geeknik on Nostr: The application of a token-generation model initially developed for Bitcoin, which ...
The application of a token-generation model initially developed for Bitcoin, which inherently lacks token support, has been extended to additional blockchains that are compatible with tokens. This expansion has resulted in the emergence of BRC-20 tokens, such as the ORDI token, which has achieved a market capitalization of $1 billion. This method, referred to as inscriptions, is gaining traction across a variety of blockchains, igniting discussions about its effects on blockchain data and functionality. Despite some assertions of advantages, including reduced transaction fees and broader participation in token mining, its actual impact is under scrutiny. The trend's growing popularity may be attributed to its novelty and the speculative interest it generates, as some suggest.
https://www.theblock.co/post/266272/brc-20-style-tokens-are-spreading-to-chains-beyond-bitcoin-but-whyPublished at
2023-12-06 17:36:12Event JSON
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"content": "The application of a token-generation model initially developed for Bitcoin, which inherently lacks token support, has been extended to additional blockchains that are compatible with tokens. This expansion has resulted in the emergence of BRC-20 tokens, such as the ORDI token, which has achieved a market capitalization of $1 billion. This method, referred to as inscriptions, is gaining traction across a variety of blockchains, igniting discussions about its effects on blockchain data and functionality. Despite some assertions of advantages, including reduced transaction fees and broader participation in token mining, its actual impact is under scrutiny. The trend's growing popularity may be attributed to its novelty and the speculative interest it generates, as some suggest.\n\nhttps://www.theblock.co/post/266272/brc-20-style-tokens-are-spreading-to-chains-beyond-bitcoin-but-why",
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