⚡ What are BRC-20 tokens?
🐸 $PEPE is an ERC-20 token built on the Ethereum blockchain. Its crazy popularity caused some serious on-chain congestion for Ethereum, resulting in high fees and slow transaction times.
➡️ This gave rise to BRC-20 tokens, which have taken over Bitcoin recently. BRC-20 is a new token standard that allows for the minting and transferring of fungible tokens via the Ordinals protocol on the Bitcoin blockchain.
💥 Since memecoins exploded over the last few weeks, a lot of these new coins are now being minted using the BRC-20 standard.
📊 Remember, memecoins are volatile and although it's proving popular, the BRC-20 token standard is still new and experimental, so traders should invest with caution and practise risk management.
