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## Alex Dovbnya

### Rules Could Solve Bitcoin’s Security Problem, but Will their Success Last?

In the ever-evolving world of cryptocurrency, Bitcoin managed to generate a staggering $78.3 million worth of fees on Apr. 20. This amount far surpasses Ethereum’s $3.2 million, solidifying Bitcoin’s dominance in the market. The introduction of Bitcoin Runes following the halving event has sparked a massive uptick in fees, with the protocol allowing the creation of fungible tokens on the blockchain.

Lucas Outumuro, a researcher at IntoTheBlock, described the launch of Runes as “absolutely insane,” noting that the $80 million in daily fees is four times larger than the previous all-time high set in December 2017. Despite the average transaction fee peaking at $128 during the ordinals, miners are experiencing record revenues post-halving event, with earnings surpassing $100 million.

The launch of Runes has caught many off guard, with Outumuro highlighting how traditional finance was caught unaware. The question remains whether the hype surrounding Runes will persist in the long run, especially as retail interest seems to be waning.

### How AI legalese decoder Can Help

With the complexities surrounding cryptocurrency laws and regulations, the AI legalese decoder can assist users in decoding legal jargon related to Bitcoin security protocols. By breaking down intricate legal terms and providing comprehensive explanations, this tool can help individuals navigate the legal landscape and ensure compliance with regulations. Additionally, the AI legalese decoder can offer insights into the potential implications of new protocols like Bitcoin Runes on the legal framework of the industry, providing valuable information for stakeholders.

## About the Author

### Alex Dovbnya

![Alex Dovbnya](

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader, and journalist with extensive experience covering everything related to the industry. He has authored over 1,000 stories for U.Today, CryptoComes, and other fintech media outlets, with a particular interest in regulatory trends shaping the future of digital assets. Contact Alex at [email protected].

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