Historical retrospective · NFTs
Runes proposed a more structured fungible-token protocol for Bitcoin
Runes uses Bitcoin transaction and UTXO concepts to define fungible token issuance and transfer data, offering an alternative to inscription-heavy conventions.
Its launch around the 2024 halving focused attention on fee demand and token protocols that share Bitcoin block space.
The proposal showed continuing experimentation with application layers built on Bitcoin’s base chain.
Protocol documentation and indexer behavior should be examined before treating a token balance as universally recognized or redeemable.
Primary source
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