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Curiosity in “Bitcoin Request for Remark,” or BRC-20, tokens constructed with Ordinals and saved on the Bitcoin base chain has skyrocketed, lifting their market worth by a number of hundred p.c. As of writing, the mixed market cap of greater than 8,800 BRC-20 tokens was $137 million, a staggering 682% rise from $17.5 million seen per week in the past, in accordance with knowledge tracked by Ordspace. A pseudonymous on-chain analyst named Domo created the BRC-20 token commonplace in early March to facilitate the problem and switch of fungible tokens on the Bitcoin blockchain. The experimental invention got here weeks after Ordinals Protocol went stay, permitting customers to inscribe digital artwork references into small transactions on the Bitcoin blockchain.The BRC-20 commonplace appears like the favored ERC-20 commonplace, however the two are completely different, with the previous missing the flexibility to work together with sensible contracts.
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