BRC-20 WOW

BRC-20 is a token standard on the Bitcoin blockchain, designed primarily for the creation and transfer of fungible tokens. While it draws inspiration from Ethereum's ERC-20 token standard, BRC-20 offers some unique features:
Advantages of BRC-20 tokens include:

1. They benefit from the security and robustness of the Bitcoin blockchain.
2. There is a degree of compatibility with Ethereum's ERC-20 token standard.
3. They are relatively easy to develop and maintain.

However, there are also some disadvantages:

1. BRC-20 tokens do not include smart contract functionalities, limiting their capabilities.
2. High transaction fees might be a concern due to the limited scalability of the Bitcoin blockchain.

BRC-20 tokens are created using the Ordinals protocol on the Bitcoin blockchain. This protocol assigns a unique number to each satoshi, turning them into non-fungible token-like entities. These tokens can represent digital artworks, in-game items, or other unique assets.
BRC-20 is a new and experimental development within the Bitcoin ecosystem. Its development and use are not yet user-friendly, with limited tools and support services available. These tokens exist on the Bitcoin network and are less functional than ERC-20 tokens due to the lack of smart contract interactions.
Currently, the use of BRC-20 tokens is largely limited to the issuance of memecoins and is considered experimental. This implies a potential high risk and susceptibility to becoming incompatible with future updates.
Sources: Coin Mühendisi​​, Kripto101​​, KoinVizyon​​, Bitlo Akademi​​, Kriptokoin​​.