WHAT ARE RUNES? A GUIDE TO THE NEW FUNGIBLE TOKEN PROTOCOL ON BITCOIN

Summary from the TLDR Crypto newsletter

The Runes protocol, set to launch in April 2024, is a new fungible token standard on Bitcoin that aims to improve upon the shortcomings of its predecessor, BRC-20. By integrating with Bitcoin's existing UTXO model and utilizing OP_RETURN for data storage, Runes minimizes on-chain footprint and network congestion while offering a more user-friendly and accessible token creation process.