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}2347 0.002250 Sats	-0.06%	$535,477.25 5.13	$47,526.39 0.7553	105,587	20,981
EPIC•EPIC•EPIC•EPIC	$0.002295 2.2 Sats	15.90%	$2.29M 21.95	$32,444.95 0.5156	92,129	20,165
RSIC•GENESIS•RUNE	$0.001460 1.4 Sats	-6.02%	$29.23M 280.28	$56,703.15 0.9012	100,230	57,729
DOG•GO•TO•THE•MOON	$0.004151 3.98 Sats	10.69%	$411.52M 3,945.54	$305,985.61 4.86	100,312	191,604
LOBO•THE•WOLF•PUP	$0.0004168 0.3996 Sats	-2.52%	$7.96M 76.35	$10,919.65 0.1735	56,151	27,322
GOB•IS•GOB•IS•GOB	$0.001210 1.16 Sats	0.87%	$1.97M 18.86	$2,100.35 0.03338	44,610	10,564
DECENTRALIZED	$0.0001356 0.1300 Sats	-0.48%	$2.84M 27.19	$55,117.33 0.8760	39,918	18,396
HONEY•BADGER•COIN	$0.{9}3859 0.{6}3700 Sats	8.57%	$385,086.38 3.69	$1,705.46 0.02710	36,231	3,746
Z•Z•Z•Z•Z•FEHU•Z•Z•Z•Z•Z	$3.23 3,099 Sats	-5.46%	$364.21M 3,491.92	$7,545.68 0.1199	30,124	46,914
COOK•THE•MEMPOOL	$0.0005841 0.5600 Sats	0.17%	$527,429.89 5.06	$8,096.87 0.1287	28,251	56,959
BURN•BURN•BURN•BURN	$0.{5}7092 0.006800 Sats	-0.08%	$62,421.46 0.5985	$258.87 0.004114	27,807	788
GREED•FRAGMENTS	$0.01460 14 Sats	4.27%	$305,981.47 2.93	$99.73 0.001585	24,059	1,213
SATOSHI•RUNE•TITAN	$0.09908 94.99 Sats	-1.30%	$1.99M 19.04	$38,204.53 0.6072	24,017	26,572
SATOSHI•NAKAMOTO	$0.1930 185 Sats	4.51%	$4.04M 38.77	$10,291.81 0.1636	16,024	24,118
FOR•THE•CHILDREN	$0.{5}7823 0.007500 Sats	19.18%	$163,918.39 1.57	$534.84 0.008500	16,251	7,294
BITCOIN•PEPE•MATRIX	$0.{4}9262 0.08880 Sats	6.21%	$645,919.56 6.19	$942.2 0.01497	14,035	8,403
AMAZING•PYRAMID•NUMBER	$0.1292 123.9 Sats	-8.23%	$116,513.13 1.12	$2,146.82 0.03412	14,089	2,826
BULLX•BULLX•BULLX	$0.03129 30 Sats	4.55%	$821,553.76 7.99	$0.00 0.00	12,441	965
GENESIS•X•RUNES	$0.{6}5215 0.0005000 Sats	4.55%	$101,574.98 1	$0.00 0.00	12,150	165
PIZZA•DELIVERY	$0.{4}8240 0.07900 Sats	0.10%	$863,322.03 8.28	$0.00 0.00	11,837	2,760
RUNE•ALPHA•COOK	$0.001356 1.3 Sats	1.74%	$267,272.54 2.6	$90.36 0.001436	10,839	1,679
RARE•WIZARD•ORB	$0.{5}5005 0.004799 Sats	4.55%	$342,478.13 3.28	$297.71 0.004731	9,899	6,297
JOKER•RUNES•COIN	$0.{5}9283 0.008900 Sats	0.47%	$195,400.69 1.87	$973.28 0.01547	9,898	20,180
WONDERLANDWABBIT	$0.{4}1565 0.01500 Sats	4.20%	$137,223.74 1.32	$12.98 0.0002062	26,651	2,662
THE•GOD•OF•BITCOIN	$0.{4}1356 0.01300 Sats	4.55%	$284,131.3 2.72	$0.00 0.00	9,074	1,409
