BRC-20

BRC-20

This term is used for the token standard that has been agreed upon for tokens deployed on the Bitcoin blockchain. Since the Taproot update of Bitcoin, such applications have become possible.

The name is a variation on ERC-20, which sounds logical, but is actually quite strange because ERC stands for Ethereum Request for Proposal and the number 20 simply represents the 20th proposal on the Ethereum forum.

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Cryptopedia: BRC-20