Bitcoin Network Fees Soar as Runes Launch Nears
Bitcoin network fees increase significantly as Runes launch and halving event nears. Runes protocol set to launch at Bitcoin block height 840,000, coinciding with halving. Transaction fees on the Bitcoin network quadruple in the past week. Runes expected to introduce new fungible token standard, leading to a scramble for minting. Bitcoin halving event is scheduled to occur on April 20, cutting miner rewards in half. The...