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Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.\nNot only will April 20 (or 19, depending on which part of the world you are) mark the fourth Bitcoin halving, but also the launch of a new primitive on Bitcoin called Runes Protocol.\xa0\nCharlie Spears, co-founder of Blockspace Media, joined Unchained to talk about all things\xa0Runes, which is a messaging protocol that allows for the creation of fungible tokens on Bitcoin. It is designed to fix some of the issues with the BRC-20 token standard, such as inefficiency and proliferation of unspent transaction outputs. Charlie believes that the launch of Runes will increase demand for Bitcoin's blockspace and potentially lead to higher transaction fees. He also discusses the potential for Runes to interact with Bitcoin covenants and layer two solutions.\nShow highlights:\n\nWhat Runes is and why Charlie believes that it is the hottest thing since Ordinals\n\nThe differences between Runes and BRC-20 fungible tokens\xa0\n\nRunes\u2019 unique features, with Charlie pointing out that this is \u201cwhat the degens really want\u201d\n\nWhether the Runes Protocol will create a \u201cburst of demand\u201d and have a positive impact on miners\xa0\n\nWhether the launch of Runes will be successful in the long-term and how Bitcoin\u2019s blockspace could become more attractive\n\nWhether Bitcoin L2s will help clear Bitcoin\u2019s mempool, and why Charlie believes that they won\u2019t reduce fee pressure on the base layer\n\nThe coolest things that Runes Protocol will enable, according to Charlie\n\nHow Taproot Assets and RGB differ from Runes and why they have not taken off\n\nWhy Casey, the founder of Runes, will claim the first inscription with Uncommon Goods\n\nThank you to our sponsors!\n\niTrustCapital\n\nPolkadot\n\nGuest\n\nCharlie Spears, cofounder of Blockspace Media\nLinks\nRecent coverage on Unchained of the Bitcoin halving: Arthur Hayes and Will Clemente on How This Bitcoin Halving Is Different\n\nRunes\n\nUnchained: What Are Runes? A Guide to the New Fungible Token Protocol on Bitcoin\n\n\n\nBitcoin Runes Explainer by Charlie Spears\n\nBRC-20s and Ordinals:\n\nUnchained:\n\nWhat Are BRC-20 Tokens? A Brief Introduction\n\nBitcoin\u2019s BRC-20 Mania: Is It Sustainable?\n\nHow to Create a Bitcoin Ordinal\n\nBitcoin Ordinal NFTs Are Hot and Getting Hotter. What's the Hype About?\xa0\n\nHalving\n\nUnchained:\xa0\n\nBitcoin Halving: What Is It & How Is It Determined?\n\nHere\u2019s Why No One Agrees Exactly When The Bitcoin Halving Will Happen\n\nBitcoin Miners Diversify Their Revenue Streams as Halving Nears\n\nBitcoin L2s\n\nUnchained:\xa0\n\nStacks\u2019 Muneeb Ali On Why Bitcoin Is Exciting Once Again\n\n\nCitrea: An Ethereum-Like Experience Built on Bitcoin?\n\n\nHow Botanix Aims to Enable Smart Contracts on Bitcoin\n\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices