SRC 20 Protocol’s ‘Unmatched Data Permanence’ Makes It a Superior Choice Over BRC 20 and Runes.
According to a study conducted by the consultancy firm Universelle, the SRC20 protocol stands out among other protocols running on the Bitcoin network due to its “unmatched data permanence.” The report adds that the protocol’s upcoming cost-reduction upgrade makes SRC20 a compelling choice for long-term projects and investments.
Regarding the user-friendliness of protocols on the Bitcoin network, the Universelle study claimed that the SRC20 protocol outperformed Runes and BRC20 because it does not require transfer inscriptions or splitting UTXOs. Concerning wallet support, the report noted that while both BRC20 and Runes have a higher level of infrastructure and wallet support, the SRC20 protocol is rapidly catching up.
In terms of funding, SRC20-based projects have attracted between $5 million and $10 million in venture capital investment. This is slightly lower than the $20 million attracted by BRC20. However, the Universelle analysis asserts that capital flowing into SRC20 tokens will only increase with greater acceptance and adoption.