What Is BRC-20 Block chain Technology

The [BRC-20 token standard] is an experimental fungible token standard for Bitcoin created by Twitter user, [@domodata]on March 8th, 2023.

It utilizes Ordinal inscriptions of JSON data to deploy token contracts, mint tokens, and transfer tokens.

source: coinmarketcap

It’s the latest evolution in the Ordinals saga that has irritated some Bitcoin maximalists, yet also excited many creators and collectors about the expanding possibilities around the original blockchain network. Now the tech is being used in an analog to the ERC-20 token standard on Ethereum, but it’s still very early and experimental.

And many coins and NFTs are skyrocketing using BRC-20 chain. So, share your thoughts about this should we invest in this or do we need to wait some more time?


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