BRC-20 is a new token standard on the Bitcoin blockchain, named after Ethereum’s ERC-20. And the idea of BRC-20 is to create fungible tokens via the Ordinals protocol. However, instead of using smart contracts, BRC-20 tokens instead require a Bitcoin walle…
BRC-20 is a new token standard on the Bitcoin blockchain, named after Ethereum’s ERC-20. And the idea of BRC-20 is to create fungible tokens via the Ordinals protocol. However, instead of using smart contracts, BRC-20 tokens instead require a Bitcoin wallet to mint and trade tokens.
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- Source: https://thedefiant.io/what-is-brc-20-bitcoin-network-is-the-new-home-of-memecoins
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