Summary
TLDR: Bitcoin’s halving on April 20 drew attention, but was overshadowed by the controversial Runes protocol, causing network congestion and high fees. Runes allows for meme coins on the Bitcoin blockchain, increasing miner rewards post-halving.
Key Points
1. Bitcoin’s halving on April 20 garnered significant attention and praise from the crypto market.
2. The debut of the Runes protocol caused controversy by congesting the network with high fees and meme coins.
3. Runes protocol led to a surge in Bitcoin network activity, resulting in congestion, heightened fees, and increased block revenue.