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It’s also important to note some other differences from ERC-20. Unlike ERC-20, BRC-20 is not an approved standard but still in the proposal phase, and unlike ERC-20 tokens, BRC-20 tokens are not ...
Governance on BRC-20 and on Bitcoin general is often a thorny subject, as highlighted at the start of this year when Ordinals marketplace UniSat and Domo came into a potential conflict.
The BRC-20 token standard was developed in early March by an anonymous on-chain analyst named Domo. The goal was to enable the issuance and transfer of fungible tokens on the Bitcoin blockchain.
The market cap of BRC-20 tokens has surged in recent days as traders drive up the value of the Bitcoin-based ORDI, MEME, and more.
“BRC-20’s purpose so far has been the highlighting of certain friction points within the Bitcoin community and sparking a very necessary debate about immutability, censorship and what Bitcoin is and ...
The BRC-20 token standard was developed by Twitter user Domo on March 8. Currently, there are over 14,000 BRC-20 tokens deployed on Bitcoin compared to an estimated 400 million tokens on Ethereum.
The latest hype around Bitcoin Ordinals and BRC-20 tokens is unsustainable and will fade away in a matter of months, according to Jan3 CEO Samson Mow. “These guys are basically paying massive ...