In the token space, when compared with ARC20, the term used in the ARC20 white paper is FT (token) instead of token. Both approaches have their own advantages and disadvantages:
Advantage:
1. Direct transfer: ARC20 allows direct transfer without the need for cumbersome token transfer operations.
2. Batch sending: It has the function of one-to-many batch sending, which improves the efficiency of operation.
3. Eliminate the inscription layer: ARC20 eliminates the inscription layer and can perform various intelligent operations.
4. 1 Satoshi corresponds to 1 FT: ARC20 realizes a simple and direct conversion of one Satoshis to 1 FT, without the need for complex indexing to grant credit.
5. Native DeFi: In the future, ARC20 is expected to build DeFi applications that are more native to the Bitcoin chain and more tightly integrated into the Bitcoin ecosystem, avoiding the construction of complex inscription layer facilities.
Disadvantages:
1. Minimum transfer limit: Currently, the minimum transfer amount of ARC20 is 546 satoshis, and it is not possible to transfer smaller amounts.
2. Precision limitation: The native precision of ARC20 only includes 1-bit integer. If you need to achieve precision after the decimal point, you may need to use other means.
Overall, ARC20 tokens have advantages in providing a more direct and efficient way of transaction, but they also have some limitations, such as the minimum amount and accuracy of subdivided transfers. Its future prospects may be affected by market acceptance and technological improvements.
I still recommend that everyone go to the bottom to layout the BRC-20 ETCS project, which can be bought, sold and pledged on the OK Exchange and Unisat.
#ARC20 #ETCS #geminiearn #etf #bnbgreenfield ETCS$BTC $ETH $BNB
