WHAT IS BRC-20
BRC-20 is a token standard on the Bitcoin blockchain. This standard allows tokens to be generated and transferred.
BRC-20-based tokens are specifically designed for the Bitcoin blockchain network and have different mechanisms and functions compared to Ethereum-based tokens, they also differ from ERC-20-based tokens in that they use the Ordinals protocol instead of a smart contract.
ORDI, the first BRC-20 token, was launched on March 8, 2023. The increasing interest in BRC-20 tokens and the potential they offer for the Bitcoin blockchain is increasingly attracting attention.
When we look at the last 8 months of BRC-20 tokens, the Marketcap Value of Total BRC-20 Tokens was: 80M$ 8 months ago, and as of today, a marketcap value of 3.3B$ has been reached. At the same time, ORDI token is on Binance after 8 months. It has also been listed and has currently reached a Marketcap of $488M.
BRC-20 tokens have made a name for themselves in the crypto community with their distinctive innovation and on-chain features, and good profits can be made. However, it is possible to see that BRC-20 based tokens are at an early stage even now and new developments are taking place every day.
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