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

BITCOIN•WORLD•ORDER	$0.01451 14.8 Sats	4.55%	$297,297.16 3.11	$0.00 0.00	2,380	3,407
SATOSHI•NAKAMOTO•INU	$0.{11}7841 0.{8}8000 Sats	4.55%	$163,264.26 1.68	$754.56 0.01199	2,335	3,046
ANARCHO•CATBUS	$0.02450 25 Sats	4.55%	$513,841.58 5.24	$911.12 0.01448	2,319	2,108
KERNEL•BITCORN	$0.003921 4 Sats	132.33%	$271,778.15 2.77	$101.95 0.001620	2,279	241
WHY•YOU•SO•SERIOUS	$0.04803 49 Sats	2.70%	$0.00 0.00	$0.00 0.00	3,272	88
BITCOIN•TRUMPS	$0.002940 3 Sats	4.55%	$57,047.45 0.6332	$32.06 0.0005095	2,195	70
INU•NI•MAKEMASEN	$0.004901 5 Sats	2.16%	$102,768.32 1.05	$0.00 0.00	2,183	1,115
RUNNING•BITCOIN	$0.{4}2588 0.02640 Sats	1.88%	$589,890.13 6.02	$3.17 0.{4}5040	2,135	1,336
COMIC•CAPITALS	$0.001225 1.25 Sats	0.08%	$0.00 0.00	$0.00 0.00	2,174	11
WIZARD•IN•THE•SATS	$0.09606 98 Sats	0.00%	$0.00 0.00	$0.00 0.00	1,047	1
NIKOLA•TESLA•GOD	$0.001666 1.7 Sats	3.24%	$1.66M 16.97	$21,534.48 0.3425	5,391	8,688
AGE•OF•AQUARIUS	$17.64 18,000 Sats	3.05%	$449,242.24 4.69	$0.00 0.00	1,038	2,604
MAKE•AMERICA•GREAT•AGAIN	$0.0006949 0.7090 Sats	-2.82%	$151,771.29 1.55	$53.4 0.0008492	8,136	409
PEPE•GO•TO•THE•SUN	$0.{8}3921 0.{5}4000 Sats	1.97%	$7,927.52 0.08377	$649.74 0.01033	1,243	1,004
SPARKY•RUNEDOG	$0.0009311 0.9500 Sats	0.85%	$929,808.57 9.49	$869.3 0.01382	1,852	9,310
PAY•ME•IN•BITCOIN	$0.02352 24 Sats	4.52%	$534,939.96 5.48	$0.00 0.00	989	978
THE•PONZI•CHANNEL	$0.{4}6861 0.07000 Sats	4.52%	$0.00 0.00	$0.00 0.00	885	1,772
PIGGED•BY•PIGGY	$0.01176 12 Sats	-9.42%	$246,643.96 2.52	$11.29 0.0001795	1,025	6,254
MEMPOOL•MONKEY	$0.0001665 0.1699 Sats	4.52%	$78,920.64 0.8515	$0.00 0.00	989	466
AI•CHATGPT•COIN	$0.02156 22 Sats	4.52%	$469,079.31 4.66	$31.44 0.0005000	1,118	1,043
UNGOVERNABLE	$0.{5}4313 0.004400 Sats	-31.61%	$89,603.11 0.9176	$195.56 0.003110	954	1,380
SCHIZOPHRENIA	$0.005881 6 Sats	-0.97%	$111,868.73 1.16	$0.00 0.00	966	76
CAT•GO•TO•THE•MOON	$0.{4}2548 0.02600 Sats	7.10%	$268,817.51 2.74	$29.85 0.0004748	6,007	3,668
GAME•OF•BITCOIN	$0.3725 380 Sats	-0.46%	$7.81M 80.01	$0.00 0.00	990	115
BAKED•BITCOINS	$0.{4}9802 0.1000 Sats	4.52%	$67,041.82 0.6906	$0.00 0.00	919	239
