🔥The new Bitcoin Runes protocol allows users to create and transfer fungible tokens on the Bitcoin blockchain! 💡

Created by Casey Rodarmore and launched on April 20, 2024, the Bitcoin Runes protocol minimizes the load on the Bitcoin blockchain by reducing the amount of data required for transactions.

Unlike the BRC-20 and ARC-20 standards, the Bitcoin Runes protocol uses a fundamentally different design that relies on Bitcoin's UTXO architecture and the OP_RETURN operation.

The creation of Bitcoin Rune is called "engraving". Once engraved, the properties of the rune are invariably established on the Bitcoin blockchain.

👇Your thoughts about this progress in the comments!