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What are BRC20 tokens?
The BRC-20 “token standard” is a fungible token developed with Ordinals and Inscriptions and saved on the $BITCOIN base chain. It deploys token contracts, mints tokens, and transfers tokens using Ordinal inscriptions of JSON data.
This is not a token standard in the sense that EVM chains create smart contracts that manage the token standard and its various rules, but rather a method of storing a script file in $BITCOIN and using that file to attribute tokens to satoshis and then allowing them to move from one user to another.
As the demand for BRC-20 tokens continues to climb, so are transaction costs as a result of the increased token activity. With the increased hype of the BRC-20 tokens, the #BTC chain is congested.
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What are BRC20 tokens?
The BRC-20 “token standard” is a fungible token developed with Ordinals and Inscriptions and saved on the $BITCOIN base chain. It deploys token contracts, mints tokens, and transfers tokens using Ordinal inscriptions of JSON data.
This is not a token standard in the sense that EVM chains create smart contracts that manage the token standard and its various rules, but rather a method of storing a script file in $BITCOIN and using that file to attribute tokens to satoshis and then allowing them to move from one user to another.
As the demand for BRC-20 tokens continues to climb, so are transaction costs as a result of the increased token activity. With the increased hype of the BRC-20 tokens, the #BTC chain is congested.
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