Runes Protocol Launches on Bitcoin, Sending Fees Soaring as Users Rush to Mint Tokens

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Runes Protocol Launches on Bitcoin, Sending Fees Soaring as Users Rush to Mint Tokens
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Daniel Kuhn is a deputy managing editor for Consensus Magazine. He owns minor amounts of BTC and ETH.

), it was the launch of the high-profile Bitcoin builder Casey Rodamor’s latest creation – Runes – that turned heads, even among long-time blockchain developers who despise the digital tokens that can be minted on the platform.

Runes is similar to Ordinals, in that it allows people to “etch” and mint tokens on-chain – the main difference is that ordinals are “non-fungible” while Runes willThe first Runes project to mint was Rodamor’s own UNCOMMON•GOODS project, which was announced well in advance of the halving, as were many of the projects looking to etch themselves on these highly coveted satoshis.Impossible to know in advance, however, is what other projects would be able to find space on these scarce satoshis.

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