[What do you think of BRC20, a new concept of Bitcoin that has skyrocketed a hundred times? Is it worth the big bet? 】 Thread 👇👇👇 1. What is BRC20 2. The main highlights of BRC20 3. The technical core of BRC20 4. Comparison between BRC20 and Ethereum ERC721 5. Current problems of BRC20 6. Some recent key articles and casting methods and video tutorials of BRC20 7. Summary and Investment Recommendations

1. What is BRC? Brc20 is a homogeneous token protocol issued on the original BTC chain against erc20. The first token is ordi, issued by the author @domo. Currently, the hot tokens include pepe, punk, bayc, domo, etc., although all It is a meme token, but all of them have been minted, and OTC trading is very active. The most representative $Ordi…

2. Main narrative highlights of BRC20 The new paradigm mainly brings market heat, but at least it breathes new life into Bitcoin: One, the serial number and inscription brought new life to the development of Bitcoin, instilled a new set of stakeholders with different voices and perspectives, and ultimately injected energy and enthusiasm into the ecosystem, This Ecosystem in Monkey NFT and Perpetual Swap Driven DeFi…

3. The technical core of BRC-20: BRC20 is a protocol based on Ordinals. According to certain rules or sequences, non-homogeneous tokens with the same form of expression are engraved based on the text type. The main core technology is currently in three areas: deploying tokens, minting (minting) tokens and transferring tokens The technical implementation is actually not difficult, and it is not even a new concept, so I won’t go into details here!

4. Comparison between BRC20 and Ethereum's ERC721 As shown in the figure below, unlike ERC721, Ordinals present a direct representation of non-fungible digital assets due to their immutability, lack of programmability, and mandatory on-chain inscription requirements. …

5. Current problems of BRC20: Although BRC20 has certain new ways of playing in terms of Liquidity and value anchoring, it also provides a certain technical foundation for the Bitcoin ecology to benchmark against Ethereum. But BRC is still too early, and the speed of development cannot keep up with the speed of hype. There are not many ecological projects on Ordinals, but there are already more than 5,000 types of tokens based on Ordinals-based BRC-20. This is a typical bubble blowing Meme...

6. Some recent BRC20 focused articles and casting methods and video tutorials: 1. Encryption strategy | How to mint BRC-20 tokens? http:/www.panewslab.com/zh/art... 2. BRC20 Wallet Hands-on Video Tutorial [Baojiao Baohui] twitter.com/punk2898/status/16... 3. Track market cap data website for #BRC20 tokens http:/ordspace.org/brc20 4. The picture below is @0xKillTheWolf…

7. Summary So in general, I personally feel that I have to admit that the narrative of BRC20 is great. If I define it, BRC20 belongs to the cycle of #Web3 lack of narrative, a wave of bubbles driven by Fomo emotions! It is not new to be able to issue coins on Bitcoin. BRC20 has no practical value and has many unresolved problems. If I rely on faith alone, I definitely prefer the simpler and more extreme # BTC…