What is a brc-20 token?

While BRC-20 tokens function like ordinary crypto tokens, they are powered by an almost different back-end technology and are created in a completely different way. BRC-20 tokens are minted by the Bitcoin community, where each ordinal wallet can freely mint BRC-20 tokens once they are deployed.

Do you need a bitcoin ordinal wallet to mint brc-20 tokens?

A Bitcoin ordinal wallet is required to mint BRC-20 tokens, and there is a limit for each mint. The BRC-20 token standard has seen a rise to prominence with the market capitalization reaching over $600 million and thousands of BRC-20 tokens minted already. Notable BRC-20 tokens include the Ordinal token ( ORDI) and OXBT.

Are Ordi & Piza a brc-20 token?

Do note that the ORDI token with ID #1 is the first BRC-20 token to be minted. And there are a few other interesting names as well, including Piza — which derives its name from the Pizza meme. While there is an ongoing debate encompassing the entire crypto community about the need, relevance, and even the benefits of the BRC-20 tokens.

How fast did UniSat minte brc-20 tokens?

Ordinal wallets such as Unisat were fast to deploy tooling for the BRC-20 standard, and in less than 18 hours, all 21,000,000 ordi tokens were minted, with mints pending for an additional 1,500,000 ordi tokens that exceeded the limit. BRC-20 tokens are an exciting new development in the world of tokens based on the Bitcoin protocol.