𝐖𝐡𝐚𝐭 𝐢𝐬 #RUNES 🌟

👉The Runes Protocol is a token standard on #Bitcoin  that gives users a more efficient way of creating fungible tokens. They are set to launch in April 2024 on block 840,000. Basically its like an ERC20 token but on Bitcoin.

👉The Runes Protocol has been created by bitcoin developer @rodarmor.

Rodarmor is also the creator of the Ordinals Protocol.

𝐇𝐎𝐖 𝐃𝐎 𝐁𝐈𝐓𝐂𝐎𝐈𝐍 𝐑𝐔𝐍𝐄𝐒 𝐖𝐎𝐑𝐊?🌟

👉 #Runes is a simple protocol with minimal on-chain footprint and responsible UT XO management.

👉 Runes is different from the BRC-20 token standard, which is complex and not UTXO-based.

The goal of Runes is to replace less efficient Ordinals based BRC-20 token standard.

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