Note: This article is from @Crypto_QianXun Twitter, and MarsBit organizes it as follows:
The Fomo sentiment of Brc20 in the past two days is far beyond the imagination of ordinary people. The new trend of speculation in the currency circle has returned to the track of BTC , and there may be infinite possibilities in the future!
Today it is analyzed from four aspects:
- What is Brc20
- What $ordi is worth watching
- Common Analysis Tools
- outlook
1 What is Brc20
BRC-20 is an experimental token standard that uses Ordinal JSON data to mint and transfer tokens
The first BRC-20 token contract is the "ordi" token, which can only be minted up to 1,000 at a time, with a total of 21 million
The first token contract is "ordi" tokens, which can only be minted up to 1,000 at a time, with a total of 21 million tokens. The tokens currently have no real value and need more testing and verification
Tokens currently have no real value, and minting BRC-20 tokens requires selecting a reliable minting service, using the transfer function correctly, and ensuring sufficient token balances before minting
Because tokens cannot be changed or withdrawn once they are sent to the address
2 Why you should care
Ordinals Protocol creates native on-chain token ORDI
Become the first meme token on the BTC chain, unique hype, no ERC20 tokens comparable
Its fair issuance method avoids the mouse warehouse problem, and is more fair than ERC20. ORDI does not require VC intervention, and there is no so-called project party, which can be harvested in reverse
The inscription issuance method includes tokens in the inscription, giving it value
Its development potential is supported by BTC , and the value can be improved by improving the shortcomings in the future
3 common analysis tools
4 Outlook
In fact, ordi also has many shortcomings, such as the way of issuance, the way of existence, the way of transfer, etc., but these shortcomings have also become advantages under the blessing of BTC
Once ordi improves these shortcomings in the future, the future development will be immeasurable
