Cryptocurrency Q&A Which chain is BRC20?

Which chain is BRC20?

CryptoTitaness CryptoTitaness Thu Nov 21 2024 | 7 answers 1730
I'm trying to figure out which chain the BRC20 belongs to. I've heard of different blockchain networks and tokens, but I'm not sure which one BRC20 is associated with. Can someone clarify this for me? Which chain is BRC20?

7 answers

IncheonBeautyBloomingRadianceGlow IncheonBeautyBloomingRadianceGlow Sat Nov 23 2024
The minting of these tokens operates on a first-come-first-served basis, ensuring fairness and transparency in the distribution process.

Was this helpful?

104
72
Michele Michele Sat Nov 23 2024
Unlike many other cryptocurrencies, BRC20 does not support smart contracts, which sets it apart from other blockchain-based projects.

Was this helpful?

370
50
GinsengBoost GinsengBoost Sat Nov 23 2024
BRC20 represents an experimental meme token that has been minted specifically on the Bitcoin chain.

Was this helpful?

301
94
Daniele Daniele Sat Nov 23 2024
The absence of smart contracts simplifies the system and reduces complexity, potentially making it more user-friendly.

Was this helpful?

375
74
CryptoVisionary CryptoVisionary Sat Nov 23 2024
The process of deploying these tokens onto the chain utilizes the ordinals protocol, which allows for a unique and innovative method of distribution.

Was this helpful?

177
62
Load 5 more related questions

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts