Only 157 new Runes were etched on Bitcoin on May 13, which contributed to just $3,835 in transaction fees paid to Bitcoin miners.
Runes, Casey Rodarmor’s Protocol for ‘Sh!tcoins’ on Bitcoin, Set to Go Live at Halving
Rodarmor created last year’s breakout Ordinals protocol, which is used to create non-fungible tokens (NFTs) on Bitcoin. Now, he says the relevance of protocols like his new Runes, used to create fungible tokens, is set to grow.
Bitcoin Ordinals haven’t wrestled blockspace from money TXs: Glassnode
Inscriptions have been acting more as a “packing filler,” stuffed into any remaining space once higher-value monetary transfers are packed into blocks, said the firm.
Bitcoin Ordinals creator Casey Rodarmor pitches BRC-20 alternative ‘Runes’
Bitcoin Ordinals inventor Casey Rodarmor says a fungible token protocol like Runes wouldn’t leave as much “junk” on the Bitcoin network as that of BRC-20 tokens.
Bitcoin Ordinals team launch non-profit to grow protocol development
The Open Ordinals Institute aims to bolster the protocol’s future development as Ordinals inscriptions hit a milestone of 21 million.
‘Scammers dream’ — Yuga’s auction model for Bitcoin NFTs sees criticism
Yuga Labs’ first Bitcoin NFT collection saw some backlash from the crypto community over the weekend, pointing to flaws in the way it’s conducting the auction.
Bitcoin Ordinals creator looks for fix after first instance of shock porn
A rather unsavory image made it to the front page of the Ordinals website for 30 minutes before it was hidden, however, the image itself is immutable.
Ordinals protocol sparks debate over NFT’s place in the Bitcoin ecosystem
The community has been divided as to whether the NFT-like “digital artifacts” are the right fit for the Bitcoin ecosystem.