Cryptocurrency Q&A
What is BRC 20 on ethereum?
What is BRC 20 on ethereum?
BenjaminMoore
Sun Dec 08 2024
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6 answers
1402
BRC20 is not directly related to Ethereum, but rather a token standard on the Bitcoin blockchain. It allows for the creation and management of tokens on the Bitcoin network, similar to ERC20 on Ethereum. BRC20 defines rules for token issuance, transfer, and other operations, enabling interoperability and security within the Bitcoin ecosystem.
6 answers
EtherealVoyager
Tue Dec 10 2024
BRC-20 represents an innovative token standard designed for experimental purposes.
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DiamondStorm
Tue Dec 10 2024
It facilitates the minting and seamless transfer of fungible tokens on the Bitcoin blockchain.
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Lorenzo
Tue Dec 10 2024
This is achieved through the utilization of the Ordinals protocol, which serves as the backbone for BRC-21.
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CryptoKing
Tue Dec 10 2024
Inspired by Ethereum's ERC-20 tokens, BRC-20 introduces a fresh approach to tokenization on Bitcoin.
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Margherita
Mon Dec 09 2024
Despite sharing similarities with ERC-20, BRC-20 tokens incorporate distinct mechanisms and functionalities tailored for the Bitcoin ecosystem.
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