MAX•DOG•ONCHAIN	$0.{4}3921 0.04000 Sats	-7.92%	$40,918.14 0.4204	$86.26 0.001372	904	2,283
RUNESTONE•PUPS	$4.3 4,390 Sats	2.35%	$912,210.09 9.52	$0.00 0.00	1,096	16
RUNES•GRAVITY•ENERGY	$0.{5}9802 0.01000 Sats	22.19%	$0.00 0.00	$26,560.06 0.4224	1,612	1,563
CAMPAIGN•HUSH•MONEY	$0.0006861 0.7000 Sats	4.51%	$0.00 0.00	$0.00 0.00	882	688
SATOSHI•NAKAMOTO•MEMES	$0.{10}2842 0.{7}2900 Sats	1.21%	$104,124.71 1.11	$0.00 0.00	1,570	35
BILLION•DOLLAR•DOG	$0.0001368 0.1396 Sats	4.66%	$136,632.92 1.39	$0.00 0.00	880	2,600
FIRSTS•IS•FIRSTS	$0.0003430 0.3499 Sats	1.05%	$0.00 0.00	$0.00 0.00	901	178
HOPE•YOU•GET•RICH	$0.0002049 0.2090 Sats	0.79%	$1.82M 18.56	$1,973.22 0.03138	799	5,765
HAWK•TUAH•SPIT•ON•THAT•THANG	$0.{5}1960 0.002000 Sats	4.52%	$99,036.06 0.9270	$72.92 0.001160	852	3,819
BLOCKS•OF•BITCOIN	$0.002597 2.65 Sats	1.83%	$54,874.38 0.5500	$156.99 0.002496	930	3,413
HAWK•TUAH•FOR•PRESIDENT	$0.{4}1764 0.01800 Sats	4.23%	$0.00 0.00	$6.29 0.0001000	934	35
BUTTERNUT•THE•HELL•CAT	$0.02744 28 Sats	4.52%	$177,183.05 1.86	$0.00 0.00	821	538
PEPE•PI•WORLD•MEME•RUNE	$0.{10}9802 0.{6}1000 Sats	857.56%	$30,311.28 0.3130	$21.62 0.0003438	4,696	326
ANONYMOUS•PLANET	$0.{6}3186 0.0003250 Sats	1.63%	$27,384.59 0.2882	$0.00 0.00	870	65
SHIB•SHIB•SHIB	$0.{10}2940 0.{7}3000 Sats	2.21%	$44,056.52 0.4531	$0.00 0.00	1,664	309
GENERATIONAL•WEALTH	$0.001960 2 Sats	-3.87%	$91,107.17 0.8528	$0.00 0.00	566	135
BACK•IN•MCDONALD	$0.0009802 1 Sats	-7.13%	$20,813.96 0.2086	$0.00 0.00	585	773
BIRDS•ARENT•REAL	$0.005685 5.8 Sats	13.89%	$120,645.04 1.21	$31.47 0.0005002	524	2,081
RARE•PUPS•PUPTRADERS	$127.24 129,820 Sats	4.60%	$96,185.66 1.01	$0.00 0.00	551	53
RACCOON•PEDRO•PEDRO	$0.0004803 0.4900 Sats	0.20%	$0.00 0.00	$0.00 0.00	576	638
DUCK•THE•EPIK•DUCK	$0.0009802 1 Sats	-0.60%	$20,571.67 0.2105	$0.00 0.00	567	1,383
REST•IN•PEACE•HARAMBE	$0.006361 6.49 Sats	1.00%	$143,299.93 1.47	$0.00 0.00	552	172
UNCOMMON•GOODS•OG	$1.17 1,190 Sats	-0.07%	$0.00 0.00	$0.00 0.00	562	32
AI•OWE•YOU•MONEY	$0.0005293 0.5400 Sats	0.38%	$52,852.28 0.5392	$0.00 0.00	3,329	781
PINETWORK•RUNES	$15.88 16,200 Sats	4.60%	$792.87M 8,089.21	$10.19 0.0001620	556	182

Runes market prices

About Runes

All Runes tokens

FAQ