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}2220 0.002450 Sats	-0.06%	$474,311.44 5.23	$47,526.39 0.7553	105,449	21,712
EPIC•EPIC•EPIC•EPIC	$0.001223 1.35 Sats	15.90%	$1.22M 13.46	$32,444.95 0.5156	92,035	20,354
RSIC•GENESIS•RUNE	$0.0008517 0.9399 Sats	-6.02%	$17.99M 198.51	$56,703.15 0.9012	98,838	63,498
DOG•GO•TO•THE•MOON	$0.002129 2.35 Sats	10.69%	$213.57M 2,356.77	$305,985.61 4.86	98,693	218,739
LOBO•THE•WOLF•PUP	$0.0002352 0.2595 Sats	-2.52%	$5.07M 55.95	$10,919.65 0.1735	55,769	28,135
GOB•IS•GOB•IS•GOB	$0.0008337 0.9200 Sats	0.87%	$1.26M 13.94	$2,100.35 0.03338	44,615	10,678
DECENTRALIZED	$0.{4}8428 0.09300 Sats	-0.48%	$1.76M 19.43	$55,117.33 0.8760	39,828	18,727
HONEY•BADGER•COIN	$0.{9}3081 0.{6}3400 Sats	8.57%	$298,971.25 3.42	$1,705.46 0.02710	36,215	3,777
Z•Z•Z•Z•Z•FEHU•Z•Z•Z•Z•Z	$2.17 2,398 Sats	-5.46%	$261.26M 2,883.06	$7,545.68 0.1199	29,728	47,503
COOK•THE•MEMPOOL	$0.0003217 0.3550 Sats	0.17%	$290,237.63 3.2	$8,096.87 0.1287	23,948	57,057
BURN•BURN•BURN•BURN	$0.{5}6162 0.006800 Sats	-0.08%	$54,185.44 0.5980	$258.87 0.004114	27,722	789
GREED•FRAGMENTS	$0.01269 14 Sats	4.27%	$300,364.3 2.94	$99.73 0.001585	24,051	1,213
SATOSHI•RUNE•TITAN	$0.3625 400 Sats	-1.30%	$6.53M 72.1	$38,204.53 0.6072	23,914	26,811
SATOSHI•NAKAMOTO	$0.1187 131 Sats	4.51%	$2.49M 27.46	$10,291.81 0.1636	15,689	25,573
FOR•THE•CHILDREN	$0.{5}6796 0.007500 Sats	19.18%	$153,987.39 1.57	$534.84 0.008500	16,240	7,325
BITCOIN•PEPE•MATRIX	$0.{4}7521 0.08300 Sats	6.21%	$520,556.24 5.74	$942.2 0.01497	6,828	8,436
AMAZING•PYRAMID•NUMBER	$0.08156 90 Sats	-8.23%	$92,720.47 0.9443	$2,146.82 0.03412	14,026	3,004
BULLX•BULLX•BULLX	$0.04060 44.8 Sats	4.55%	$925,188.89 9.43	$0.00 0.00	12,425	971
GENESIS•X•RUNES	$0.{6}4525 0.0005000 Sats	4.55%	$96,004.9 1	$0.00 0.00	12,126	166
PIZZA•DELIVERY	$0.{4}7149 0.07900 Sats	0.10%	$749,413.43 8.28	$0.00 0.00	11,837	2,947
RUNE•ALPHA•COOK	$0.001774 1.96 Sats	1.74%	$380,336.11 3.9	$90.36 0.001436	10,818	1,756
RARE•WIZARD•ORB	$0.{5}4344 0.004800 Sats	4.55%	$296,909.89 3.28	$297.71 0.004731	9,886	6,342
JOKER•RUNES•COIN	$0.{5}7058 0.007800 Sats	0.47%	$139,562.04 1.64	$973.28 0.01547	9,856	20,182
WONDERLANDWABBIT	$0.{4}1178 0.01300 Sats	4.20%	$106,346.55 1.17	$12.98 0.0002062	26,971	2,664
THE•GOD•OF•BITCOIN	$0.{4}1176 0.01300 Sats	4.55%	$271,068.67 2.72	$0.00 0.00	8,472	1,409
