Bitcoin Developer Proposes New 'Runes' Protocol as Leaner Alternative to BRC-20 Tokens

Bitcoin Ordinals creator Casey Rodarmor proposes new fungible token protocol "Runes" as alternative to BRC-20
Says BRC-20 tokens create "junk" UTXOs that bloat Bitcoin's UTXO set
Runes employs UTXO-based system, simpler than BRC-20
Aims for small on-chain footprint and responsible UTXO management
Other Bitcoin token protocols (RGB, Counterparty, Omni) have issues
While skeptical of tokens, thinks right protocol could benefit Bitcoin

cointelegraph.com

Relevant topic timeline:

8/23/2023

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