The Runes Protocol is a new feature in the Bitcoin ecosystem, providing a unique way to handle tokens. Unlike traditional protocols such as BRC-20 and ORC-20, Runes uses a UTXO (Unspent Transaction Output) model, making it stand out in the Bitcoin network. This model is important for Bitcoin, as it tracks ownership and transactions in a decentralized way. Runes makes token creation and management easier by letting multiple tokens be stored in a single UTXO, potentially boosting efficiency compared to other methods.
Apr 23
8 min read
This article explores the integration of various projects with the newly launched Runes Protocol, highlighting the strategic airdrops planned to engage and reward communities within the Bitcoin ecosystem.
Mar 20
3 min read
Runestones on Ordinals were significant airdrop within the Bitcoin NFT community, specifically targeting the Ordinals ecosystem. The project distributed over 112,000 Runestones to Bitcoin wallets that held three or more non-text Ordinals.
Mar 12
11 min read
For Bitcoin to establish itself as a major global asset, it requires a vibrant ecosystem of financial applications that enhance its functionality. This article highlights ten promising projects contributing to the future of Bitcoin's ecosystem.
Feb 26
5 min read
The Runes Protocol introduces a UTXO-based tokenization model to the Bitcoin network, offering a simpler, more efficient alternative to traditional protocols. Developed by Casey Rodarmor, Runes aims to enhance Bitcoin's functionality while minimizing its on-chain footprint. With its launch set for late April, the protocol has already inspired a range of projects and initiatives, signaling a vibrant future for Bitcoin's evolving ecosystem.
26 Sep 2023
4 min read
The inventor of Bitcoin Ordinals is proposing a new Bitcoin-based fungible token protocol as a potential alternative to the BRC-20 token standard.