In recent days, a token type called BRC-20 (a play on Ethereum’s ERC-20 token standard), which facilitates the issue and transfer of fungible tokens o
In recent days, a token type called BRC-20 (a play on Ethereum’s ERC-20 token standard), which facilitates the issue and transfer of fungible tokens on the Bitcoin blockchain, has accounted for about 6% of all Bitcoin activity since its inception early March, according to pseudonymous analyst and yield farmer Dynamo DeFi. This year has also seen the rise of Ordinals inscriptions, which are similar to NFTs and could be images or text strings inscribed into Bitcoin-based transactions. Both activities require transaction fees.
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