The BRC-20 standard (BRC stands for Bitcoin Request for Comment) was introduced in April to allow users to issue transferable tokens directly through the network for the first time. The tokens, called inscriptions, function on the Ordinals Protocol. That protocol allows users to embed data into the Bitcoin blockchain by inscribing references to digital art into small bitcoin-based transactions.
Related posts
-
Mango Markets Agrees to Destroy MNGO Tokens in SEC Settlement
Mango DAO, Mango Labs and Blockworks Foundation agreed to settle charges with the U.S. Securities and... -
A memecoin frenzy is coming to BNB Chain, and FLOKI tokens are at the centre of it
With the bonding curve model, anyone can deploy a memecoin or a launchpad that supports this... -
Bitcoin’s Liquidation Data Signals a Possible Trend Reversal—Here’s Why
Bitcoin price movements and market sentiment have often been tied to the positions held by traders...