Gate.io Research: BRC-20 —— A Fun Experimental Standard for Bitcoin
Blog iconGate.io Research
May 17
The BRC-20 StandardCreationPublished by @domodata in Mar. 2023, the BRC-20 is a token protocol based on the Bitcoin network, similar to the ERC-20 standard on the Ethereum network. The BRC-20 protocol relies on the ordinals inscriptions of the JSON data to deploy, mint, and transact tokens. It is a fun experimental standard, as @domodata said in the document, users can create off-chain balance stats utilizing inscriptions. But the creator also stated “This is an extremely dynamic experiment t...

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