π What is it?
Runes Protocol is a new token standard for the Bitcoin network, developed by Ordinals creator Casey Rodarmor. It allows tokens to be issued and transferred directly on the BTC blockchain, making it more functional.
π₯ Why is it trending?
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Gives Bitcoin the ability to create tokens without complex smart contracts
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Improved efficiency compared to BRC-20
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Support from the Ordinals community and investors
β οΈ Risks:
β High load on the Bitcoin network
β Competition with Ethereum and Layer-2 solutions
β Potential regulatory issues
π Future:
Runes may open a new chapter in Bitcoinβs development, making it not only a store of value but also a platform for tokens.