Let's know about BRC-20, The BRC-20 token standard is a fungible token standard designed for the Bitcoin blockchain, And created using the Ordinals protocol.
The Inscriptions are like NFTs made on Satoshis, allowing individuals to have identities and transfer them across transactions.
Is ERC-20 Similar to BRC-20?
So everyone have question will ERC-20 & BRC-20 are same? Let me answer it now,
Now that you know that BRC-20 tokens are transferable on the blockchain, are they similar to Ethereum’s native token standard? The answer is NO. The BRC-20 token standard utilizes the Proof Of Work (PoW) mechanism, while the ERC-20 uses the Proof Of Stake (PoS) mechanism. The significant difference between both networks is EVM compatibility.