BRC-20 tokens are a way to create new types of digital assets on the Bitcoin blockchain. They can be used to represent anything from in-game items to fractional ownership of real-world assets.
In this video, let’s discuss the rise of BRC20 tokens, what they are, and how they can be used while exploring their potential risks and challenges in the crypto world.
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What are BRC-20 Tokens on Bitcoin?
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Timestamps:
00:00 Intro
00:18 The effect of Ordinals
01:06 How do Bitcoin inscriptions work?
02:08 What’s BRC20?
02:59 The rise of BRC20 tokens
03:22 Platforms to get BRC20 tokens
04:27 Utilities of BRC20 tokens
05:24 Upsides and downsides of BRC20 tokens
06:06 Outro
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