Bitcoin’s latest BRC-20 standard has become the new hot spot for meme tokens, especially after the Pepe coin surge over the past month.
Bitcoin’s BRC-20 token standard has become the latest trend in the crypto ecosystem, especially after the Pepe meme coin rise in recent months. A total of 8,500 different tokens have been minted using the BRC-20 standard, and the majority of these BRC-20 tokens are meme coins, such as Pepe and Meme.
BRC-20 is an experimental token standard on the Bitcoin blockchain modelled after Ethereum's ERC-20. It allows programmers to create and send fungible tokens via the Ordinals protocol. Although modelled after ERC-20, the BRC-20 token standard is fundamentally different from its Ethereum-based counterpart. BRC-20 tokens don’t make use of smart contracts. The token standard also requires a Bitcoin wallet to mint and trade these tokens.early in March this year by an anonymous on-chain analyst called Domo. The objective was to make it possible for fungible tokens to be issued and transferred on the Bitcoin blockchain.
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