Daniel Müller is CEO of deZentrale and certified blockchain professional and cryptofinance expert and author of the book “Web3 The dezentralized Revolution on the Internet”. The vision of Daniel, CEO of deZentrale will be the main question in this phantastic episode of YourVision!
Since January 2022, I have deregistered my event technology and photovoltaic assembly businesses and have been working full-time on https://www.deZentrale.at/.
This gives me time to write this book and pass on my knowledge. My book is about NFT, blockchain and cryptos, a phantastic guide for beginners.
I’ve been on the Web3 since 2016. Starting with cryptocurrencies and the ICO, Initial Coin Offering hype in 2017, I very quickly became interested in the various new applications. Decentralized identities, censorship-resistant websites and freight monitoring, to name just a few.
In 2020, I bought my first plots of land in various virtual worlds and delved deeper into the topic of NFTs. Then came art NFTs and the so-called collectibles, similar to digital trading cards and PfP, Picture for Profile NFTs.
At the same time, I got certified as a blockchain professional and cryptofinance expert.
Today I speak with Daniel about his vision with Runes – what can you do with them, will they change web3 – or even the world? Runes have at the moment a market capitalization of 290 million US dollar.
Bitcoin Runes
Bitcoin Runes is a new protocol designed to create fungible tokens on the Bitcoin blockchain. Here are the key points:
- Protocol Overview:
Runes leverages Bitcoin’s Unspent Transaction Outputs (UTXOs) to hold digital tokens.
Each UTXO can contain any quantity of any number of runes, allowing multiple token types and amounts to coexist within a single UTXO.
- Simplicity and Efficiency:
By using Bitcoin’s UTXO model and the OP_RETURN opcode, Runes simplifies the creation and management of fungible tokens.
It aims to improve Bitcoin’s efficiency around fungible tokens while expanding the network’s utility to appeal to a wider audience, including meme coins and community-driven projects.
- Launch and Market Cap:
Runes was released following the fourth Bitcoin halving in April 2024.
The most popular Rune by market cap at the time of writing is RSIC•GENESIS•RUNE
- Creator’s Vision:
Casey Rodarmor, the creator of Runes, believes that a good fungible token protocol for Bitcoin could bring significant transaction fee revenue, developer mindshare, and users to Bitcoin.
In summary, Bitcoin Runes revolutionizes how fungible tokens (or “runes”) are handled within the Bitcoin ecosystem, offering a straightforward and efficient way to manage, transfer, and create digital tokens.
Socal Media Links:
https://books2read.com/u/mq97Od
LinkedIn: all links are here at linktr.ee! https://linktr.ee/nftcompass
Token based distribution – mentioned in the video!