Hi HODLers, Hiveans and Lions,
Bitcoin’s new Runes fungible token standard launched late Friday alongside the quadrennial halving event, and the immediate demand pushed network fees to a level never before seen on the original blockchain network. Already, at least one centralized exchange (or CEX) has already taken notice and gotten in on the action.
There was a mad rush to launch Runes tokens on Friday when the protocol went live, so much so that it helped push Bitcoin network fees on the first several post-halving blocks into the millions of dollars combined.
Runes is a new standard for creating tokens on the Bitcoin blockchain. The protocol comes from the creator of Ordinals—another craze which took off last year, allowing people to mint NFT-like assets on the Bitcoin blockchain.
[Crypto Exchanges are hiring again!]@vlemon/crypto-exchanges-are-hiring-again-)
