đ Since its launch following Bitcoin's halving event on April 20, the new token standard Runes has accounted for over two-thirds of all Bitcoin transactions.
đŒ More than 2.38 million Runes transactions have been processed, making up 68% of total Bitcoin transactions since April 20.
đ Runes transactions peaked on April 23 with over 750,000 transactions, contributing to nearly 70% of miner fees on the halving day.
đ° However, there's debate over whether Runes will provide a sustainable revenue stream for Bitcoin miners, as there's already a gap between the number of Rune transactions and miner fees earned.
đ Runes, created by Casey Rodarmor, promises a more efficient way to create new tokens on the Bitcoin network compared to existing standards.
â ïž Critics, like Nikita Zhavoronkov of Blockchair, argue that the dominance of Runes transactions is hindering Bitcoin's original vision as a peer-to-peer electronic cash system.
#Megadrop #BinanceLaunchpool #ScamRiskWarning #bitcoinhalving