Bitcoin Ordinals Inventor Proposes ‘Runes’ Fungible Token Protocol as Alternative to BRC-20

Casey Rodarmor, the inventor of Bitcoin Ordinals, has proposed a new Bitcoin-based fungible token protocol called "Runes" as an alternative to the BRC-20 token standard. The BRC-20 standard, launched by an anonymous developer known as "Domo," has gained popularity, with a market cap of $1 billion wi ...

The Rise of BRC-20 and Bitcoin Ordinals: A Game-Changer for Cryptocurrency

Most of them are created in the BRC-20 network Miners have earned decent commissions on this According to Dune Analytics, more than 10 million records have been created in the Bitcoin Ordinals network. Of these, more than 80% belong to the BRC-20 standard. ...

Lightning Labs Releases Taproot Assets Protocol v0.2: Enhancing Bitcoin Transaction Efficiency

Lightning Labs, developer of Lightning Network, announced the release of Taproot Assets Protocol v 0.2. update, which will avoid possible delays in transaction processing due to Bitcoin network congestion. "We are seeing a surge of interest in Bitcoin blockchain asset ...

Bitcoin Network Upgrade Introduces CashTokens and Smart Contracts

The upgrade allows tokens and dApps to be issued directly on the network The upgrade also reduces transaction processing time and introduces smart contracts Ahead of the upgrade release, BCH was up more than 7% The CashTokens upgrade was successfully ...

Bitcoin Core Members Propose Spam Filtering for Taproot Transactions, Opposed by NFT Community

It should have been done months ago Ali Sheriff and Luke Daschr Influential members of the NFT community are opposed In their opinion, this is an unwarranted attack on a promising trend Bitcoin Core team members Ali Sheriff and Luke Daschr ...

High Fees and Commission Spike Affecting Bitcoin Adoption for Microtransactions

Matt Hamilton commented on tourists' complaints about the huge fees to convert BTC to fiat He thinks the XRP Ledger is a much better fit for microtransactions Commission spike on Bitcoin network caused by popularization of BRC-20-based tokens The popu ...

BRC-20 Token Capitalization Nears $1 Billion with Over 14,000 Tokens Mined on Bitcoin Blockchain

A total of 14,079 tokens were issued This surge has been attributed to the popularity of memes The total capitalization of tokens based on the BRC-20 standard has almost reached the $1 billion mark. In doing so, 14,079 tokens were mined on the bitcoin blockchain. ...

Interlay Labs announces new project to connect decentralized stablecoins and L1 coins to Lightning Network

The idea is to connect decentralized stabelcoins and L1 coins to the Lightning Network ecosystem Founder Alexey Zamyatin talks about the project Yesterday, May 7, Interlay Labs founder Alexey Zamyatin announced the company's new project. The studio is developing ...

BRC-20 Token Capitalization Surges to $143 Million in One Week

From $17.5 million to $143.14 million The total number of tokens reached nearly 9,000 Some crypto experts compare this standard to ERC-20 and point to huge prospects According to Ordspace, the total token capitalization based on the BRC-20 standard ha ...