How are brc-20 tokens minted?

BRC-20 tokens are minted and spent like normal tokens. A Bitcoin ordinal wallet is required to mint BRC-20 tokens, and there is a limit for each mint. The BRC-20 token standard has seen a rise to prominence with the market capitalization reaching over $600 million and thousands of BRC-20 tokens minted already.

What is bitcoin request for comment (brc-20)?

“Bitcoin Request for Comment” (BRC-20) is a new, experimental token standard being used to issue and transfer fungible tokens on the Bitcoin blockchain. BRC-20 was first detailed in March 2023 and uses the Ordinals protocol. The market cap of all BRC-20 tokens stood at ~$750M as of 5/8/2023. That’s up ~44x from ~$17.5M as of 4/24/2023.

What is the BRICS currency?

The BRICS currency is a proposed inter-country currency among Brazil, Russia, India, and China. Ostensibly, the new currency would facilitate transactions, trade, and investments between BRICS nations. Despite leading in collective GDP, the BRICS economies are still subject to the US dollar.

What are ordinal NFTS & brc-20 tokens?

Since then, Bitcoin developers have been exploring use cases of this new ability, giving rise to ordinals NFTs and BRC-20 tokens. Ordinal NFTs are non-fungible and are created by attaching a digital asset file such as images to a satoshi. BRC-20 tokens are fungible and are created in a different way.