BRC-20 Is Rising in Bitcoin Network: Here's What You Need To Know
2023 started out as a great year for the crypto currency ecosystem. The industry witnessed the arrival of several new assets. Moving beyond the meme coin craze, Bitcoin has made quite some noise over the last couple of months. While the king coin’s $30K retest was one of the reasons, Bitcoin’s BRC-20 tokens were the other. BRC-20 tokens are currently the talk of the crypto town. But what are these tokens? Diving into BRC-20 tokens BRC-20 tokens were introduced in March 2023 by an anonymous Twitter user going by the name “Domo.” These tokens are based on the Bitcoin blockchain and are short for “Bitcoin Request for Comment.” The BRC-20 token standard is an experiment that takes cues from Ethereum’s well-known ERC-20 standard. Token standards are pertinent as they determine the usage and scope of a crypto currency in the market. Examples of other token standards include ERC-20, BEP-20, and TRC-20, among others. An experiment into " brc-20 's" and fungibilit...