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

EL•CHAPULIN•COLORADO	$0.001202 1.29 Sats	2.26%	$0.00 0.00	$0.00 0.00	370	223
WORLD•PEACE•CAT	$0.{10}6991 0.{7}7500 Sats	0.98%	$15,827.74 0.1698	$0.00 0.00	1,731	238
NOT•YOUR•KEYS•NOT•YOUR•COINS	$0.003141 3.37 Sats	4.41%	$0.00 0.00	$0.00 0.00	374	128
PIZZA•ORDINALS	$0.04660 50 Sats	-9.57%	$542,938.28 5.49	$0.00 0.00	574	130
THE•MONKEY•KING	$0.001817 1.95 Sats	0.45%	$0.00 0.00	$0.00 0.00	375	1
BADASS•WATCHDOG	$0.{4}3728 0.04000 Sats	0.30%	$0.00 0.00	$0.00 0.00	377	5
BABYDOGE•TO•THE•MOON	$0.0004660 0.5000 Sats	-0.37%	$944.50M 10,442.85	$0.00 0.00	381	51
THE•CORE•OF•RUNE	$0.06059 65 Sats	-0.97%	$0.00 0.00	$0.00 0.00	341	93
LONG•LIVE•SATOSHI	$0.001324 1.42 Sats	0.55%	$0.00 0.00	$0.00 0.00	365	335
THE•COMMUNIST•CAT	$0.{4}4660 0.05000 Sats	2.64%	$46,114.82 0.4947	$0.00 0.00	372	405
CRYPTODELPUEBLO	$0.00 0.00 Sats	1.31%	$21,375.61 0.2293	$0.00 0.00	508	208
THE•ELEPHANT•IN•THE•RUNE	$0.0004194 0.4500 Sats	0.52%	$87,805.18 0.9420	$0.00 0.00	394	592
TWILIGHT•OF•THE•GODS	$0.0004549 0.4880 Sats	-4.89%	$0.00 0.00	$0.00 0.00	363	3
NUGGETS•BURGER	$0.01398 15 Sats	-4.13%	$0.00 0.00	$0.00 0.00	363	-
RUNE•MACHINES•BYTE	$0.0001855 0.1990 Sats	-0.33%	$0.00 0.00	$0.00 0.00	362	1
DOZY•DOG•IS•SLEEPING	$0.0008855 0.9500 Sats	0.46%	$0.00 0.00	$0.00 0.00	384	384
THE•MONEY•BEES	$0.0008668 0.9300 Sats	-0.48%	$0.00 0.00	$0.00 0.00	361	176
PEPE•RUNE•COIN	$0.{10}9321 0.{6}1000 Sats	0.52%	$0.00 0.00	$0.00 0.00	337	203
SHIB•BITCOIN•RUNE	$0.{9}2610 0.{6}2800 Sats	-9.53%	$247,188.27 2.8	$83,997.03 1.25	347	159
PUPPY•BRIDGE•RUNES	$0.{4}8389 0.09000 Sats	0.52%	$0.00 0.00	$25.09 0.0003730	502	636
PI•NETWORK•NODE	$0.{8}9321 0.{4}1000 Sats	0.00%	$291,771.94 3.13	$21,128.81 0.3142	318	18
AEONS•WORLD•ART	$0.{4}2051 0.02200 Sats	0.00%	$2,445.98 0.02624	$0.00 0.00	283	12
BITCOIN•MADE•IN•AMERICA	$0.0006897 0.7400 Sats	-31.85%	$0.00 0.00	$0.00 0.00	256	449
WHO•IS•BING•BOVINE	$0.0001864 0.2000 Sats	-82.99%	$0.00 0.00	$1,728.2 0.02570	253	228
TRUMP•WIF•BLUD	$0.{6}1957 0.0002100 Sats	-10.45%	$4,093.73 0.04392	$63.67 0.0009467	261	285
WHATS•THE•TICKER	$0.0001575 0.1690 Sats	-0.13%	$0.00 0.00	$0.00 0.00	253	17
DOUBLING•MONEY	$0.{4}1864 0.02000 Sats	2.70%	$0.00 0.00	$0.00 0.00	225	262
SHUT•UP•AND•HODL	$0.003309 3.55 Sats	0.00%	$0.00 0.00	$0.00 0.00	293	-
NYANKO•CHINKO•RUNES	$0.{4}3169 0.03400 Sats	0.04%	$0.00 0.00	$0.00 0.00	227	16
USA•USA•USA•USA	$0.{5}7457 0.008000 Sats	-38.14%	$0.00 0.00	$0.00 0.00	190	172
FIGHT•WITH•TRUMP•RUNE	$0.0002796 0.3000 Sats	0.00%	$4,534.29 0.04892	$0.00 0.00	592	33
SATOSHI•CHICKENS	$0.001379 1.48 Sats	0.00%	$7,467.07 0.08466	$0.00 0.00	404	2
PEPE•MEME•RUNE	$0.{5}3262 0.003500 Sats	0.52%	$29,974.31 0.3216	$0.00 0.00	1,229	95
THE•CATHIE•WOOD	$0.001285 1.38 Sats	3.74%	$0.00 0.00	$0.00 0.00	178	2
EIGHTY•FUCKING•MILLION	$0.0009228 0.9900 Sats	0.00%	$0.00 0.00	$0.00 0.00	185	1
PRIVACY•IS•A•RIGHT	$0.0009321 1 Sats	1.48%	$0.00 0.00	$0.00 0.00	101	-
REAL•DONALD•TRUMP	$0.001864 2 Sats	0.00%	$18,215.73 0.2101	$0.00 0.00	101	3
SSSSS•BTCS•SSSSS	$0.{8}9321 0.{4}1000 Sats	-0.27%	$0.00 0.00	$0.00 0.00	100	45
TROLL•ON•BITCOIN	$0.009321 10 Sats	0.00%	$0.00 0.00	$0.00 0.00	102	-
CASEY•RODARMOR	$0.0005593 0.6000 Sats	-3.53%	$1.41M 16.22	$0.00 0.00	99	4
KIM•JONG•AND•PUTIN	$0.00 0.00 Sats	0.00%	$0.00 0.00	$0.00 0.00	101	2
THE•CEBEL•COIN	$0.{4}9321 0.1000 Sats	0.00%	$0.00 0.00	$0.00 0.00	99	-
APE•RUNE•BITCOIN	$0.{8}2144 0.{5}2300 Sats	0.88%	$0.00 0.00	$0.00 0.00	101	7
TRASH•CAN•PANDA	$0.{4}9321 0.1000 Sats	0.00%	$57,256.66 0.6190	$0.00 0.00	278	14
NFT•RUNES•AIRDROP	$0.00 0.00 Sats	0.00%	$0.00 0.00	$0.00 0.00	408	-
BULL•AND•BEAR•PEPE•RUNE	$14.91 16,000 Sats	-1.45%	$0.00 0.00	$0.00 0.00	101	-
RETARDIO•NAWFAL	$0.01193 12.8 Sats	0.91%	$0.00 0.00	$0.00 0.00	100	-
BAMK•OF•NAKAMOTO•DOLLARS	$0.0001864 0.2000 Sats	-1.93%	$1.90B 20,035.25	$0.00 0.00	100	59
IGUANA•TO•URANUS	$0.001119 1.2 Sats	-3.83%	$0.00 0.00	$0.00 0.00	100	13
BITCOIN•ROTHBARD	$0.{7}9321 0.0001000 Sats	0.00%	$0.00 0.00	$0.00 0.00	98	-

Runes market prices

About Runes

All Runes tokens

FAQ