Please be informed that the original content is in English. Some of our translated content may be generated using automated tools which may not be fully accurate. In case of any discrepancies, the English version shall prevail.

BRC-20

By: WEEX|2024/10/21 05:38:13

BRC-20 is a token standard designed for the Bitcoin blockchain, enabling the creation of fungible tokens similar to Ethereum's ERC-20 standard. It leverages ordinal inscriptions and operates within the Bitcoin network, which historically was not built for tokens other than Bitcoin. BRC-20 allows the minting and transferring of tokens on Bitcoin using a specific JSON inscription to define properties like the token's supply and minting process. With the rise of decentralized finance (DeFi) and the need for a more versatile use of Bitcoin's blockchain, BRC-20 introduces new functionalities to Bitcoin beyond simple transactions. While BRC-20 tokens are still in the experimental stage, they signify a shift towards increasing Bitcoin's utility in the decentralized ecosystem.

BUIDL Bots

BRC-20

You may also like

Gainers