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

BITCOIN•WORLD•ORDER	$0.01841 19 Sats	4.55%	$387,225.32 4	$0.00 0.00	2,381	3,327
SATOSHI•NAKAMOTO•INU	$0.{10}1163 0.{7}1200 Sats	4.55%	$243,389.09 2.51	$754.56 0.01199	2,339	3,035
ANARCHO•CATBUS	$0.05619 58 Sats	4.55%	$1.18M 12.15	$911.12 0.01448	2,310	1,869
KERNEL•BITCORN	$0.007169 7.4 Sats	132.33%	$496,461.8 5.12	$101.95 0.001620	2,280	238
WHY•YOU•SO•SERIOUS	$0.04747 49 Sats	2.70%	$0.00 0.00	$0.00 0.00	3,271	88
BITCOIN•TRUMPS	$0.002906 3 Sats	4.55%	$57,047.45 0.6332	$32.06 0.0005095	2,195	70
INU•NI•MAKEMASEN	$0.004844 5 Sats	2.16%	$101,333.19 1.05	$0.00 0.00	2,186	1,113
RUNNING•BITCOIN	$0.{4}1259 0.01300 Sats	1.88%	$265,044.61 2.74	$3.17 0.{4}5040	2,146	1,302
COMIC•CAPITALS	$0.001211 1.25 Sats	0.08%	$0.00 0.00	$0.00 0.00	2,174	11
WIZARD•IN•THE•SATS	$0.09494 98 Sats	0.00%	$0.00 0.00	$0.00 0.00	1,047	1
NIKOLA•TESLA•GOD	$0.003681 3.8 Sats	3.24%	$3.73M 38.5	$21,534.48 0.3425	5,437	8,460
AGE•OF•AQUARIUS	$17.44 18,000 Sats	3.05%	$452,964.16 4.68	$0.00 0.00	1,037	2,603
MAKE•AMERICA•GREAT•AGAIN	$0.0007051 0.7290 Sats	-2.82%	$151,202.56 1.56	$53.4 0.0008492	8,060	372
PEPE•GO•TO•THE•SUN	$0.{8}3875 0.{5}4000 Sats	1.97%	$8,118 0.08379	$649.74 0.01033	1,240	1,004
SPARKY•RUNEDOG	$0.001163 1.2 Sats	0.85%	$1.16M 11.97	$869.3 0.01382	1,874	9,144
PAY•ME•IN•BITCOIN	$0.02810 29 Sats	4.52%	$588,726.06 6.08	$0.00 0.00	993	867
THE•PONZI•CHANNEL	$0.{4}8235 0.08500 Sats	4.52%	$0.00 0.00	$0.00 0.00	885	1,772
PIGGED•BY•PIGGY	$0.01258 12.99 Sats	-9.42%	$264,077.83 2.73	$11.29 0.0001795	1,018	6,156
MEMPOOL•MONKEY	$0.0001647 0.1700 Sats	4.52%	$82,139.81 0.8479	$0.00 0.00	989	466
AI•CHATGPT•COIN	$0.02131 22 Sats	4.52%	$446,489.74 4.61	$31.44 0.0005000	1,117	1,042
UNGOVERNABLE	$0.{5}4456 0.004600 Sats	-31.61%	$93,514.86 0.9653	$195.56 0.003110	952	1,377
SCHIZOPHRENIA	$0.005813 6 Sats	-0.97%	$111,480.58 1.15	$0.00 0.00	967	76
CAT•GO•TO•THE•MOON	$0.{4}2519 0.02600 Sats	7.10%	$282,430.57 2.92	$29.85 0.0004748	5,758	3,060
GAME•OF•BITCOIN	$0.4292 443 Sats	-0.46%	$8.93M 93.04	$0.00 0.00	995	94
BAKED•BITCOINS	$0.0001163 0.1200 Sats	4.52%	$0.00 0.00	$0.00 0.00	918	183
