$$$Because of the popularity of brc20, I am afraid that brc20 will be like difi back then. I spent a day researching yesterday and didn’t want to miss it.

But I still haven’t studied it enough.

So what exactly is brc20?

Simply put, because the Bitcoin network does not have smart contract functions, it is even impossible to issue new tokens based on the Bitcoin network. But because of the UTXO model on the Bitcoin network, each specific Satoshi (the smallest unit of Bitcoin) can be specifically located.

The so-called brc20 is to engrave words on certain satoshis (of course, pictures can also be engraved). These engraved satoshis are different from ordinary satoshis, and they circulate with the circulation of btc. But these engraved words circulate as a new token. From here, brc20 looks more like nft.

I can't understand this thing.

It seems to be a token, but it also seems to be nft.

If it’s a token, wouldn’t it be better to use eth’s smart contract?

If it is an NFT, then it belongs to the category of collectibles, which is similar to the avatar that Sun cut spent a lot of money to buy.

So, I don’t know whether it has value or not.

In view of this, I rushed brc20 yesterday

I was trapped today, over.

The picture below is

@0xKillTheWolf

The latest brc20 token overview.

I still suggest everyone not to be FOMO. If you are afraid of missing out, hold on to a little bit. Don't be deceived by others with the BTC in your hands in the end.

$BTC #BRC2O #BTC🔥🔥