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Token Minting
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BRC-20 Token Minting Guide: How to Obtain Fungible Tokens on the Bitcoin
The BRC-20 token is an experimental fungible token standard based on the Ordinals protocol (Bitcoin), launched in March 2023. Unlike ERC-20 tokens, which rely on smart contracts, it enables the deployment, minting, and transfer of tokens by inscribing JSON data onto the smallest unit of satoshis on Bitcoin.This article will provide a detailed explanation of the principles behind BRC-20 token minting, the necessary preparations, and the specific step-by-step process using the UniSat wallet as an example, while also exploring the current state of development and potential risks. Understanding this emerging token standard is crucial for users who wish to participate in new applications within the Bitcoin ecosystem.
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BRC-20 Token Minting Guide: How to Obtain Fungible Tokens on the Bitcoin
The BRC-20 token is an experimental fungible token standard based on the Ordinals protocol (Bitcoin), launched in March 2023. Unlike ERC-20 tokens, which rely on smart contracts, it enables the deployment, minting, and transfer of tokens by inscribing JSON data onto the smallest unit of satoshis on Bitcoin.This article will provide a detailed explanation of the principles behind BRC-20 token minting, the necessary preparations, and the specific step-by-step process using the UniSat wallet as an example, while also exploring the current state of development and potential risks. Understanding this emerging token standard is crucial for users who wish to participate in new applications within the Bitcoin ecosystem.
Token Minting
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