Are Runes on Bitcoin worth looking at?

13 days ago

Hi HODLers, Hiveans and Lions,

Runes on Bitcoin? WTH!

Bitcoin’s new Runes fungible token standard launched late Friday alongside the quadrennial halving event, and the immediate demand pushed network fees to a level never before seen on the original blockchain network. Already, at least one centralized exchange (or CEX) has already taken notice and gotten in on the action.

Fees were gettingcrazy post-halving

There was a mad rush to launch Runes tokens on Friday when the protocol went live, so much so that it helped push Bitcoin network fees on the first several post-halving blocks into the millions of dollars combined.

Runes is a new standard for creating tokens on the Bitcoin blockchain. The protocol comes from the creator of Ordinals—another craze which took off last year, allowing people to mint NFT-like assets on the Bitcoin blockchain.

Source

[Crypto Exchanges are hiring again!]https://inleo.io/@vlemon/crypto-exchanges-are-hiring-again-)
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Posted Using InLeo Alpha

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8 comments

@borsengelaber 70

13 days ago

Not sure if we need that honestly.

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@vlemon 78

11 days ago

We do, honesty is always better!

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@idiosyncratic1 74

13 days ago

I do not like the projects that spam the blockchains. There will be attention on Runes but paying $100 for a single Bitcoin transaction does not sound good to me :I

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@vlemon 78

11 days ago

Indeed, even if I believe runes might be a fad like MEME stocks and some NFT projects. Just my 2cents

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@india-leo 57

12 days ago

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