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Cryptocurrency News Articles

Bitcoin Unleashes Runes: Unlocking Fungible Tokens on the Blockchain

Apr 22, 2024 at 10:02 pm

The Runes Protocol, a new innovation on the Bitcoin blockchain, is set to go live following the recent halving event and is expected to boost traffic and liquidity. It will introduce fungible tokens to the Bitcoin blockchain, addressing inefficiencies of the previous Ordinals protocol. Meanwhile, ETFSwap (ETFS) aims to merge crypto and ETFs by tokenizing ETFs on the blockchain and enabling their swap to crypto and fiat.

Bitcoin Unleashes Runes: Unlocking Fungible Tokens on the Blockchain

Bitcoin Runes: Unlocking Fungible Tokens on the Bitcoin Blockchain

In the wake of Bitcoin's fourth halving event, the stage is set for a transformative innovation that is poised to revolutionize the cryptocurrency landscape: the Runes Protocol. Conceived as the second season of Bitcoin, Runes is set to inject a surge of vitality and liquidity into the world's largest blockchain.

The Runes Protocol: A New Era of Fungible Tokens

Conceptualized by Casey Rodarmor, the visionary behind the Bitcoin ordinals protocol, the Runes token standard was introduced in September 2023. Its genesis lies in the quest to address the inefficiencies plaguing the ordinals protocol, namely the accumulation of excess unspent transaction outputs (UTXOs) and the resultant congestion on the Bitcoin blockchain.

While the ordinals protocol enabled users to embed files on Bitcoin as non-fungible tokens (NFTs), the Runes standard, scheduled to go live immediately after the Bitcoin halving, will introduce the creation of fungible tokens. This groundbreaking development has ignited widespread excitement about the future of Bitcoin and the broader crypto ecosystem.

Venture capitalists are actively exploring the possibilities of building a Decentralized Finance (DeFi) ecosystem centered around Bitcoin, fuelled by the potential of the Runes protocol. The prospect of developing Layer 2 solutions for the Bitcoin blockchain has also gained traction.

ETFSwap: Merging Crypto and ETFs for the Bull Market

Alongside the advent of Runes, another transformative innovation is emerging: the ETFSwap (ETFS) platform. Its mission is to bridge the gap between retail investors and institutionally listed Exchange-Traded Funds (ETFs).

ETFS achieves this by tokenizing ETFs on the blockchain, enabling their seamless conversion into cryptocurrencies and accepted fiat currencies. This innovation addresses the limitations of centralized trading systems that have hindered crypto investors from fully embracing ETFs.

The ETFSwap platform empowers users to convert ETFs into stablecoins or other crypto assets, facilitating effortless trading and swapping as on decentralized exchanges (DEXes). Moreover, it offers a 10x leverage feature, amplifying the potential returns for traders.

Exceptional Security and Favorable Predictions

Renowned blockchain security firm Cyberscope has meticulously audited the ETFSwap platform, awarding it a robust 94% general security score. This endorsement underscores the platform's resilience against bugs and vulnerabilities, providing investors with peace of mind regarding the safety of their investments.

Experts widely anticipate ETFSwap to scale significant heights due to its unique value proposition. Its price currently hovers around $0.00854 in the initial phase of its presale event. This value is poised to surge by over 100% to $0.01831 in the second stage, ensuring lucrative returns for early adopters even before the platform's launch.

Upon launch, ETFSwap is projected to reach $1, representing an extraordinary potential gain of over 10,000% for its earliest public investors. The presale accepts Bitcoin (BTC), Ethereum (ETH), stablecoins, credit cards, and debit cards as payment options. Participants who utilize the "ETFS20" code are eligible for a 20% bonus on their purchases.

Seize the Opportunity, Secure Your Financial Future

The convergence of Bitcoin Runes and ETFSwap presents an unprecedented opportunity for investors and enthusiasts alike. For the first time in Bitcoin's history, ETFs can be directly swapped on a decentralized exchange. Join the ranks of early adopters and become a part of this historic development. Secure your financial future by participating in the ETFSwap presale today.

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Other articles published on Dec 23, 2024