{"id":21822,"date":"2025-02-12T13:58:02","date_gmt":"2025-02-12T13:58:02","guid":{"rendered":"https:\/\/metaverseplanet.net\/blog\/?p=21822"},"modified":"2025-12-29T08:41:32","modified_gmt":"2025-12-29T08:41:32","slug":"what-does-brc-20-do","status":"publish","type":"post","link":"https:\/\/metaverseplanet.net\/blog\/what-does-brc-20-do\/","title":{"rendered":"How Did BRC-20 Come About? What Does BRC-20 Do?"},"content":{"rendered":"\n

A new token has joined the list of token standards in the cryptocurrency<\/strong> world: BRC-20<\/strong>. Inspired by the ERC-20<\/strong> token standard of the Ethereum (ETH)<\/strong> blockchain, BRC-20<\/strong> offers a wide range of functions. Thanks to the Ordinals protocol<\/strong>, BRC-20<\/strong> makes it possible to mint tokens on the Bitcoin (BTC)<\/a><\/em><\/strong> blockchain.<\/p>\n\n\n\n

In this article, we will take a closer look at what the BRC-20<\/strong> standard does and discuss its origins.<\/p>\n\n\n\n

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What is BRC-20<\/strong>?<\/h2>\n\n\n\n
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BRC-20<\/strong> is a token standard based on the Ordinals protocol<\/strong> that enables the creation of NFTs<\/strong> on the Bitcoin<\/strong> network. Although it is inspired by the ERC-20<\/strong> standard, BRC-20<\/strong> does not use smart contracts<\/strong> like ERC-20<\/strong> or other Ethereum<\/strong> standards. Instead, BRC-20<\/strong> allows users to store a script on the Bitcoin blockchain<\/strong> and bind tokens to individual satoshis<\/strong>.<\/p>\n\n\n\n

Each satoshi<\/strong> is then assigned a unique number, turning them into non-fungible tokens similar to NFTs<\/strong>. These uniquely numbered satoshis are referred to as ordinals<\/strong>. In the BRC-20<\/strong> system, ordinals<\/strong> replace the smart contracts<\/strong> found in ERC-20<\/strong> and its derivatives.<\/p>\n\n\n\n

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What Does BRC-20<\/strong> Do?<\/h2>\n\n\n\n

So, what exactly does BRC-20<\/strong> do, and why is it important? The answer lies in the inherent security of the Bitcoin blockchain<\/strong>. Many blockchain experts agree that Bitcoin<\/strong> is the most secure network, and its track record speaks for itself\u2014Bitcoin<\/strong> has never been hacked.<\/p>\n\n\n\n

With its unique structure, BRC-20<\/strong> paves the way for developers to create fungible tokens<\/strong> on the Bitcoin blockchain<\/strong>. Already, many BRC-20<\/strong> tokens have been created, with a significant number of them being meme tokens.<\/p>\n\n\n\n

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How is BRC-20<\/strong> Different from ERC-20<\/strong>?<\/h2>\n\n\n\n
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The main difference between BRC-20<\/strong> and ERC-20<\/strong> is that, unlike ERC-20<\/strong>, the BRC-20<\/strong> standard does not rely on smart contract<\/strong> technology. Instead, it operates based on the Bitcoin Ordinals protocol<\/strong>, which makes it less complex but also more limited compared to standards that utilize smart contracts<\/strong>.<\/p>\n\n\n\n

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How Did BRC-20<\/strong> Come About?<\/h2>\n\n\n\n

The BRC-20<\/strong> token standard was created and published on March 8, 2023, by a programmer using the pseudonym Domo<\/strong>. Initially, it was conceived as an experiment to enable the issuance of fungible tokens<\/strong> on Bitcoin<\/strong>.<\/p>\n\n\n\n

The first BRC-20<\/strong> token was Ordinals (ORDI)<\/strong>, which, like BTC<\/strong>, has a maximum supply of 21 million. The ORDI<\/strong> token quickly gained popularity, achieving a market cap of over $180 million at the time of writing.<\/p>\n\n\n\n

Domo<\/strong>, the creator of BRC-20<\/strong>, remains active on Twitter under the handle @domodata<\/a>. As both a blockchain analyst<\/strong> and a key figure in the Bitcoin<\/strong> and BRC-20<\/strong> community, Domo<\/strong> continues to engage with enthusiasts and developers alike.<\/p>\n\n\n\n

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By leveraging the robust security of the Bitcoin blockchain<\/strong> and the innovative Ordinals protocol<\/strong>, BRC-20<\/strong> has opened new avenues for creating and trading fungible tokens<\/strong>. Whether you are a developer or an enthusiast in the cryptocurrency<\/strong> space, understanding BRC-20<\/strong> is essential as it continues to shape the future of digital tokens.<\/p>\n","protected":false},"excerpt":{"rendered":"

A new token has joined the list of token standards in the cryptocurrency world: BRC-20. Inspired by the ERC-20 token standard of the Ethereum (ETH) blockchain, BRC-20 offers a wide range of functions. Thanks to the Ordinals protocol, BRC-20 makes it possible to mint tokens on the Bitcoin (BTC) blockchain. In this article, we will …<\/p>\n","protected":false},"author":1,"featured_media":15233,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAown96uCw:productID":"","footnotes":""},"categories":[309],"tags":[70,308],"class_list":["post-21822","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-web3new","tag-bitcoin-news-and-content","tag-blockchain"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/posts\/21822","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/comments?post=21822"}],"version-history":[{"count":0,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/posts\/21822\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/media\/15233"}],"wp:attachment":[{"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/media?parent=21822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/categories?post=21822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/tags?post=21822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}