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Innovations in Bitcoin: The Runes Protocol Unveiled
This chapter dives into the upcoming Bitcoin halving and the introduction of the Runes Protocol, contrasting it with existing token standards like BRC20. It explores the technical advantages of Runes, including its reduced UTXO proliferation and enhanced operational efficiency within the Bitcoin ecosystem. The discussion also covers Runes' unique messaging protocol and its potential for cross-functionality with layer two solutions, promising to reshape Bitcoin's transaction landscape.