Bitcoin Halving Marked by Launch of Runes Protocol
Bittime -The Runes protocol, designed to facilitate the creation of tokens on the Bitcoin network, will be launched to coincide with the Bitcoin halving event. This launch is predicted to trigger a new era for the world's largest blockchain.
The 2024 halving will be an event that is not only monumental, but will also be marked by the hunt for "epic satoshi" - the first satoshi to be minted on a halving block, with an estimated value of more than $1 million.
Runes Protocol Brings Bitcoin into a New Era
The presence of the previously launched Ordinals protocol has proven to bring a wave of innovation to Bitcoin. Ordinals allows users to input various data such as images and audio into the Bitcoin blockchain. With the presence of Runes, Bitcoin's progress is predicted to be even more rapid.
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The launch of Runes will be greeted with fierce competition between players for limited block space. This competition aims to be the first to issue the token with the best name. Global crypto exchanges and marketplaces are also preparing to list tokens created with the Runes protocol.
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Bitcoin: More Than Just an Asset
The Runes and Ordinals protocols marked the beginning of a new era for Bitcoin. Unlike the past where Bitcoin was seen as an investment asset, Bitcoin is now sought after not only as an asset, but also as an application development platform and digital asset issuance.
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Crypto users are increasingly enthusiastic about welcoming this new era of Bitcoin. They are competing to learn about Bitcoin and prepare themselves to participate in the token launch with the Runes protocol. Not a few NFT communities are taking part by providing education and support to their members.
Pre-Runes Season Is Here
The launch of Runes also gave rise to a phenomenon called "pre-Runes season". Some Runes standard tokens have been “pre-distributed” via airdrop to Bitcoin NFT holders. Each collection uses its own distribution model, some implement a snapshot system of NFT ownership and token distribution after the halving, while others base distribution on the length of NFT ownership. The longer users hold NFTs, the more tokens they will receive.
With the presence of Runes, Bitcoin is now entering one of its most climactic moments. The Runes token is predicted to become a historical asset that is loved, hated, but at the same time a driver of transformation and innovation in the blockchain world. Nothing can stop the birth of a new era of Bitcoin.
How to Buy BTC from Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
Buy Bitcoin Before or After the Halving? Here's the Guide!
Bitcoin Halving 2024: Between Price Explosion or Pitch Darkness?
5 Halving Cycles You Should Know
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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