How Rune Works
The specific workings of the Rune protocol may vary depending on its technical implementation. However, in general, Rune likely operates as follows:
Protocol Activation: Rune is designed to activate at a specific event or condition on the Bitcoin network, such as the halving event mentioned in the article. Once activated, users can begin utilizing the protocol to create and manage tokens.
Token Creation: Users can create fungible tokens on the Bitcoin blockchain using the Rune protocol. This process may involve specifying parameters such as the total token supply, token name, and any other relevant attributes.
Token Management: Once created, tokens can be managed and transacted by users through compatible wallets and platforms. Users may send, receive, and trade tokens just like they would with Bitcoin or other cryptocurrencies.
Smart Contract Functionality: Rune may also incorporate smart contract capabilities, allowing for more complex token functionalities such as automated transactions, conditional transfers, and token burning.
Integration with Exchanges and Platforms: To facilitate liquidity and adoption, tokens created using the Rune protocol can be listed on cryptocurrency exchanges and decentralized platforms. This allows users to trade tokens against other cryptocurrencies or fiat currencies.
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