Casey Rodarmor Launches Runes Protocol for Fungible Tokens on Bitcoin
Casey Rodarmor, the creator of the Bitcoin Ordinals protocol, has introduced a new protocol called "Runes" for fungible tokens. The Ordinals protocol, while successful, has led to network congestion and higher transfer fees. Runes aims to address these issues by holding token balances in UTXOs and allowing for more flexible transactions. Despite concerns about the proliferation of scam and meme tokens, the Runes protocol has gained popularity among Ordinals traders and developers.
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Casey Rodarmor Launches Runes Protocol for Fungible Tokens on Bitcoin
Casey Rodarmor, the creator of the Bitcoin Ordinals protocol, has introduced a new protocol called "Runes" for fungible tokens. The Ordinals protocol, while successful, has led to network congestion and higher transfer fees. Runes aims to address these issues by holding token balances in UTXOs and allowing for more flexible transactions. Despite concerns about the proliferation of scam and meme tokens, the Runes protocol has gained popularity among Ordinals traders and developers.