The new Bitcoin protocol Alkanes is here: focusing on Bitcoin ecosystem applications and asset creation.

Gate News bot message, according to longer technical documentation, a meta-protocol named Bitcoin Alkanes has recently appeared in the Bitcoin ecosystem. This protocol provides developers with tools to create applications, NFTs, and Tokens on the Bitcoin network.

The design goal of the Alkanes protocol is to expand the functionality of the Bitcoin network. Following the Ordinals protocol and the Runes protocol, Alkanes has become another technological solution focused on asset creation within the Bitcoin ecosystem.

Source: PANews

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