What is BRC 20 token and how does it relate to the world of cryptocurrencies?

1 answers

• Dec 25, 2021 · 3 years ago
  BRC 20 token is a term specifically used in the Binance Smart Chain ecosystem. It refers to tokens that are compliant with the Binance Smart Chain's token standard, similar to how ERC-20 tokens are compliant with the Ethereum blockchain's token standard. BRC 20 tokens can be used for various purposes, such as representing ownership of assets, participating in decentralized applications, or even as a form of governance within a specific project. The Binance Smart Chain has gained significant traction in the world of cryptocurrencies, and BRC 20 tokens play a crucial role in its ecosystem.
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