#RunesToken

Runes Revolution: Token Standard Propels Bitcoin Network to Record Transaction Fees
Cryptocurrency

Runes Revolution: Token Standard Propels Bitcoin Network to Record Transaction Fees
By Andrej Kovacevic 26th Apr 2024
Runes Revolution: Token Standard Propels Bitcoin Network to Record Transaction Fees
Cryptocurrency
Cryptocurrency

Runes Revolution: Token Standard Propels Bitcoin Network to Record Transaction Fees

Groundbreaking Launch In its inaugural week, the newly introduced Runes token standard on the Bitcoin network has amassed an astonishing 2129 bitcoins in transaction fees, equating to roughly $135 million. Runes utilizes Bitcoin’s UTXO model and the OP_RETURN opcode, presenting a more streamlined method for tokenization compared to the existing BRC20 standard, which relies on…

By Andrej Kovacevic 26th April 2024

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