Bitcoin Ordinals Proposes RUNES Protocol to Tackle Scams and UTXO Increase!

Writer: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since a few years. He has earlier buying and selling expertise and has been working within the Fintech business since 2017.

Sep 26, 2023 15:26

Founding father of Bitcoin Ordinals, Casey, has proposed the RUNES protocol as a possible answer to the problems brought on by BRC-20. Based on Casey, BRC-20 has led to a major improve in UTXO, 99% of which he claims are scams and memes. The RUNES protocol makes use of UTXOs to carry balances of runes, permitting for any quantity of any variety of runes to be saved. This various protocol goals to deal with the problems brought on by BRC-20 and create a safer and streamlined system for customers. Solely time will inform whether or not or not the RUNES protocol is profitable, however it’s value maintaining a tally of because the world of cryptocurrency continues to evolve.