Glossary - ChicksX

BRC-20 Tokens are fungible tokens on the Bitcoin blockchain, similar to Ethereum's ERC-20, enabling tokenized assets and smart contracts.

BRC-20 Tokens are a standard for creating fungible tokens on the Bitcoin blockchain. They are similar to Ethereum's ERC-20 tokens but specifically designed for Bitcoin's architecture. Introduced to expand Bitcoin's utility beyond mere value transfer, BRC-20 Tokens enable tokenized assets, smart contracts, and decentralized applications on the Bitcoin network. Unlike Ethereum, Bitcoin's scripting language is limited, so BRC-20 Tokens rely on additional layers or protocols to facilitate functionalities. These tokens enhance Bitcoin's ecosystem by allowing developers and users to create and interact with tokenized assets, broadening Bitcoin's scope beyond a simple cryptocurrency.