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

RUNES•X•BITCOIN	$0.{5}4565 0.004800 Sats	-0.06%	$940,158.14 9.89	$47,526.39 0.7553	105,534	20,173
EPIC•EPIC•EPIC•EPIC	$0.002853 3 Sats	15.90%	$2.86M 30.05	$32,444.95 0.5156	92,345	19,276
RSIC•GENESIS•RUNE	$0.001891 1.99 Sats	-6.02%	$39.71M 417.61	$56,703.15 0.9012	100,421	49,989
DOG•GO•TO•THE•MOON	$0.007011 7.37 Sats	10.69%	$708.19M 7,447.17	$305,985.61 4.86	99,492	155,321
LOBO•THE•WOLF•PUP	$0.0009508 0.9998 Sats	-2.52%	$19.00M 199.81	$10,919.65 0.1735	56,983	25,310
GOB•IS•GOB•IS•GOB	$0.002178 2.29 Sats	0.87%	$3.35M 35.26	$2,100.35 0.03338	44,643	10,127
DECENTRALIZED	$0.0002948 0.3100 Sats	-0.48%	$6.58M 69.19	$55,117.33 0.8760	40,120	17,581
HONEY•BADGER•COIN	$0.{9}6562 0.{6}6900 Sats	8.57%	$657,254.6 6.91	$1,705.46 0.02710	36,252	3,661
Z•Z•Z•Z•Z•FEHU•Z•Z•Z•Z•Z	$4.52 4,750 Sats	-5.46%	$515.96M 5,425.73	$7,545.68 0.1199	30,428	46,081
COOK•THE•MEMPOOL	$0.0008368 0.8800 Sats	0.17%	$758,555.73 7.98	$8,096.87 0.1287	28,270	56,648
BURN•BURN•BURN•BURN	$0.{5}7132 0.007500 Sats	-0.08%	$63,010.71 0.6626	$258.87 0.004114	27,867	772
GREED•FRAGMENTS	$0.01425 14.99 Sats	4.27%	$299,067.67 3.14	$99.73 0.001585	24,085	1,200
SATOSHI•RUNE•TITAN	$0.08559 90 Sats	-1.30%	$1.72M 18.11	$38,204.53 0.6072	24,008	26,326
SATOSHI•NAKAMOTO	$0.3138 330 Sats	4.51%	$6.74M 70.89	$10,291.81 0.1636	16,111	22,164
FOR•THE•CHILDREN	$0.{5}7132 0.007500 Sats	19.18%	$150,022.29 1.58	$534.84 0.008500	16,265	7,264
BITCOIN•PEPE•MATRIX	$0.0001094 0.1150 Sats	6.21%	$760,443.35 8	$942.2 0.01497	14,058	8,253
AMAZING•PYRAMID•NUMBER	$0.06466 68 Sats	-8.23%	$64,772.07 0.6811	$2,146.82 0.03412	14,028	2,202
BULLX•BULLX•BULLX	$0.08368 88 Sats	4.55%	$1.78M 18.72	$0.00 0.00	12,465	691
GENESIS•X•RUNES	$0.{6}7608 0.0008000 Sats	4.55%	$152,406.86 1.6	$0.00 0.00	12,152	162
PIZZA•DELIVERY	$0.{4}9414 0.09900 Sats	0.10%	$990,168.34 10.41	$0.00 0.00	11,755	2,151
RUNE•ALPHA•COOK	$0.001331 1.4 Sats	1.74%	$279,730.55 2.78	$90.36 0.001436	10,848	1,670
RARE•WIZARD•ORB	$0.{5}5694 0.005988 Sats	4.55%	$426,821.13 4.49	$297.71 0.004731	9,869	6,074
JOKER•RUNES•COIN	$0.{4}1037 0.01090 Sats	0.47%	$218,036.63 2.29	$973.28 0.01547	9,903	20,171
WONDERLANDWABBIT	$0.{4}1331 0.01400 Sats	4.20%	$116,517.33 1.23	$12.98 0.0002062	25,200	2,607
THE•GOD•OF•BITCOIN	$0.{4}1522 0.01600 Sats	4.55%	$320,054.42 3.37	$0.00 0.00	9,076	1,402
