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.{4}9743 0.1000 Sats	-8.69%	$97,517.81 1	$49.97 0.0008512	21,968	2,342
BILLION•DOLLAR•CAT	$0.02436 25 Sats	-8.62%	$23.40M 240.14	$28,946.25 0.4931	15,208	74,622
THE•OFFICIAL•BOZO	$0.0005846 0.6000 Sats	-1.88%	$632,231.14 6.49	$76.39 0.001301	6,637	3,145
PUPS•WORLD•PEACE	$0.03605 37 Sats	-0.69%	$36.02M 369.65	$19,559.1 0.3332	13,102	35,328
THE•RUNE•GUARDIANS	$0.{5}1257 0.001290 Sats	0.00%	$125,565.87 1.29	$0.00 0.00	7,035	679
SHITCOIN•MILLIONAIRE	$0.005213 5.35 Sats	0.00%	$111,907.96 1.12	$0.00 0.00	7,094	676
SUPER•MARIO•COIN	$0.{6}2728 0.0002800 Sats	-6.53%	$57,301.2 0.5881	$241.32 0.004111	7,076	1,820
SPACEY•CODARMOR	$0.{4}5749 0.05900 Sats	0.00%	$0.00 0.00	$0.00 0.00	6,860	129
MEMEPOOL•SPACE	$0.{4}4872 0.05000 Sats	0.00%	$102,240.43 1.05	$0.00 0.00	6,203	1,627
KEY•TO•VALHALLA	$0.{5}9646 0.009900 Sats	0.00%	$57,599 0.5912	$0.00 0.00	6,632	216
REX•BLOCKCHAIN	$0.01462 15 Sats	-1.88%	$328,830.04 3.14	$35.65 0.0006072	6,079	511
FUNNY•FISH•MASK	$0.{6}6626 0.0006800 Sats	-7.65%	$650,531.95 6.68	$5.42 0.{4}9225	5,894	22,441
HODL•DIAMOND•DICK	$0.0001462 0.1500 Sats	-3.74%	$152,051.47 1.5	$423.62 0.007216	5,944	2,604
PEPE•IS•BITCOIN	$0.{8}1359 0.{5}1395 Sats	0.00%	$600,033.99 5.88	$0.00 0.00	5,553	342
ORDINALS•ARE•DEAD	$0.0005845 0.5999 Sats	0.00%	$238,192.73 2.44	$0.00 0.00	5,328	7,190
PEPE•WIT•HONKERS	$0.{4}2826 0.02900 Sats	0.21%	$193,852.58 1.85	$47.33 0.0008062	4,946	2,290
SATORIA•ONIGIRI	$0.001949 2 Sats	0.00%	$1.58B 15,427.38	$0.00 0.00	5,002	42
OKX•METAVERSE•RUNES	$0.06869 70.5 Sats	0.00%	$68.59M 704.46	$0.00 0.00	7,144	325
RUNI•RUNI•RUNI•RUNI	$0.07308 75 Sats	0.00%	$1.54M 15.76	$0.00 0.00	5,015	1,504
NOTHING•RUNES	$0.{5}1949 0.002000 Sats	0.00%	$40,957.48 0.4204	$0.00 0.00	4,424	67
WORLD•PEACE•MONEY	$0.0004872 0.5000 Sats	-1.86%	$601,798.2 6.18	$54.07 0.0009210	4,370	734
THE•RUNE•GUARDIANS•MINERS	$0.2923 300 Sats	-10.72%	$292,553.44 3	$65.37 0.001113	4,203	714
SEND•RUNE•PEPE	$0.{5}2144 0.002200 Sats	96.22%	$49,432.62 0.5062	$7,006.06 0.1193	1,780	2,132
GWEI•BAD•SATS•GOOD	$0.04336 44.5 Sats	0.00%	$0.00 0.00	$0.00 0.00	1,628	11
CASEYS•MOM•HAS•GOT•IT•GOING•ON	$0.0003897 0.4000 Sats	0.00%	$37,056.77 0.3803	$0.00 0.00	1,477	1,137
CODE•MONKEY•UNIT	$0.001004 1.03 Sats	0.00%	$108,208.13 1.03	$0.00 0.00	1,446	78
SEPPUKU•IN•MAY•AND•GO•AWAY	$0.004862 4.99 Sats	0.00%	$107,129.3 1.05	$0.00 0.00	1,423	447
VILE•ABYSS•OF•HOPIUM	$0.004618 4.74 Sats	0.00%	$93,976.92 0.9937	$0.00 0.00	1,302	26
DEGENS•WIF•HATS	$0.{5}1072 0.001100 Sats	0.00%	$75,134.66 0.7663	$0.00 0.00	1,409	433
MIKEHAL•SAILOR	$0.04385 45 Sats	0.00%	$958,052.97 9.47	$0.00 0.00	1,383	175
APE•SEASON•COIN	$0.0009743 1 Sats	0.00%	$105,627.55 0.9971	$0.00 0.00	1,384	424
NON•STOP•NYAN•CAT	$0.{8}4385 0.{5}4500 Sats	0.00%	$96,943.06 0.9421	$0.00 0.00	1,346	1,621
LEEROY•JENKINS	$0.006577 6.75 Sats	0.00%	$481,277.47 4.72	$0.00 0.00	1,197	2,608
PEPEGA•STUPID•MIND	$0.{4}2826 0.02900 Sats	2.70%	$28,271.06 0.2879	$214.87 0.003660	1,293	2,250
APES•SENDAPES•SEND	$2.92 3,000 Sats	-1.88%	$104,530.9 0.9946	$56.09 0.0009555	1,278	620
FAKE•INTERNET•MONEY	$0.0009256 0.9500 Sats	0.00%	$205,245.72 1.93	$0.00 0.00	1,206	592
ARTIFICIAL•INTELLIGENCE	$0.004852 4.98 Sats	-1.88%	$518,677.94 4.99	$23.33 0.0003975	1,309	2,372
SATOSHI•IS•A•CHAD	$0.001900 1.95 Sats	0.00%	$41,462.18 0.4083	$0.00 0.00	465	44
SHIB•SHIBA•INU	$0.{6}1497 0.0001536 Sats	0.00%	$15,025.2 0.1578	$0.00 0.00	92	13
BUY•BTC•FUCK•THE•FED	$0.{4}7015 0.07200 Sats	0.00%	$0.00 0.00	$0.00 0.00	41	-
FIGHT•FOR•THE•PEOPLE	$0.001462 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	$4.87 5,000 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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