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TechFlow news: Ordinals founder Casey tweeted that Runes is built for degens and memecoins, but the protocol is simple, efficient, and secure. It's a legitimate competitor to Taproot Assets and RGB.
It does not rely on ordinals or inscriptions; balances are stored in UTXOs and can be locked on the Lightning Network. Runes names are optional—reserved names are assigned if no name is specified.
Casey, founder of Ordinals, tweeted that Runes is built for degens and memecoins, but the protocol is simple, efficient, and secure. It's a legitimate competitor to Taproot Assets and RGB. It doesn't rely on ordinals or inscriptions—balances are stored in UTXOs and can be locked on the Lightning Network. Runes names are optional; if no name is specified, a reserved name is assigned.
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