MAX•DOG•ONCHAIN	$0.{4}5813 0.06000 Sats	-7.92%	$57,985.68 0.5985	$86.26 0.001372	902	2,276
RUNESTONE•PUPS	$3.88 4,000 Sats	2.35%	$0.00 0.00	$0.00 0.00	1,079	15
RUNES•GRAVITY•ENERGY	$0.{5}9688 0.01000 Sats	22.19%	$0.00 0.00	$26,560.06 0.4224	1,611	1,563
CAMPAIGN•HUSH•MONEY	$0.0008719 0.9000 Sats	4.51%	$0.00 0.00	$0.00 0.00	881	688
SATOSHI•NAKAMOTO•MEMES	$0.{10}2810 0.{7}2900 Sats	1.21%	$0.00 0.00	$0.00 0.00	1,556	31
BILLION•DOLLAR•DOG	$0.0002422 0.2500 Sats	4.66%	$241,607 2.49	$0.00 0.00	876	2,567
FIRSTS•IS•FIRSTS	$0.0007072 0.7300 Sats	1.05%	$0.00 0.00	$0.00 0.00	901	178
HOPE•YOU•GET•RICH	$0.0001550 0.1600 Sats	0.79%	$1.25M 12.93	$1,973.22 0.03138	807	5,472
HAWK•TUAH•SPIT•ON•THAT•THANG	$0.{5}4263 0.004400 Sats	4.52%	$89,297.42 0.9217	$72.92 0.001160	848	3,816
BLOCKS•OF•BITCOIN	$0.01075 11.1 Sats	1.83%	$74,340.53 0.7673	$156.99 0.002496	930	3,412
HAWK•TUAH•FOR•PRESIDENT	$0.{4}1744 0.01800 Sats	4.23%	$0.00 0.00	$6.29 0.0001000	931	35
BUTTERNUT•THE•HELL•CAT	$0.02713 28 Sats	4.52%	$180,704.86 1.87	$0.00 0.00	820	530
PEPE•PI•WORLD•MEME•RUNE	$0.{7}3197 0.{4}3300 Sats	857.56%	$0.00 0.00	$21.62 0.0003438	4,695	316
ANONYMOUS•PLANET	$0.{6}3284 0.0003390 Sats	1.63%	$29,121.7 0.3006	$0.00 0.00	869	52
SHIB•SHIB•SHIB	$0.{10}4844 0.{7}5000 Sats	2.21%	$43,785.23 0.4520	$0.00 0.00	1,635	294
GENERATIONAL•WEALTH	$0.003391 3.5 Sats	-3.87%	$0.00 0.00	$0.00 0.00	565	129
BACK•IN•MCDONALD	$0.0009688 1 Sats	-7.13%	$20,294.99 0.2095	$0.00 0.00	586	772
BIRDS•ARENT•REAL	$0.008525 8.8 Sats	13.89%	$178,595.89 1.84	$31.47 0.0005002	523	2,073
RARE•PUPS•PUPTRADERS	$125.77 129,820 Sats	4.60%	$97,483.73 1.01	$0.00 0.00	551	51
RACCOON•PEDRO•PEDRO	$0.0004747 0.4900 Sats	0.20%	$0.00 0.00	$0.00 0.00	576	638
DUCK•THE•EPIK•DUCK	$0.0009688 1 Sats	-0.60%	$20,295.86 0.2095	$0.00 0.00	568	1,381
REST•IN•PEACE•HARAMBE	$0.006297 6.5 Sats	1.00%	$0.00 0.00	$0.00 0.00	552	171
UNCOMMON•GOODS•OG	$4.94 5,100 Sats	-0.07%	$0.00 0.00	$0.00 0.00	562	32
AI•OWE•YOU•MONEY	$0.0009591 0.9900 Sats	0.38%	$45,771.58 0.4725	$0.00 0.00	2,794	183
PINETWORK•RUNES	$15.69 16,200 Sats	4.60%	$782.81M 8,080.16	$10.19 0.0001620	558	177

Runes market prices

About Runes

All Runes tokens

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