BRC-20 Ordinals

BRC-20 is a term that refers to a token standard on the ICON blockchain. ICON is a blockchain platform designed to connect various independent blockchains together. Similar to Ethereum’s ERC-20 standard, BRC-20 is a set of rules and guidelines that developers can follow to create and manage their own tokens on the ICON network.

The BRC-20 token standard ensures interoperability between different tokens within the ICON ecosystem. It establishes a common framework for token creation, ownership, and transfer, allowing tokens to be easily exchanged and utilized across various decentralized applications (DApps) and smart contracts built on the ICON blockchain.

BRC-20 tokens can represent a wide range of digital assets, including utility tokens, security tokens, or even stablecoins. Developers can implement additional functionalities and features into their BRC-20 tokens, such as voting rights, dividend distribution, or access control, depending on their specific use case.

The BRC-20 standard has gained popularity within the ICON community and has been widely used for token creation and management on the ICON blockchain. It provides a solid foundation for building decentralized applications and facilitating the seamless flow of digital assets on the ICON network.

1 Like