Runes Protocol: Enhancing Bitcoin with New Token Standards

"Runes Protocol: Enhancing Bitcoin with New Token Standards" provides an in-depth look at how the Runes Protocol introduces and implements a new standard for creating fungible tokens directly on the Bitcoin blockchain. This guide explains the technical foundations of the Runes Protocol, including its use of the Bitcoin's UTXO model and OP_RETURN data fields, to facilitate token creation and management. It highlights how these new standards not only expand Bitcoin's capabilities beyond simple financial transactions but also foster interoperability and innovation within the broader blockchain ecosystem. The resource also addresses the potential impacts on network performance, user adoption, and the overall expansion of Bitcoin's utility in the digital economy.