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

CHUNKY•FUNKY•MONKEY	$0.{4}1069 0.009990 Sats	3.11%	$0.00 0.00	$0.00 0.00	261	205
KISS•YOUR•HOMIES•GOODNIGHT	$0.05352 50 Sats	0.03%	$0.00 0.00	$0.00 0.00	361	3
THE•EAR•MUST•STAY•ON	$0.{4}8563 0.08000 Sats	-74.65%	$0.00 0.00	$5,124.97 0.08141	245	162
RUNE•TOKEN•GO•TO•THE•MOON	$0.06422 60 Sats	0.00%	$0.00 0.00	$0.00 0.00	245	-
UNCOMMON•PEPE	$0.{4}5352 0.05000 Sats	0.66%	$0.00 0.00	$0.00 0.00	241	10
BITCOIN•RUNES•PROTOCOL	$0.00 0.00 Sats	0.00%	$0.00 0.00	$0.00 0.00	257	-
RARE•PUPS•LORDKET	$131.75 123,092.18 Sats	0.00%	$91,628.51 0.9580	$0.00 0.00	245	16
ROBERT•F•KENNEDY	$0.003104 2.9 Sats	0.66%	$0.00 0.00	$0.00 0.00	241	40
THE•ELON•MUSK•COIN	$0.008134 7.6 Sats	4.54%	$144,328.12 1.38	$0.00 0.00	240	194
POCKET•WIF•STONE	$0.{4}4709 0.04400 Sats	2.64%	$0.00 0.00	$0.00 0.00	242	7
SATS•GO•TO•THE•MOON	$0.{11}6422 0.{8}6000 Sats	4.54%	$14,810.2 0.1330	$13.94 0.0002215	289	34
RELAYX•RELAYX•RELAYX	$0.{6}4281 0.0004000 Sats	39.14%	$0.00 0.00	$49.51 0.0007864	248	114
HOODIE•GANG•GANG	$0.00 0.00 Sats	0.00%	$0.00 0.00	$0.00 0.00	258	6
ITS•A•FULL•MOON	$0.01097 10.25 Sats	-0.22%	$137,141.56 1.32	$560.17 0.008898	1,707	4,192
RSA•ALGORITHM	$0.002344 2.19 Sats	-1.96%	$12,715.87 0.1338	$0.00 0.00	247	183
PSBTS•PSBTS•PSBTS	$0.007482 6.99 Sats	0.00%	$2.52M 24.69	$0.00 0.00	223	1
THE•CASEY•RODARMOR	$0.{4}1605 0.01500 Sats	1.16%	$0.00 0.00	$0.00 0.00	228	45
RODARMORWIFHAT	$0.0006422 0.6000 Sats	-6.24%	$16,062.34 0.1821	$0.00 0.00	390	9
ORANGE•MAN•GOOD	$0.{5}2783 0.002600 Sats	1.39%	$0.00 0.00	$0.00 0.00	230	50
SEND•BTC•TO•ZERO	$0.002141 2 Sats	-1.30%	$0.00 0.00	$0.00 0.00	257	3
VIDEO•GAME•LION	$0.0009526 0.8900 Sats	1.47%	$2,874.75 0.03496	$0.00 0.00	218	167
SPURDO•SPARDE	$0.{4}2141 0.02000 Sats	-2.98%	$0.00 0.00	$0.00 0.00	203	10
RUNE•DOG•WIF•HAT	$0.0001070 0.1000 Sats	5.17%	$0.00 0.00	$0.00 0.00	204	3
CAI•YUAN•GUANG•JIN	$0.02997 28 Sats	0.00%	$0.00 0.00	$0.00 0.00	1,262	4
COOK•THE•MEMPOOL•TWO	$0.002676 2.5 Sats	0.00%	$0.00 0.00	$0.00 0.00	207	-
CHEEZBURGER•ON•SATS•HAPPY•CAT	$0.006261 5.85 Sats	-9.70%	$0.00 0.00	$0.00 0.00	201	47
REST•IN•PEACE•DOGE	$0.001049 0.9800 Sats	2.74%	$0.00 0.00	$0.00 0.00	208	26
MAP•THE•RUNESCAPE	$0.002141 2 Sats	1.05%	$0.00 0.00	$0.00 0.00	203	12
FROM•BITCOIN•WITH•LOVE	$0.002740 2.56 Sats	1.02%	$42,695.04 0.4622	$0.00 0.00	206	220
CASASCIUS•COIN	$2.14 1,999 Sats	-0.85%	$0.00 0.00	$0.00 0.00	205	4
TINY•GREEN•MALL•WIZARD	$0.0004281 0.4000 Sats	2.30%	$0.00 0.00	$0.00 0.00	210	125
THE•PRE•RICH•JEET	$0.4217 394 Sats	-20.59%	$0.00 0.00	$0.00 0.00	197	27
MINDDISTURBIA	$0.01014 9.47 Sats	2.31%	$9,546.58 0.09404	$0.00 0.00	200	139
X•LOUIS•CRYPTON•X	$0.{5}3318 0.003100 Sats	2.68%	$0.00 0.00	$0.00 0.00	216	23
BTC•ORDI•RUNES•BTC	$0.{6}2248 0.0002100 Sats	0.00%	$0.00 0.00	$0.00 0.00	203	-
BITCOIN•IS•HELL•MONEY	$0.{4}4816 0.04500 Sats	-3.65%	$0.00 0.00	$0.00 0.00	195	50
QUANTUM•CATS•RUNE	$0.0001284 0.1200 Sats	0.00%	$11,321.78 0.1282	$0.00 0.00	834	201
STUPID•SILLY•DOG	$0.002997 2.8 Sats	-7.20%	$29,475.98 0.2810	$127.12 0.002019	192	441
PIXELRUNES•PIGGY	$17.98 16,800 Sats	-0.08%	$0.00 0.00	$0.00 0.00	195	-
THE•SIX•STINKY•CATS•GANG	$0.{5}2569 0.002400 Sats	-0.26%	$0.00 0.00	$0.00 0.00	193	7
YI•JIAN•MEI•CASEY	$0.0004281 0.4000 Sats	2.84%	$7,294.86 0.07916	$0.00 0.00	556	156
ADB•HEG•HON•GYU•NDA•NGT•OUL	$0.05887 55 Sats	4.63%	$0.00 0.00	$0.00 0.00	190	128
BITCOIN•A•PEER•TO•PEER•ECASH•SYS	$0.2258 211 Sats	0.00%	$0.00 0.00	$0.00 0.00	193	-
PUNK•THREE•SIX•ZERO•NINE	$321,096.9 300.00M Sats	-0.30%	$0.00 0.00	$0.00 0.00	189	-
WWW•DADDYPLEASE•FUN	$0.001060 0.9900 Sats	-4.98%	$8,408.32 0.08862	$0.00 0.00	194	2
PEPE•AND•BINGUS	$0.07492 70 Sats	-2.46%	$0.00 0.00	$0.00 0.00	180	13
NEURALINK•RUNES	$0.001605 1.5 Sats	0.00%	$0.00 0.00	$0.00 0.00	188	-
STKR•TURBO•STACKING	$0.{5}9312 0.008700 Sats	-1.92%	$8,245.48 0.07831	$0.00 0.00	370	52
HOT•BITCOIN•SUMMER	$0.0002141 0.2000 Sats	-2.45%	$12,126.47 0.1386	$0.00 0.00	188	179
COCKTOSHI•COCKAMOTO	$0.{4}2515 0.02350 Sats	-1.83%	$42,731.55 0.4590	$0.00 0.00	181	5

Runes market prices

About Runes

All Runes tokens

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