SHADOW•WIZARD•MONEY•GANG	$0.005325 5.6 Sats	0.13%	$113,426.46 1.17	$0.00 0.00	9,459	727
BITX•RUNES•DEFI	$0.006942 7.3 Sats	-0.37%	$143,732.87 1.42	$0.00 0.00	8,902	128
NICOLAS•PI•RUNES	$0.{4}8273 0.08700 Sats	-20.63%	$903,296.43 9.5	$79,671.15 1.27	11,158	53,675
DOPE•ASS•TICKER	$0.{4}1712 0.01800 Sats	-2.92%	$352,686.49 3.51	$0.00 0.00	7,625	3,161
SHORT•THE•DOLLAR	$0.{5}6847 0.007200 Sats	-5.91%	$652,230.89 6.86	$588.52 0.009352	2,573	3,275
MANIA•MANIA•MANIA	$0.{6}5896 0.0006200 Sats	1.21%	$298,386.67 3.1	$0.00 0.00	3,322	35
ORDINALS•RUNES	$2.76 2,900 Sats	4.55%	$2.76M 29.05	$0.00 0.00	3,245	29
THE•RESISTANTS	$0.003328 3.5 Sats	-25.65%	$71,014.95 0.7323	$20,910.66 0.3323	3,203	5,095
STARGATE•BTC•ECO	$0.0002853 0.3000 Sats	4.55%	$285,762.87 3.01	$21,805.31 0.3465	4,147	1,678
THE•DONALD•TRUMP	$0.001094 1.15 Sats	-26.32%	$1.02M 10.77	$39,994.96 0.6355	3,823	10,907
THE•SIGMA•STONE	$255,805.14 269.00M Sats	4.89%	$260,583.58 2.68	$42.06 0.0006683	3,124	416
THE•INFINITE•MONEY•GLITCH	$0.0001807 0.1900 Sats	4.55%	$0.00 0.00	$208.15 0.003308	3,124	505
ODIN•GOD•OF•RUNES	$0.{4}9509 0.1000 Sats	-1.13%	$198,633.4 2.07	$0.00 0.00	3,022	253
RSM•RUNES•STATE•MACHINE	$0.0003804 0.4000 Sats	1.61%	$381,017.16 4.01	$11,602.9 0.1844	2,894	19,988
BONES•OF•BITDOG	$0.0001807 0.1900 Sats	51.83%	$542,949.45 5.71	$19,290.81 0.3065	3,185	1,510
MEME•ECONOMICS	$0.04755 50 Sats	28.14%	$1.00M 10.52	$325.35 0.005170	2,848	2,316
KARMA•KARMA•KARMA	$0.0002853 0.3000 Sats	4.83%	$293,302.5 3.04	$0.00 0.00	2,825	80
SSSSS•BTC•SSSSS	$0.0008169 0.8590 Sats	-5.37%	$1.79M 18.79	$199.6 0.003172	12,210	1,158
OSHIRINOANA•INU	$0.0006466 0.6800 Sats	-1.05%	$0.00 0.00	$0.00 0.00	2,669	-
LAMBO•LIFESTYLE	$0.003319 3.49 Sats	7.24%	$64,911.04 0.6826	$0.00 0.00	2,481	168
CATS•MEMECOIN•ON•BITCOIN	$0.{6}9129 0.0009600 Sats	4.29%	$473,278.83 4.98	$848.77 0.01349	13,798	585
ORDINALSRDEAD	$0.002853 3 Sats	-1.20%	$0.00 0.00	$0.00 0.00	2,556	-
CATS•IN•THE•SATS	$0.05516 58 Sats	-3.69%	$1.16M 12.2	$6,059.21 0.09628	2,622	7,634
WADDLE•WADDLE•PENGU	$0.007703 8.1 Sats	3.84%	$7.72M 81.14	$4,551.43 0.07232	5,118	5,632
RUNEKINGDOM•IO	$0.0001046 0.1100 Sats	-45.60%	$176,916.03 1.94	$0.00 0.00	2,503	22

Runes market prices

About Runes

All Runes tokens

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