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	$0.0003018 0.2880 Sats	1.04%	$19,453.09 0.1991	$0.00 0.00	746	1,743
PEPE•SURPASS•THE•MOON	$0.{7}7022 0.{4}6700 Sats	0.52%	$657.25M 6,694.87	$0.00 0.00	971	1,244
SATSLAND•XYZ•RUNE	$0.002934 2.8 Sats	2.67%	$61,409.65 0.5907	$0.00 0.00	725	101
ALETHEIAS•AGORA	$5.12 4,888 Sats	0.63%	$590,288.17 5.62	$2,105.57 0.03131	578	3,931
MEMBERS•ORANGE	$0.002086 1.99 Sats	-1.20%	$35,596.86 0.4193	$0.00 0.00	735	536
ELMER•GONNA•FUD	$0.0002159 0.2060 Sats	-4.30%	$0.00 0.00	$0.00 0.00	612	447
UNVACCINATED	$0.{4}3144 0.03000 Sats	2.18%	$0.00 0.00	$0.00 0.00	607	207
STACKING•CATS	$0.001991 1.9 Sats	-12.53%	$41,118.64 0.4188	$0.00 0.00	976	873
DOG•DOG•DOG•RUNE	$0.{6}3144 0.0003000 Sats	4.13%	$26,559 0.2726	$0.00 0.00	611	345
QUANTUM•CAT•WIF•CAP	$0.{8}1258 0.{5}1200 Sats	-9.43%	$24,155.71 0.2521	$0.00 0.00	595	122
DOWNWARD•DOG•CAT	$0.{4}1677 0.01600 Sats	-42.14%	$14,817.49 0.1604	$0.00 0.00	593	712
RAGE•COMIC•DERP	$0.{4}1991 0.01900 Sats	-2.68%	$0.00 0.00	$0.00 0.00	590	768
RUNESCOIN•DEFI	$0.{7}7126 0.{4}6800 Sats	0.83%	$276,164.44 2.89	$0.00 0.00	558	364
MAGICAL•FRIEND•BIPO	$0.{5}9118 0.008700 Sats	0.52%	$185,077.9 1.83	$146.45 0.002178	554	2,160
TRUMP•FEAR•NOT	$0.{4}1048 0.01000 Sats	-31.59%	$12,446.9 0.1223	$91.6 0.001362	561	1,219
WALL•STREET•BETS	$0.009432 9 Sats	0.52%	$524,951.02 5.03	$269.75 0.004011	480	245
AI•RULES•THE•WORLD	$0.0007860 0.7500 Sats	-19.82%	$62,395.02 0.7656	$0.00 0.00	1,251	1,430
BITCOIN•SKULLS	$0.002348 2.24 Sats	-0.60%	$45,486.99 0.4697	$0.00 0.00	492	82
RARE•PUPS•HOMERPUP	$406.76 388,134 Sats	0.52%	$0.00 0.00	$0.00 0.00	477	30
BIAOQING•PANDA•HEAD	$0.0006288 0.6000 Sats	-0.12%	$545,003.67 5.34	$0.00 0.00	496	61
ITS•TIME•TO•OIL•UP	$0.002431 2.32 Sats	-1.40%	$40,787.48 0.4845	$0.00 0.00	464	104
RUNE•TEMPERATURE•IQ	$0.008384 8 Sats	1.70%	$0.00 0.00	$0.00 0.00	497	521
FUCK•THE•POLICE	$0.{4}3144 0.03000 Sats	0.28%	$0.00 0.00	$0.00 0.00	491	4
II•RUNE•ROCKS•II	$0.01048 10 Sats	0.00%	$25,442.51 0.3010	$0.00 0.00	488	21
DOGE•PUNKS•BITCOIN	$0.003144 3 Sats	0.33%	$85,411.5 0.8405	$0.00 0.00	485	96
