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Cryptocurrency News Video

RUNES Update for Bitcoin Comes with Bitcoin Token BRC 20 Halvind and RUNE Update

Apr 16, 2024 at 01:12 pm Emerson Alves ⚡

Bitcoin is front and center again, and orange coin lovers everywhere have a lot to be excited about: new all-time high prices, the upcoming halving, increased demand for Ordinals—and soon, something brand new game called Runes.

And while Runes wonroitt hit Bitcoin until the halving—currently scheduled for April 20 as of this writing—when the supply of newly minted BTC is once again cut in half, cutting off miners' rewards, the project is already receiving a lot hype and attention. Here's what you need to know.

What are Runes?
Runes is a new protocol from the mind behind Ordinals, Casey Rodarmor. With Ordinals, the Bitcoin developer made it possible to create NFT-like “inscriptions” on the Bitcoin network—and this, in turn, made it possible to exchange jpegs for magical internet money directly on the grandaddy chain.

Rodarmor, in an interview with TechCrunch, described his Ordinals “theory” as a “lens that you can view the Bitcoin blockchain through, and when you view it through that lens, these traceable satoshis appear. like Pokémon in tall grass.” So, in this sense, Runes similarly represent a new lens through which to view Bitcoin—but this time, with shitcoins.

#bitcoin #halving #halving2024 #rune #ordinals #crypto
Video source:Youtube

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