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News Explorer — What Is Runes? Your Guide to the New Protocol by Casey Rodarmor for Fungible Bitcoin Tokens

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Mar 15, 7:55 pm
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What Is Runes? Your Guide to the New Protocol by Casey Rodarmor for Fungible Bitcoin Tokens

Runes is a new protocol created by Casey Rodarmor, the mind behind Ordinals, that aims to make creating fungible tokens on Bitcoin more efficient. Unlike Ordinals, which are non-fungible tokens, Runes will use an Unspent Transaction Output (UTXO) model and will be completely on-chain. Several projects, such as RSIC, Runestone, Node Apes, and RuneX, are already building around Runes in anticipation of its launch during the Bitcoin halving.

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