What is the BRC 20 standard in the Bitcoin network?
The BRC-20 "Bitcoin Solicitation for Input" standard was developed by an expert under the pseudonym Domo in March of this year.
The motivation behind the new standard is to work with the issuance and move of tradable tokens in the Bitcoin organization.
In any case, the pioneer was the Ordinals convention, which provided the world the capacity to coin NFTs on Bitcoin in late 2022.
It is vital to comprehend that the BRC-20 standard misses the mark on capacity to communicate with savvy contracts, in contrast to ERC-20 on Ether.
The heads of the BRC-20 standard were the memecoins PEPE and Image, as well as the new ORDI coin (from Ordinals)
The memecoin free for all prompted an over-burden of the Bitcoin organization.
