00	$0.00 0.00	1	-
OCTOGLYPH•MIMIZOLE	$0.00 0.00 Sats	0.00%	$0.00 0.00	$0.00 0.00	1	-
OCTOGLYPH•RATIFATU	$0.00 0.00 Sats	0.00%	$0.00 0.00	$0.00 0.00	1	-
OCTOGLYPH•MARAMIKA	$0.00 0.00 Sats	0.00%	$0.00 0.00	$0.00 0.00	1	-
OCTOGLYPH•KATUSI	$0.00 0.00 Sats	0.00%	$0.00 0.00	$0.00 0.00	1	-
OCTOGLYPH•VINAZO	$0.00 0.00 Sats	0.00%	$0.00 0.00	$0.00 0.00	1	-
OCTOGLYPH•ZOTUKA	$0.00 0.00 Sats	0.00%	$0.00 0.00	$0.00 0.00	1	-
OCTOGLYPH•PAMIKAFA	$0.00 0.00 Sats	0.00%	$0.00 0.00	$0.00 0.00	1	-
OCTOGLYPH•LEKESIKE	$0.00 0.00 Sats	0.00%	$0.00 0.00	$0.00 0.00	1	-
OCTOGLYPH•FALUTURA	$0.00 0.00 Sats	0.00%	$0.00 0.00	$0.00 0.00	1	-
OCTOGLYPH•PAVIKAPA	$0.00 0.00 Sats	0.00%	$0.00 0.00	$0.00 0.00	1	-
OCTOGLYPH•TILULENA	$0.00 0.00 Sats	0.00%	$0.00 0.00	$0.00 0.00	1	-
OCTOGLYPH•NAZORAKA	$0.00 0.00 Sats	0.00%	$0.00 0.00	$0.00 0.00	1	-
OCTOGLYPH•RALESILE	$0.00 0.00 Sats	0.00%	$0.00 0.00	$0.00 0.00	1	-
OCTOGLYPH•LUKATU	$0.00 0.00 Sats	0.00%	$0.00 0.00	$0.00 0.00	1	-
OCTOGLYPH•RATUTIMI	$0.00 0.00 Sats	0.00%	$0.00 0.00	$0.00 0.00	1	-
OCTOGLYPH•TUKESIMI	$0.00 0.00 Sats	0.00%	$0.00 0.00	$0.00 0.00	1	-
EMPIRE•OF•GAMES	$0.00 0.00 Sats	0.00%	$0.00 0.00	$0.00 0.00	1	-
PEPETOSHI•NAKAMOTO	$0.{4}6779 0.07700 Sats	-46.55%	$0.00 0.00	$115.21 0.001713	3,524	893
DOTSWAP•DOTSWAP	$0.1044 118.6 Sats	0.52%	$10.54M 119.73	$0.00 0.00	3,163	208
MAGIC•SPELLCAST	$0.{9}4666 0.{6}5300 Sats	-0.66%	$0.00 0.00	$586.81 0.008725	2,781	267
BITMAP•EMPORIUM	$0.{6}8804 0.001000 Sats	-8.29%	$18,664.09 0.2120	$0.00 0.00	1,137	68
FEARNOT•FEARNOT•FEARNOT	$0.{6}1849 0.0002100 Sats	-37.18%	$0.00 0.00	$338.41 0.005032	1,121	1,038
CIGGY•BUTT•BRAIN	$0.{4}3434 0.03900 Sats	17.72%	$0.00 0.00	$9.61 0.0001430	1,105	2,794
BRIDGE•OP•CAT•RUNES	$0.{5}7043 0.008000 Sats	-2.25%	$0.00 0.00	$24.39 0.0003626	1,014	2,559
CAT•WIF•NINE•LIVES	$0.{4}3346 0.03800 Sats	0.91%	$30,322.85 0.3444	$7.18 0.0001067	1,096	2,823
BITCOIN•BABY•YODA	$0.{4}8804 0.1000 Sats	0.03%	$0.00 0.00	$0.00 0.00	1,067	37
ART•IS•THE•TICKER	$0.02849 32.36 Sats	0.52%	$603,969.82 6.86	$231.42 0.003441	1,062	875
KOALA•ON•IMPALA	$0.01937 22 Sats	2.70%	$409,606.82 4.65	$0.00 0.00	1,027	371
APPLE•ETF•AI•COIN	$0.09597 109 Sats	0.52%	$948.66M 10,775.13	$1,156.79 0.01720	2,131	397
BABYDOG•RUNECOIN	$0.{6}7748 0.0008800 Sats	8.17%	$78,020.35 0.8862	$177.89 0.002645	1,805	690
Z•Z•Z•Z•FEHU•Z•Z•Z•Z	$0.7818 888 Sats	2.64%	$0.00 0.00	$0.00 0.00	1,440	29
BILLION•DOLLAR•PI	$0.{10}6779 0.{7}7700 Sats	-5.76%	$219,244.85 2.49	$32.75 0.0004869	4,319	312
LATE•STAGE•CAPITALISM	$0.{4}2553 0.02900 Sats	-0.68%	$25,774.21 0.2928	$0.00 0.00	835	869
GAME•WORLD•COIN	$0.0005282 0.6000 Sats	4.19%	$100,174.16 1.08	$0.00 0.00	1,616	50
SPOOKY•THE•WEIRDO	$0.{4}9685 0.1100 Sats	1.47%	$0.00 0.00	$0.00 0.00	987	169
PEPE•COIN•RUNE	$0.{9}8804 0.{5}1000 Sats	-41.85%	$0.00 0.00	$0.00 0.00	843	159
LUSLY•LUSLY•LUSLY	$0.0009861 1.12 Sats	-14.81%	$0.00 0.00	$0.00 0.00	808	128
BASED•INTERNET•PANDA	$0.01074 12.2 Sats	0.52%	$4.93M 56.03	$437.02 0.006498	1,965	14,212
NOTHING•PROTOCOL	$0.{4}8804 0.1000 Sats	0.00%	$0.00 0.00	$0.00 0.00	812	-
NOOT•NOOT•MFERS	$0.002351 2.67 Sats	-0.02%	$1.25M 14.23	$719.46 0.01070	1,100	3,671
SEND•ALIEN•NODES	$0.0005635 0.6400 Sats	-18.83%	$48,683.94 0.5615	$18.16 0.0002700	1,883	533
WWW•CANONIC•XYZ	$66.91 76,000 Sats	1.19%	$0.00 0.00	$0.00 0.00	810	26
RAMBO•THE•PUPO	$0.001497 1.7 Sats	1.04%	$0.00 0.00	$0.00 0.00	789	1,296
VIVA•LASOGETTE	$0.006867 7.8 Sats	81.10%	$537,867.54 6.11	$0.00 0.00	742	678
PEIPEI•THE•FROG	$0.001981 2.25 Sats	7.32%	$41,994.19 0.4770	$146.06 0.002172	774	1,883
TAPROOT•WIZORDS	$0.{5}4138 0.004700 Sats	-28.66%	$0.00 0.00	$160.83 0.002391	769	519
WIZARD•FREEDOM	$0.002289 2.6 Sats	0.73%	$105,465.16 1.2	$0.00 0.00	753	202
UNISAT•MAKES•PIZZA	$0.003522 4 Sats	-0.46%	$18,441.17 0.2095	$15.16 0.0002255	752	606

Runes market prices

About Runes

All Runes tokens

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