SHADOW•WIZARD•MONEY•GANG	$0.004072 4.5 Sats	0.13%	$100,411.34 0.9843	$0.00 0.00	9,452	751
BITX•RUNES•DEFI	$0.003511 3.88 Sats	-0.37%	$74,553.28 0.8239	$0.00 0.00	8,893	131
NICOLAS•PI•RUNES	$0.{4}1810 0.02000 Sats	-20.63%	$196,679.56 2.17	$79,671.15 1.27	11,092	53,910
DOPE•ASS•TICKER	$0.{5}9954 0.01100 Sats	-2.92%	$198,881.14 2.2	$0.00 0.00	7,466	3,173
SHORT•THE•DOLLAR	$0.{5}1629 0.001800 Sats	-5.91%	$148,803.42 1.64	$588.52 0.009352	2,547	3,337
MANIA•MANIA•MANIA	$0.{6}4078 0.0004500 Sats	1.21%	$219,389.89 2.32	$0.00 0.00	3,326	37
ORDINALS•RUNES	$4.06 4,490 Sats	4.55%	$4.05M 44.76	$0.00 0.00	3,160	34
THE•RESISTANTS	$0.001810 2 Sats	-25.65%	$43,416.09 0.4189	$20,910.66 0.3323	3,202	5,096
STARGATE•BTC•ECO	$0.0002537 0.2800 Sats	4.55%	$285,727.15 2.89	$21,805.31 0.3465	4,147	1,678
THE•DONALD•TRUMP	$0.0001631 0.1800 Sats	-26.32%	$171,655.88 1.89	$39,994.96 0.6355	3,868	12,761
THE•SIGMA•STONE	$208,133.21 230.00M Sats	4.89%	$194,506.96 2.32	$42.06 0.0006683	3,115	433
THE•INFINITE•MONEY•GLITCH	$0.0001448 0.1600 Sats	4.55%	$156,477.73 1.6	$208.15 0.003308	3,124	511
ODIN•GOD•OF•RUNES	$0.{4}6334 0.07000 Sats	-1.13%	$142,518.48 1.47	$0.00 0.00	3,015	269
RSM•RUNES•STATE•MACHINE	$0.0004525 0.5000 Sats	1.61%	$438,371.43 5.01	$11,602.9 0.1844	2,871	20,515
BONES•OF•BITDOG	$0.0001629 0.1800 Sats	51.83%	$538,832.92 5.43	$19,290.81 0.3065	3,184	1,528
MEME•ECONOMICS	$0.01626 17.97 Sats	28.14%	$340,935.68 3.77	$325.35 0.005170	2,822	2,420
KARMA•KARMA•KARMA	$0.0002715 0.3000 Sats	4.83%	$293,302.5 3.04	$0.00 0.00	2,815	82
SSSSS•BTC•SSSSS	$0.0005437 0.6000 Sats	-5.37%	$1.07M 11.99	$199.6 0.003172	14,641	1,230
OSHIRINOANA•INU	$0.0006154 0.6800 Sats	-1.05%	$0.00 0.00	$0.00 0.00	2,668	-
LAMBO•LIFESTYLE	$0.003149 3.48 Sats	7.24%	$71,385.84 0.6792	$0.00 0.00	2,479	178
CATS•MEMECOIN•ON•BITCOIN	$0.{6}4531 0.0005000 Sats	4.29%	$263,870.53 2.69	$848.77 0.01349	15,424	658
ORDINALSRDEAD	$0.0001249 0.1380 Sats	-1.20%	$0.00 0.00	$0.00 0.00	2,556	-
CATS•IN•THE•SATS	$0.01462 16.16 Sats	-3.69%	$306,026.3 3.38	$6,059.21 0.09628	2,603	7,959
WADDLE•WADDLE•PENGU	$0.0008881 0.9800 Sats	3.84%	$885,382.96 9.77	$4,551.43 0.07232	5,159	6,384
RUNEKINGDOM•IO	$0.{4}7239 0.08000 Sats	-45.60%	$125,177.47 1.18	$0.00 0.00	2,493	27

Runes market prices

About Runes

All Runes tokens

FAQ