Cryptocurrency Q&A
Is BRC20 a smart contract?
Is BRC20 a smart contract?
Tommaso
Sun Sep 01 2024
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7 answers
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I'm curious to know, could you clarify whether BRC20 is a smart contract or not? I've heard it being discussed in the context of blockchain and cryptocurrency, but I'm not entirely sure what it entails. Is it a type of code that executes automatically on a blockchain network, or does it have a different function entirely? Your insight would be greatly appreciated.
7 answers
MysticGlider
Tue Sep 03 2024
The BRC-20 token standard distinguishes itself from the widely adopted ERC-20 by eschewing the utilization of smart contracts.
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Andrea
Mon Sep 02 2024
Instead, it innovatively incorporates Ordinal inscriptions of JSON data into its core architecture.
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CryptoBaroness
Mon Sep 02 2024
This feature enhances trust and security within the blockchain ecosystem, as users can confidently track and audit token movements.
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CryptoAlly
Mon Sep 02 2024
This approach enables BRC-20 to deploy, mint, and transfer tokens in a manner that is both efficient and streamlined.
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SkylitEnchantment
Mon Sep 02 2024
Among the various cryptocurrency exchanges that support BRC-20 tokens, BTCC stands out as a premier platform.
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