What are brc-20 tokens?

BRC-20 tokens are the latest innovation of the Ordinals Protocol and have taken over timelines across Crypto Twitter in recent weeks. BRC-20 is an experimental token standard that has enabled the deployment, minting, and transferring of fungible tokens on the Bitcoin blockchain.

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.

What are ordinal NFTS & brc-20 tokens?

Since then, Bitcoin developers have been exploring use cases of this new ability, giving rise to ordinals NFTs and BRC-20 tokens. Ordinal NFTs are non-fungible and are created by attaching a digital asset file such as images to a satoshi. BRC-20 tokens are fungible and are created in a different way.

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.