If you are a Bitcoin maximalist the chance is that you are pissed off.
Why? All these infidels are polluting the king Bitcoin with stupid images and wasting block space.
Unfortunately, you can’t really stop people from doing so, as NFTs and DeFi on Bitcoin are a pretty huge deal.
Will it last? We don’t know.
Is Bitcoin the best place to do so? Probably not!
This article provides an overview of the BRC-20 standards, the rise of Ordinals, and tools such as UniSat that you can use to trade and inscribe them.
WTF IS THE BRC-20 STANDARD?
It is “an experimental fungible token created using Ordinals and Inscriptions and saved on the Bitcoin base chain. It utilizes Ordinal inscriptions of JSON data to deploy token contracts, mint tokens, and transfer tokens”.
The BRC-20 standard was created by @domodata on March 8th, 2023.
It’s not like the ERC-20 standard, which can create smart contract managing tokens and so on, but is a simple way to store a script in Bitcoin, and attribute non-fungible tokens to satoshis.
