Since the birth of Bitcoin in 2009, it has changed our understanding of digital currency and led the concept of decentralized digital currency. Subsequently, Ethereum innovated on the basis of Bitcoin and created a new platform that successfullyBlockchainDecentralized applications andintelligentcontractThis breakthrough innovation of Ethereum made ERC-20 Tokenwas introduced, which made EthereumBlockchainIn addition to supporting ETH, it can also carry thousands of othercryptocurrency.

In 2023, Bitcoin launched the Ordinals protocol, which makes it possible toBlockchain上为每一聪附加额外数据成为可能。这标志着比特币在创新和多样化的生态系统方面取得重大飞跃，为比特币区块链引入了同质化和非同质化代币。

What are BRC-20 tokens?

BRC-20Created in March 2023, the token standard uses the Ordinal protocol to "stamp" tokens on the Bitcoin blockchain and allow everyone to mint and transfer them. This novel approach has injected new life into the long-dormant Bitcoin blockchain. The popularity of BRC-20 tokens has quickly increased, driving a significant increase in transaction volume and fees on the Bitcoin blockchain. In just one month after its release, tokens such as Ordinals (ORDI), Pepe (PEPE) and MEME (MEME) have begun to emerge.

Bitget has a forward-looking vision and is rapidly developing the BRC20 ecosystem

Facing the emerging gameplay of Bitcoin ecology,BitgetIt is one of the earliest CEX platforms to test the waters in this field. Perhaps it is the support for the Bitcoin ecosystem, or perhaps it is the high sensitivity to market hot spots. As early as April this year, Bitget began to lay out the BRC-20 track and successively launched a number of early popular BRC20 ecological projects, such as PEPE, ORDI, BIP1, etc.

Since November, as the crypto market has recovered, the Bitcoin ecosystem hasXiaobai NavigationTokens began to strengthen collectively. Taking BRC20 tokens as an example, the average increase in November exceeded 300%. Among them, RATS, PEPE and ORDI, which performed the best, rose by 774%, 486% and 447% respectively throughout November. Bitget, which launched multiple BRC-20 tokens in April, also helped its users to firmly step into this wave of opportunities.

The future of BRC-20 tokens

Currently, BRC-20 tokens have some key limitations, such as incompatibility with EVM (EthereumVirtual Machine), its development is limited, or it is difficult to rise as quickly as the Ethereum ecological token. But it is worth noting that BRC-20 tokens and Bitcoin ecology are still constantly improving and developing. I believe that with the further improvement of infrastructure, its development potential is huge.

In general, although the future of BRC-20 tokens is full of uncertainty,cryptocurrencyThe impact of this field cannot be ignored. When considering entering this field, investors should fully understand and evaluate its potential risks and benefits to ensure that they make wise investment decisions.

The article comes from the Internet:BRC-20 continues to be a hot topic. How does Bitget quickly layout the rotation sector?

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