BRC-20 Tokens Usher in New Era of Innovation on Bitcoin
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Bitcoin Ordinals allow inscription of data onto Bitcoin's smallest unit (Satoshi), enabling creation of BRC-20 tokens with unique identities and values.
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BRC-20 tokens benefit from Bitcoin's security while allowing more advanced functionality like DeFi apps.
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Notable BRC-20 ecosystem projects highlighted include SatoshiVM, Tap Protocol, BeFi Labs, and Multibit.
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BRC-20 token trade volumes have surged 10x since November 2022 to over $500 million, showing strong investor interest.
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The BRC-20 ecosystem marks an evolution for crypto, blending Bitcoin's security with innovation and profit potential.