Runes simplifies transactions, enhances security, and supports unique token naming, aiming to facilitate a range of applications including decentralized finance on Bitcoin. The Runes protocol is notable for its efficient on-chain footprint, unlike BRC-20.

Runes is a new digital commodities protocol designed to work with Bitcoin's blockchain. This update, coinciding with Bitcoin's halving, allows for the creation, minting, and transferring of Bitcoin-native digital commodities using a unique fungible token protocol that is vastly more efficient than BRC-20.

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