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

SEND•FEET•PICS	$0.0002641 0.3000 Sats	1.04%	$0.00 0.00	$0.00 0.00	744	1,742
PEPE•SURPASS•THE•MOON	$0.{7}1321 0.{4}1500 Sats	0.52%	$134.93M 1,497.63	$0.00 0.00	974	1,198
SATSLAND•XYZ•RUNE	$0.005485 6.23 Sats	2.67%	$0.00 0.00	$0.00 0.00	724	78
ALETHEIAS•AGORA	$5.1 5,790 Sats	0.63%	$594,194.9 6.41	$2,105.57 0.03131	583	3,915
MEMBERS•ORANGE	$0.001752 1.99 Sats	-1.20%	$0.00 0.00	$0.00 0.00	728	533
ELMER•GONNA•FUD	$0.0001814 0.2060 Sats	-4.30%	$0.00 0.00	$0.00 0.00	608	447
UNVACCINATED	$0.{4}2641 0.03000 Sats	2.18%	$0.00 0.00	$0.00 0.00	607	207
STACKING•CATS	$0.002245 2.55 Sats	-12.53%	$0.00 0.00	$0.00 0.00	981	845
DOG•DOG•DOG•RUNE	$0.{5}7043 0.008000 Sats	4.13%	$0.00 0.00	$0.00 0.00	621	330
QUANTUM•CAT•WIF•CAP	$0.{8}1233 0.{5}1400 Sats	-9.43%	$0.00 0.00	$0.00 0.00	593	115
DOWNWARD•DOG•CAT	$0.{4}1497 0.01700 Sats	-42.14%	$0.00 0.00	$0.00 0.00	592	711
RAGE•COMIC•DERP	$0.{4}1672 0.01899 Sats	-2.68%	$0.00 0.00	$0.00 0.00	588	768
RUNESCOIN•DEFI	$0.{7}1761 0.{4}2000 Sats	0.83%	$74,596.31 0.8473	$0.00 0.00	577	359
MAGICAL•FRIEND•BIPO	$0.{4}1321 0.01500 Sats	0.52%	$0.00 0.00	$146.45 0.002178	558	2,147
TRUMP•FEAR•NOT	$0.{5}8804 0.01000 Sats	-31.59%	$11,109.78 0.1233	$91.6 0.001362	560	1,219
WALL•STREET•BETS	$0.007924 9 Sats	0.52%	$167,566.42 1.9	$269.75 0.004011	490	229
AI•RULES•THE•WORLD	$0.0008364 0.9500 Sats	-19.82%	$0.00 0.00	$0.00 0.00	685	234
BITCOIN•SKULLS	$0.0007739 0.8790 Sats	-0.60%	$0.00 0.00	$0.00 0.00	501	14
RARE•PUPS•HOMERPUP	$341.72 388,134 Sats	0.52%	$0.00 0.00	$0.00 0.00	483	30
BIAOQING•PANDA•HEAD	$0.0005282 0.6000 Sats	-0.12%	$0.00 0.00	$0.00 0.00	496	57
ITS•TIME•TO•OIL•UP	$0.007484 8.5 Sats	-1.40%	$0.00 0.00	$0.00 0.00	472	95
RUNE•TEMPERATURE•IQ	$0.007043 8 Sats	1.70%	$0.00 0.00	$0.00 0.00	496	521
FUCK•THE•POLICE	$0.{4}2870 0.03260 Sats	0.28%	$0.00 0.00	$0.00 0.00	491	4
II•RUNE•ROCKS•II	$0.05723 65 Sats	0.00%	$0.00 0.00	$0.00 0.00	489	19
DOGE•PUNKS•BITCOIN	$0.003962 4.5 Sats	0.33%	$0.00 0.00	$0.00 0.00	482	88
CPOS•RUNES•VIRTUAL•MACHINE	$0.02456 27.9 Sats	6.38%	$0.00 0.00	$277.52 0.004126	465	80
GANGSTER•GOOSE	$0.{4}7836 0.08900 Sats	-8.99%	$23,672.08 0.2689	$0.00 0.00	483	478
RGB•RED•BITCOIN•RED•RGB	$24.65 27,999 Sats	0.00%	$0.00 0.00	$0.00 0.00	477	-
BOATY•MCBOATFACE	$0.{10}8804 0.{6}1000 Sats	-1.62%	$0.00 0.00	$0.00 0.00	484	233
WHERE•LAMBO•GORILLA	$0.{5}8804 0.01000 Sats	-9.45%	$0.00 0.00	$0.00 0.00	477	1
PUBLIC•ORDINAL•GOODS	$0.{5}8804 0.01000 Sats	0.02%	$0.00 0.00	$0.00 0.00	474	571
MAJOR•LEAGUE•KITTEN	$0.{5}8276 0.009400 Sats	-1.24%	$0.00 0.00	$0.00 0.00	478	626
OG•ORDINAL•GEESE	$0.008795 9.99 Sats	-3.11%	$0.00 0.00	$0.00 0.00	474	22
BIDEN•BACK•IN•MCDONALDS	$0.{4}3434 0.03900 Sats	0.52%	$0.00 0.00	$70.2 0.001044	455	5
PI•RUNES•TOKEN	$0.{8}1233 0.{5}1400 Sats	-14.56%	$0.00 0.00	$0.00 0.00	481	46
THE•TICKER•IS•GME	$0.001321 1.5 Sats	0.78%	$0.00 0.00	$0.00 0.00	204	32
FIT•DOG•GO•TO•THE•MOON	$0.{4}2641 0.03000 Sats	0.00%	$0.00 0.00	$0.00 0.00	634	-
SNAPPY•THE•CROC	$0.0008804 1 Sats	-2.23%	$0.00 0.00	$0.00 0.00	398	927
TAO•BITTENSOR•RUNES	$0.001321 1.5 Sats	0.15%	$0.00 0.00	$0.00 0.00	391	1
DONT•GET•FROGGY	$0.{10}3522 0.{7}4000 Sats	3.63%	$70,927.59 0.8056	$0.00 0.00	395	278
THE•CHEF•OF•RUNE	$0.006163 7 Sats	0.68%	$0.00 0.00	$0.00 0.00	389	224
THE•JAMES•DAVID•VANCE	$0.{5}4402 0.005000 Sats	0.00%	$0.00 0.00	$0.00 0.00	565	8
MRS•YEN•JAPANESE•HOUSEWIFE	$0.002844 3.23 Sats	1.85%	$0.00 0.00	$0.00 0.00	384	23
ITTY•BITTY•TITTIES	$0.{4}4842 0.05500 Sats	-8.06%	$0.00 0.00	$0.00 0.00	383	394
PUFF•PUFF•WHALE	$0.0008804 1 Sats	0.52%	$0.00 0.00	$0.00 0.00	387	449
TOO•EARLY•TO•SELL	$0.0007043 0.8000 Sats	-2.41%	$0.00 0.00	$0.00 0.00	384	381
TURBO•TOKEN•UTILITY	$0.0002201 0.2500 Sats	7.69%	$0.00 0.00	$0.00 0.00	383	3
PERSPECTIVE•OF•VALUE	$0.00 0.00 Sats	-1.03%	$229,848.22 2.61	$0.00 0.00	476	3
GLORG•THE•BITCOIN•CAT	$0.{6}5547 0.0006300 Sats	0.48%	$0.00 0.00	$0.00 0.00	359	175
WILD•THANG•DOG	$0.{5}7043 0.008000 Sats	-16.11%	$0.00 0.00	$0.00 0.00	383	173

Runes market prices

About Runes

All Runes tokens

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