The Protocol: Analyzing Runes Impact as Bitcoin Fee Bonanza Fades

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Coin Coin Headlines News

Coin Coin Latest News,Coin Coin Headlines

Bradley Keoun is the managing editor of CoinDesk's Tech & Protocols team. He owns less than $1,000 each of several cryptocurrencies.

Last week's once-every-four-years Bitcoin halving came and went – just as Satoshi Nakamoto programmed it 15 years ago. But the big surprise was the fast uptake of Casey Rodarmor's new Runes protocol, his second big hit on the original blockchain in two years. Now, it looks like the initial fee bonanza might be fading, and the question is whether Runes transactions will provide a sustainable source of ongoing revenue for miners, especially now that the block rewards have been cut in half.

But there's now a growing cottage industry of venture capitalists and investment firms willing to put money into Bitcoin-focused startups, such as. In February, Dan Held, a former Kraken marketing executive who recently served as fractional CMO for Taproot Wizards and Trust Machines,, as a general partner, with plans to spearhead a new Bitcoin DeFi Venture Fund I, targeting a raise of $21 million.," to illustrate the opportunity.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in COİN

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Runes, Casey Rodarmor's Protocol for 'Sh!tcoins' on Bitcoin, Set to Go Live at HalvingJamie Crawley is a CoinDesk news reporter based in London.
Source: CoinDesk - 🏆 291. / 63 Read more »

The Protocol: Bitcoin Halving Spectacular, With Runes, 'Epic Sat,' Stacks NakamotoBradley Keoun is the managing editor of CoinDesk's Tech & Protocols team. He owns less than $1,000 each of several cryptocurrencies.
Source: CoinDesk - 🏆 291. / 63 Read more »

The Runes protocol will ignite a new season for Bitcoin after the halvingThe Runes protocol will launch when Bitcoin's halving takes place, and a wave of new tokens will ignite a new season for the world's largest blockchain.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Runes Protocol Launches on Bitcoin, Sending Fees Soaring as Users Rush to Mint TokensDaniel Kuhn is a deputy managing editor for Consensus Magazine. He owns minor amounts of BTC and ETH.
Source: CoinDesk - 🏆 291. / 63 Read more »

Bitcoin Meme Coin PUPS Fuelled by Hype Ahead of Runes ReleaseShaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
Source: CoinDesk - 🏆 291. / 63 Read more »

Crypto market begins recovery as Runes gain attention ahead of Bitcoin halvingBitcoin's (BTC) price recovery sparked a price increase across the crypto market on Monday.
Source: FXStreetNews - 🏆 14. / 72 Read more »