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BRC20 Tokens on Bitcoin: What’s The HYPE About??

September 24, 2024
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Reading Time: 3 mins read
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BRC-20 tokens are a way to create new types of digital assets on the Bitcoin blockchain. They can be used to represent anything from in-game items to fractional ownership of real-world assets.

In this video, let’s discuss the rise of BRC20 tokens, what they are, and how they can be used while exploring their potential risks and challenges in the crypto world.

Related Video 📺
How Are Bitcoin NFTs POSSIBLE? Ordinals Explained 👉 https://youtu.be/VrhfVoUtLYo

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Read 📖
What are BRC-20 Tokens on Bitcoin? 👉 https://www.coingecko.com/learn/brc-20-tokens

Links 🔗
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Timestamps:
00:00 Intro
00:18 The effect of Ordinals
01:06 How do Bitcoin inscriptions work?
02:08 What’s BRC20?
02:59 The rise of BRC20 tokens
03:22 Platforms to get BRC20 tokens
04:27 Utilities of BRC20 tokens
05:24 Upsides and downsides of BRC20 tokens
06:06 Outro

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#brc20 #ordinals #bitcoin #bitcoinnft #cryptotokens #cryptotoken #cryptocurrency #satoshi #satoshi_btcs #pepe #tokenization #peertopeer #defi #defiprojects #cryptocurrency #crypto #blockchain #coingecko

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Tags: bitcoinbitcoin news todaybitcoin ordinalsbrc20brc20 blockchainbrc20 ordinalsbrc20 tokensordinalsordinals bitcoin
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