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What is runes protocol?

The Runes protocol picks up where BRC-20s left off. BRC-20 is a fungible token standard, which itself makes use of the Ordinals protocol and was developed by the pseudonymous dev domo. Runes is an attempt to make the process of creating fungible tokens on Bitcoin more efficient. How do Runes work?

What is the runes protocol in Bitcoin?

The Runes Protocol in Bitcoin presents a significant shift from traditional Bitcoin token protocols like BRC-20, ORC-20, and Stamps. Runes: Uses a UTXO-based model, minimizing "junk" UTXOs and tokenizing easily.

What is Rune protocol & symbol?

Rune Protocol – The underlying system that makes the operations behind Runes possible. Runestones – Rune Protocol messages that can create, mint and transfer existing Runes from a transaction's input to its output. Symbol – This is essentially what it sounds like – a symbol that is displayed after the quantity of a specific Rune.

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