Exploring the Top 5 BRC 20 Tokens on Bitcoin in 2023

submitted 12 months ago by investopediahub to bitcoin

If you're involved in the crypto world, you've likely heard of ERC-20 tokens on Ethereum. They've made transactions and digital assets more accessible. But have you heard of BRC-20? It's a new experimental token standard inspired by ERC-20 tokens that aim to improve the fungible token experience. BRC 20 allows developers to build and transact with tokens seamlessly and efficiently using the Ordinals platform.

What makes BRC 20 different is that it stores tokens on the Bitcoin base chain, making it versatile. Using ordinal inscriptions of JSON data, developers can easily deploy, mint, and transfer BRC-20 tokens with the help of Ordinals and Inscriptions.