Understand What Is BRC20 And How Its Works
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BRC20 Tokens - An Overview BRC standards for Bitcoin Request For Comment. BRC-20 token standard is a Bitcoin blockchain’s framework that enables the developers to create and transfer fungible tokens through the ordinal protocol. This token standard was launched on March 2023 by an unknown analyst know as Domo. Despite being an experimental standard, BRC20 is based on Bitcoin’s network, the most well-established and secured blockchain. Hence, Bitcoin BRC20 token standard has gained massive popularity among the huge crypto fan base. How It Works? To have a better understanding about the functioning of BRC20, first you should know about the working mechanism of Bitcoin’s Ordnial protocol. These BRC20 tokens functions based on the functions that come under the Ordinal Inscriptions of JSON (JavaScript Object Notation). Such functions are - Mint function (), Deploy function (), Transfer function (). Why is BRC20 Token A Game Changer for Bitcoin? After the launch o...