BRC-20 is an experimental token standard based on the Bitcoin network, which allows users to deploy and manage token contracts on the Bitcoin network to realize the minting and transfer of tokens. It relies on the Ordinals protocol to give unique numbers and notes to the smallest unit of Bitcoin, making it NFT-like. The inscription generated by the Ordinals protocol stores token contract information, such as name, symbol, total amount, and decimal places, etc., realizing the deployment and management of token contracts. BRC-20 realizes the minting and transfer of tokens by adding text information in the Bitcoin transfer information record column.
BRC-20, as a new type of token standard with potential and interest, is constructed by serial numbers and inscriptions and stored on the Bitcoin base chain. The reason why BRC-20 is sought after by users is mainly because its token issuance method is fair and just, all minting users are treated equally, and the project party cannot reserve or issue additional tokens. Even the issuer, who wants to obtain BRC-20 tokens, needs to participate in casting like ordinary users, which truly achieves equal participation in the ecology. At the same time, the total market capitalization of BRC-20 tokens has risen rapidly in a short period of time, and many BRC-20 tokens have experienced similar parabolic growth.
Although BRC-20 itself has some limitations, such as the inability to interact with smart contracts, the inability to assign decimal points, the inability to perform operations such as Burn and Lock, and the lack of functions such as approval or authorization, these limitations also become part of the BRC-20 to some extent. Advantage of 20 tokens. Due to the inability to interact with smart contracts, the issuance of BRC-20 tokens will not have reservations from project parties or venture capital institutions, and truly realizes the equal participation of everyone in the ecology. In addition, the core sats of BRC-20 tokens are regarded as the smallest unit of BTC, so they have natural value, which can ensure that BRC-20 tokens will not have the risk of zeroing like ERC-20 tokens and their side chain tokens. Today, the rise of the Ordinals protocol has brought new growth momentum to the BTC ecosystem.
Trust Finance is the first revenue aggregator protocol based on BRC-20. In this article, we will introduce Trust Finance as a decentralized system, how to create a safe and automated way to create higher returns, and provide users with a safe, flexible, efficient, and frictionless user experience.
