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Showing posts from May, 2023

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...

Bitcoin's BRC20 Token Standard - An Advancement In Token Development

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If you are a part of the crypto community, then you would have heard about the launch of BRC20 Token, an experimental token standard thats holding a huge expectations of the cryptopreneurs. If you are intrigued to know about it, then this blog will break down all about the trending Bitcoin's BRC20 token standard . 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 BRC20 has gained massive popularity among the huge crypto fan base.   Comparison Between BRC20 Token And ERC20 Token   Since the BRC20 token standard rhymes with the popular ERC20 token standard, a question is revolving amo...