Cryptocurrency Q&A
What is BRC-20 token?
What is BRC-20 token?
Margherita
Tue Nov 19 2024
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7 answers
1621
BRC-20 is a token standard on the Bitcoin network, similar to ERC-20 on Ethereum. Created by domodata on March 8, 2023, it allows the issuance of homogenized tokens on Bitcoin using JSON data format through the Ordinal protocol. BRC-20 tokens can be transferred and traded using the Bitcoin network, independent of Bitcoin's value, and are storable on compatible wallets and exchanges.
7 answers
CryptoWizardry
Thu Nov 21 2024
A BRC-20 token represents a significant advancement in the realm of cryptocurrencies.
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Stefano
Wed Nov 20 2024
This protocol possesses the capability to inscribe data onto specific fractions of a Bitcoin.
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henry_grayson_lawyer
Wed Nov 20 2024
These tokens were conceptualized and introduced by a blockchain analyst.
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Giuseppe
Wed Nov 20 2024
This feature enhances the versatility and functionality of BRC-20 tokens.
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CryptoElite
Wed Nov 20 2024
The BRC-20 token standard serves as a framework for the creation and seamless transfer of fungible tokens.
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