What is DRC-20? 

There’s a new game-changer in town called DRC-20 on $DOGE. Even if you’re new to this, understanding it is a must. We’re talking about a new type of digital currency that’s getting lots of attention.

You might have heard of BRC-20, a similar thing for Bitcoin, but it has its problems – high fees and slow transactions. DRC-20 is here to solve those problems. It’s super fast and cheap. So, people are curious about it.

The DRC-20 token was introduced on May 9 and is based on the same technology as the BRC-20 coin.

These digital assets, like the BRC-20, are counted in the smallest unit of DOGE called an “Elon,” where 100,000,000 Elons make one DOGE.

The DRC-20 token was created to fix the problems of the BRC-20. It’s faster and cheaper, which has caught the attention of investors and fans of these tokens.

When a better solution is needed, people come up with new ideas, and that’s what the DRC-20 aims to do.

One cool thing about DRC-20 is that it allows for “arbitrary content” in its inscriptions. This means you can make digital items that are both like regular tokens and special ones like NFTs, without needing extra stuff like sidechains or middlemen.

At a Bitcoin Ordinals event, the DRC-20 standard got a nickname, “Doginals,” from the Cheems account, a meme project on Solana that liked this new standard.

When the DRC-20 tokens first came out, there wasn’t a specific tool to make them. But Enigma, a project, named some of the future DRC-20 tokens like Cheems, Dogewow, Misu, Pepe, and Meme and gave instructions on how to make them.