BRC on the ERC BRC20
1. Summary
- Price
-
$0.000580600000 0.0%
- Market Cap
- $11,583.00 (#10732)
- Supply
- 19.95M / 19.95M
- Tags
- Ethereum Ecosystem
- Description
-
BRC on the ERC
BRC on the ERC
BRC on the ERC provides users with the benefits of the BRC20 token standard without the drawbacks of the slow and expensive BTC network. The BRC20 token standard, launched by anonymous developer Domo on March 09, 2023, enables the creation of fungible tokens natively on the Bitcoin blockchain using ordinal inscriptions.
How BRC-20 Works
BRC-20 tokens are fungible and created using ordinal inscriptions on the Bitcoin blockchain. Instead of utilizing smart contracts like EVM blockchains, BRC-20 tokens embed JSON data into ordinal inscriptions to deploy, mint, and transfer tokens. This is achieved by storing a script file on Bitcoin, associating tokens with specific satoshis.
Key Features and Impacts
- Ordinal Inscriptions: BRC-20 uses ordinal inscriptions to store data directly on the blockchain, unlike traditional NFTs that point to external sources.
- Transaction Fees: Due to the larger data sizes required for ordinal inscriptions, BRC-20 tokens require more space on the blockchain, leading to increased transaction fees for these tokens.
- Market: Despite being an experimental token standard, BRC-20 has seen considerable growth, with multiple tokens and financial products being developed using this standard.
- DeFi Integration: BRC-20 tokens are being integrated into DeFi protocols and infrastructure providers such as wallet services and marketplaces.
- Open-Source Development: The open-source nature of BRC-20 has enabled collaborative development and potential advancements in the underlying technology.
- Token Characteristics: BRC-20 tokens are semi-fungible, each being unique due to different attributes.
- tree Bitcoin’s Capabilities: BRC-20 tokens can expand Bitcoin’s functionality into areas like DeFi protocols and blockchain applications.
| Price | |
| 52W High price | $0.02 |
| 52W High date | 11th Mar 2024 (1 year ago) |
| All Time High (ATH) Date | 24th Dec 2023 (1 year ago) |
| ATH Price | $0.14 |
| % From ATH | -99.59% |
| All Time Low (ATL) Date | 10th Feb 2025 (3 months ago) |
| ATL Price | $0.000578200000 |
| % From ATL | 0.42% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $37,689.00 |
| Total Supply | 19.95M |
| Max Supply | 21.00M |
| Circulating Supply | 19.95M |
BRC20
How does BRC on the ERC's (BRC20) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
-81.1%
BRC20
-33.7%
Similar Market Cap
60 Day Return
-87.1%
BRC20
-25.7%
Similar Market Cap
1 Year Return
-96.7%
BRC20
-19.3%
Similar Market Cap
No GitHub repos found. Either the project is not open source or we don't have data yet.
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Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | |
|---|---|
| Active Reddit Users (past 24h) | |
| Discord users | |
| Active Discord Users | |
| Telegram Users | 739 |
| Twitter followers | 113 |
No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://brc20bot.com/ |
|---|---|
| Explorer | https://etherscan.io/token/0x1e87d63d11d1c16052bbc... |
| @BRConERC |
What is the correct contract address for BRC on the ERC?
| Ethereum | 0x1e87d63d11d1c16052bbca06d43ba4ceb4ee686c |
|---|
Has BRC on the ERC been audited for security?
No security audits found for this project.
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