Introduction to Runes: Bitcoin's Fungible Token Revolution

"Introduction to Runes: Bitcoin's Fungible Token Revolution" provides a comprehensive overview of the Runes Protocol and its role in pioneering the introduction of fungible tokens on the Bitcoin blockchain. This guide explains how Runes enables new functionalities within Bitcoin, traditionally known for its robust yet limited transaction capabilities. It outlines the technical framework of the protocol, including how it utilizes Bitcoin’s existing infrastructure like the UTXO model and the OP_RETURN opcode to create and manage tokens. The resource explores the implications of this innovation for Bitcoin’s ecosystem, detailing how it could lead to increased utility, attract a new wave of developers, and potentially transform Bitcoin into a multi-purpose blockchain platform. This publication serves as an essential primer for anyone interested in the intersection of tokenization and Bitcoin’s evolving technology.