Today, Binance Square is really lively! Many friends are chatting about BRC-20 inscriptions, which makes me eager to join in.
That being said, BRC-20 essentially utilizes Bitcoin's Ordinals protocol to engrave information on satoshis (the smallest unit of Bitcoin), which is equivalent to stamping each satoshi and giving it a unique 'ID card'.
I remember at the beginning of the year when BRC-20 first came out, everyone found it quite novel, but what really made it popular were the various inscription tokens that appeared, such as 'ordi', 'sats', and so on. The issuance and trading of these tokens quickly congested the Bitcoin network, and gas fees soared as well.
Some see this as innovation, bringing new vitality to Bitcoin; others view it as speculation, detrimental to the long-term development of the Bitcoin network. But regardless, BRC-20 has indeed gained significant attention and has led more people to explore the broader possibilities of the Bitcoin ecosystem. As a friend of mine said, if you don't study BRC-20 now, you might feel left behind by the times! What do you think the future of BRC-20 will be?