Transactions attributed to the Runes protocol accounted for over 50% of all Bitcoin transactions between April 20 and 24; however, by May 2, this figure had dropped to 11.1%.
In other news, Bitcoin Runes, which peaked in popularity in April, has seen an 84% decline in transactions since then. Ethereum co-founder Vitalik Buterin called for using zero-knowledge likes on the newly launched decentralized social media platform Farcaster to combat preference falsification. The company said its lawyers had successfully represented firms, including Grayscale and Ripple, against the financial regulator. Chief legal officer Marvin Ammori claimed that the SEC’s case was “weak and wrong” based on treating all tokens as securities under its purview.) transactions. Since its launch on April 20, Runes transactions have dominated Bitcoin blockchain traffic on eight different days, mostly during the weekends..
On May 20, Buterin took the idea further, suggesting that Farcaster implement ZK likes to combat preference falsification — the misrepresentation of true preference due to social pressure or fear.StarkWare has announced the introduction of ZKThreads, a new scaling framework designed to prevent trapped funds and improve the scalability of decentralized applications.
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