Home / Glossary / Brc-20

Brc-20

BRC-20 is an experimental token standard that allows the creation of fungible tokens on the Bitcoin network using the Ordinals protocol. The idea behind BRC-20 is to create a token that is interchangeable with other tokens on the network, and that can be used to purchase goods and services. The Ordinals protocol is a way of creating a decentralized exchange, where users can trade tokens without the need for a central authority. The BRC-20 standard is still in its early stages, and is not yet widely used. However, it has the potential to become a major player in the world of cryptocurrency.



26 Dec 2023

Share this glosssary
bannar