CPOS•RUNES•VIRTUAL•MACHINE	$0.02096 20 Sats	6.38%	$504,820.15 5.27	$277.52 0.004126	462	80
GANGSTER•GOOSE	$0.{4}8908 0.08500 Sats	-8.99%	$23,639.02 0.2680	$0.00 0.00	484	478
RGB•RED•BITCOIN•RED•RGB	$18.86 18,000 Sats	0.00%	$48,206.82 0.4587	$0.00 0.00	478	3
BOATY•MCBOATFACE	$0.{10}9432 0.{7}9000 Sats	-1.62%	$37,904.65 0.3817	$0.00 0.00	491	235
WHERE•LAMBO•GORILLA	$0.{4}1048 0.01000 Sats	-9.45%	$0.00 0.00	$0.00 0.00	481	1
PUBLIC•ORDINAL•GOODS	$0.{5}8384 0.008000 Sats	0.02%	$9,743.85 0.09918	$0.00 0.00	476	573
MAJOR•LEAGUE•KITTEN	$0.{5}9851 0.009400 Sats	-1.24%	$9,212.55 0.09400	$0.00 0.00	480	628
OG•ORDINAL•GEESE	$0.01045 9.97 Sats	-3.11%	$16,718.86 0.1973	$0.00 0.00	477	26
BIDEN•BACK•IN•MCDONALDS	$0.{4}4087 0.03900 Sats	0.52%	$0.00 0.00	$70.2 0.001044	459	5
PI•RUNES•TOKEN	$0.{8}1467 0.{5}1400 Sats	-14.56%	$0.00 0.00	$0.00 0.00	437	46
THE•TICKER•IS•GME	$0.0005240 0.5000 Sats	0.78%	$0.00 0.00	$0.00 0.00	206	32
FIT•DOG•GO•TO•THE•MOON	$0.{4}3144 0.03000 Sats	0.00%	$0.00 0.00	$0.00 0.00	636	-
SNAPPY•THE•CROC	$0.0004192 0.4000 Sats	-2.23%	$10,340.6 0.1053	$0.00 0.00	401	928
TAO•BITTENSOR•RUNES	$0.001467 1.4 Sats	0.15%	$29,837.59 0.3048	$0.00 0.00	391	17
DONT•GET•FROGGY	$0.{10}2620 0.{7}2500 Sats	3.63%	$78,765.14 0.7745	$0.00 0.00	398	284
THE•CHEF•OF•RUNE	$0.007336 7 Sats	0.68%	$0.00 0.00	$0.00 0.00	388	224
THE•JAMES•DAVID•VANCE	$0.{5}5240 0.005000 Sats	0.00%	$0.00 0.00	$0.00 0.00	607	8
MRS•YEN•JAPANESE•HOUSEWIFE	$0.003563 3.4 Sats	1.85%	$0.00 0.00	$0.00 0.00	386	23
ITTY•BITTY•TITTIES	$0.{4}5764 0.05500 Sats	-8.06%	$0.00 0.00	$0.00 0.00	383	394
PUFF•PUFF•WHALE	$0.001467 1.4 Sats	0.52%	$0.00 0.00	$0.00 0.00	391	449
TOO•EARLY•TO•SELL	$0.0007860 0.7500 Sats	-2.41%	$15,440.78 0.1596	$0.00 0.00	383	382
TURBO•TOKEN•UTILITY	$0.0002620 0.2500 Sats	7.69%	$0.00 0.00	$0.00 0.00	384	3
PERSPECTIVE•OF•VALUE	$524,340.22 500.33M Sats	-1.03%	$84,507.2 0.8770	$0.00 0.00	537	6
GLORG•THE•BITCOIN•CAT	$0.{6}6602 0.0006300 Sats	0.48%	$0.00 0.00	$0.00 0.00	358	175
WILD•THANG•DOG	$0.{5}8384 0.008000 Sats	-16.11%	$0.00 0.00	$0.00 0.00	385	173

Runes market prices

About Runes

All Runes tokens

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