BRC-20 tokens are the latest innovation of the Ordinals Protocol and have taken over timelines across Crypto Twitter in recent weeks. BRC-20 is an experimental token standard that has enabled the deployment, minting, and transferring of fungible tokens on the Bitcoin blockchain.
How are ERC-20 tokens created?
ERC-20 tokens are created through a proper smart contract code written in a language understood by the EV Machine such as Solidity. The smart contract code is deployed on the state machine to create the tokens. In contrast, BRC-20 tokens are created through ordinal inscriptions on satoshis using JSON.
What are brc-20s & how do they work?
BRC-20s are basically (with some major caveats like a lack of smart contracts) Bitcoin’s version of ERC-20s. That said, there haven't been other “BRC” numbers as Bitcoin changes actually go through a process called BIP, or Bitcoin Improvement Proposals.
What is ERC 20 & how does it work?
ERC-20 is an Ethereum token standard that enables developers to create tokens that are compatible with the broader Ethereum network and have built-in smart contracts.