SHADOW•WIZARD•MONEY•GANG	$0.004694 4.5 Sats	0.13%	$100,411.34 0.9843	$0.00 0.00	9,451	751
BITX•RUNES•DEFI	$0.005737 5.5 Sats	-0.37%	$126,517.81 1.21	$0.00 0.00	8,897	131
NICOLAS•PI•RUNES	$0.{4}6258 0.06000 Sats	-20.63%	$680,666.2 6.53	$79,671.15 1.27	11,145	53,829
DOPE•ASS•TICKER	$0.{4}1252 0.01200 Sats	-2.92%	$240,353.64 2.3	$0.00 0.00	7,627	3,172
SHORT•THE•DOLLAR	$0.{5}2086 0.002000 Sats	-5.91%	$208,071.54 1.99	$588.52 0.009352	2,558	3,321
MANIA•MANIA•MANIA	$0.{6}4694 0.0004500 Sats	1.21%	$219,389.89 2.32	$0.00 0.00	3,328	37
ORDINALS•RUNES	$4.95 4,750 Sats	4.55%	$4.94M 47.4	$0.00 0.00	3,176	34
THE•RESISTANTS	$0.002086 2 Sats	-25.65%	$43,416.09 0.4189	$20,910.66 0.3323	3,203	5,096
STARGATE•BTC•ECO	$0.0002920 0.2800 Sats	4.55%	$285,727.15 2.89	$21,805.31 0.3465	4,147	1,678
THE•DONALD•TRUMP	$0.0008448 0.8100 Sats	-26.32%	$843,026.94 8.08	$39,994.96 0.6355	3,891	12,596
THE•SIGMA•STONE	$312,903.6 300.00M Sats	4.89%	$295,769.64 3	$42.06 0.0006683	3,119	426
THE•INFINITE•MONEY•GLITCH	$0.0001669 0.1600 Sats	4.55%	$168,667.11 1.59	$208.15 0.003308	3,124	510
ODIN•GOD•OF•RUNES	$0.0001043 0.1000 Sats	-1.13%	$198,633.4 2.07	$0.00 0.00	3,023	255
RSM•RUNES•STATE•MACHINE	$0.0007614 0.7300 Sats	1.61%	$707,726.32 6.79	$11,602.9 0.1844	2,878	20,380
BONES•OF•BITDOG	$0.0001971 0.1890 Sats	51.83%	$589,653.36 5.65	$19,290.81 0.3065	3,182	1,527
MEME•ECONOMICS	$0.02608 25 Sats	28.14%	$535,478.22 5.13	$325.35 0.005170	2,839	2,344
KARMA•KARMA•KARMA	$0.0003129 0.3000 Sats	4.83%	$293,302.5 3.04	$0.00 0.00	2,816	82
SSSSS•BTC•SSSSS	$0.0007291 0.6990 Sats	-5.37%	$1.47M 14.08	$199.6 0.003172	14,480	1,189
OSHIRINOANA•INU	$0.0007092 0.6800 Sats	-1.05%	$0.00 0.00	$0.00 0.00	2,668	-
LAMBO•LIFESTYLE	$0.003630 3.48 Sats	7.24%	$71,385.84 0.6792	$0.00 0.00	2,481	178
CATS•MEMECOIN•ON•BITCOIN	$0.{6}8344 0.0008000 Sats	4.29%	$473,929.66 4.54	$848.77 0.01349	14,791	627
ORDINALSRDEAD	$0.003129 3 Sats	-1.20%	$0.00 0.00	$0.00 0.00	2,556	-
CATS•IN•THE•SATS	$0.05006 48 Sats	-3.69%	$1.05M 10.06	$6,059.21 0.09628	2,613	7,886
WADDLE•WADDLE•PENGU	$0.001449 1.39 Sats	3.84%	$1.45M 13.86	$4,551.43 0.07232	5,172	6,234
RUNEKINGDOM•IO	$0.{4}8344 0.08000 Sats	-45.60%	$125,177.47 1.18	$0.00 0.00	2,495	27

Runes market prices

About Runes

All Runes tokens

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