Altcoin Protocol Runes Sparks Bitcoin Network Congestion and Miner Rewards Surge
Altcoin Protocol Runes Clogs Bitcoin: What This Means
Bitcoin's recent halving coincided with the debut of the Runes protocol, which allows meme coins on the blockchain, increasing transaction fees and network activity, but also bolstering miner rewards and overall security.
Runes Make Bitcoin Network Congestion Worse
Runes ignited fervor within the crypto community, presenting itself as a means to infuse the meme coins into the Bitcoin blockchain. This protocol diverges from the BRC-20 token standard by leveraging an Unspent Transaction Output (UTXO) model.
It is a legitimate competitor to Taproot Assets and RGB. The protocol is self-contained and has no dependencies on ordinals or inscriptions, making it extremely simple... I'm highly skeptical of 'serious' tokens, but runes is without a doubt a 'serious' token protocol, Casey Rodarmor added.
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