
BRC-20 Tokens: An Introduction to Bitcoin’s Fungible Token Standard
Introduction BRC-20 tokens are an experimental token standard designed to enable fungible tokens on the Bitcoin blockchain. Inspired by Ethereum’s ERC-20 tokens, BRC-20 tokens utilize the Bitcoin Ordinals protocol to inscribe data onto individual satoshis, making them transferable and tradable. However, unlike Ethereum’s smart contract-based tokens, BRC-20 tokens operate without smart contracts, leading to both…