What is BRC-20 and the Hype Around it?

[Goldynn89]

As usual, a narrative seems to be randomly chosen in crypto sphere and coins that follow it pump wildly. This is the case with BRC-20 which stands for Bitcoin Request for Comment.

According to the Binance website, "BRC-20 is an experimental token standard that enables the minting and transferring of fungible tokens via the Ordinals protocol on the Bitcoin blockchain."

What do you understand by this new narrative in cryptocurrency?

 

[monster_masterpiece]

I think the transactions will not be far from the Ethereum v 2 gas fee because there is an optimist network where the fees for Ethereum transactions are neglectable or far from the BSC Network where fees for little money are high.

 

[Suba]

BRC-20 is a token standard that operates on BSC, although it does not implement smart contracts like the Ethereum blockchain but applies ordinal inscription so that it allows developers to embed or store files in satoshi. The negative impact of BRC-20 can slow down Bitcoin transactions.

 

[monster_masterpiece]

BRC-20 is a token standard that operates on BSC, although it does not implement smart contracts like the Ethereum blockchain but applies ordinal inscription so that it allows developers to embed or store files in satoshi. The negative impact of BRC-20 can slow down Bitcoin transactions.

Could you give me an idea of the fee for transactions in this network?

 

[Suba]

Could you give me an idea of the fee for transactions in this network?

The large number of users who mint BRC-20 often disrupt the Bitcoin blockchain, resulting in fees increasing, in general the BRC-20 fee is 0.4%. Will you use BRC-20 which is similar to a non fungible token?

 

[monster_masterpiece]

The large number of users who mint BRC-20 often disrupt the Bitcoin blockchain, resulting in fees increasing, in general, the BRC-20 fee is 0.4%. Will you use BRC-20 which is similar to a nonfungible token?

Shortly I need to be a little documented before starting to use as a blank user in BRC 20 transaction. By doing a little research and viewing some earning sites that pay or accept in that currency.