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Runes Could Transform Our Understanding Of Bitcoin, Experts Tell Benzinga

With the unveiling of the Runes protocol, Bitcoin BTC/USD is set to make a landmark progression in its technological capabilities, particularly in fungible token issuance.

This innovative protocol, created by Casey Rodarmor, is strategically launching in conjunction with the recently concluded Bitcoin Halving event in April, promising to expand Bitcoin’s utility beyond just a store of value.

Understanding Runes And Its Operational Mechanics

Runes introduces a new token standard that is optimized to reduce the network bloat associated with earlier standards like BRC-20, which congested the network with unnecessary UTXOs (Unspent Transaction Outputs).

By utilizing a UTXO-based model, Runes…

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