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Bankless
Runes: Tokens on Bitcoin | Casey Rodamor
Apr 18, 2024
Casey Rodarmor, Creator of Ordinals Protocol and Runes, discusses bringing fungible tokens to Bitcoin. Topics include Bitcoin NFTs, cultural shifts with Ordinals, launching Runes protocol standard, and implications for Bitcoin innovation.
01:27:12
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Quick takeaways
- Casey Rodamor's Ordinals Protocol introduced Bitcoin NFTs through data inscriptions.
- Bitcoin's block space limitations drive exploration of layer 2 solutions like Lightning Network.
Deep dives
Importance and Impact of Ordinals on Bitcoin
Ordinals have significantly impacted Bitcoin, introducing non-fungible tokens through inscriptions and now exploring fungible tokens with runes. The protocol created by Casey Rotimore, labeled Ord in org, allows for arbitrary data inscribed into individual Bitcoin UTXOs, creating unique Bitcoin NFTs. The unique approach of ordinals fitting into Bitcoin's free user space has brought a new cultural energy to Bitcoin, fostering the Bitcoin Renaissance and driving builders to rally behind the protocol's forward-thinking approach.
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