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BRC-20

BRC-20 is an experimental token standard on the Bitcoin blockchain that enables the creation of fungible tokens using the Ordinals protocol. Inspired by Ethereum's ERC-20 standard, BRC-20 tokens are inscribed directly onto satoshis as JSON data. The standard gained significant attention in 2023, though it has limitations in functionality compared to smart contract-based token standards and has been criticized for increasing Bitcoin network congestion.

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