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Gate Learn Must-Read Article ! What you need to know about Ordinals and BRC-20

Gate.io

Kaugnay na uri: Others

2023-05-12 20:49

[//]:content-type-MARKDOWN-DONOT-DELETE Gate Learn , dedicated to providing a teaching platform for knowledge related to cryptocurrency, has launched a new article today : [What You Need to Know About Ordinals and BRC20 ?] Bitcoin ordinals are unique tokens created by assigning ordinal numbers to Bitcoin transactions, allowing for the tracking of transaction order on the blockchain. Ordinal Punks, Ordinal Loops, Taproot Wizards, TimeChain Collectibles, and TwelveFold by Yuga Labs all utilize Bitcoin ordinals to represent unique and collectible digital assets on the Bitcoin blockchain. BRC-20 tokens are a fungible token standard created for the Bitcoin blockchain, allowing users to inscribe JSON on the blockchain using the Ordinals protocol, similar to ERC-20 on Ethereum, but with some differences and limitations. This article aims to provide readers with a comprehensive understanding of the development of Bitcoin NFTs, including the process of generating Bitcoin ordinals and practical NFT projects, as well as exploring potential use cases for Bitcoin ordinals. Additionally, it will introduce the BRC-20, a fungible token standard on the Bitcoin blockchain that allows users to record JSON and create tokens. For more information, visit Gate Learn ? [https://www.gate.io/learn/articles/what-you-need-to-know-about-ordinals-and-brc20/507] ![] ### ** You will Learn** ✅ What are Bitcoin Ordinals? ