✅Innovations around cryptocurrencies seem to be entering the market, with the latest being BRC-20 tokens. From what it’s understood, #BRC-20 is based on Bitcoin blockchain and has been inspired from Ethereum’s ERC-20 standard. BRC-20 enables investors to ensure trading of fungible assets using the protocol.
According to Bitcoinist, a Bitcoin news portal, on May 7, 2023, BRC-20 transactions’ volume reached a 65% high. Experts reportedly believe that this development signifies the protocol’s increasing adoption. “I believe BRC-20 tokens are a type of fungible token standard for Bitcoin created by using the Ordinals protocol. This protocol allows users to trade fungible assets through inscriptions of JSON data, Rajagopal Menon, vice-president, WazirX, a cryptocurrency exchange, told FE Blockchain.
