The recent popularity of MEME coins has brought the brc-20 concept that appeared last month to a new high. Let's talk about your views on the brc-20 concept coin:
Completely different logic from ETH
Because there are no smart contracts, the way of recording inscriptions seems very old-fashioned and the functions are not yet perfect, so it is difficult for large-scale projects to come out; also because there are no smart contracts, there is no need to worry about contract loopholes, project rugs and other security issues, and the degree of openness is higher.
Innate hype value
@domodata said that #brc-20 based on the #Ordinals protocol is just an experiment. Innovative physical objects are very popular in themselves, not to mention that they are released on the Bitcoin network with the strongest consensus. The first-come-first-served rule of the inscription is likely to cause #FOMO In addition to text, the inscription can also contain pictures, audio, small programs... opening up space for application scenarios.
Can I still get on the bus?
From the perspective of inherent value, the value of one satoshi bitcoin determines the value of the inscription itself, but brc-20 is more of a hype value. At this stage, it is still in the early stages: ecological wallets, exchanges, and Dapps are gradually catching up; users are just beginning to understand it. Personally, I think there is still a lot of room for imagination in Bitcoin inscriptions, and it is likely that more creative ways of playing will appear in the future, not just MEME coins.
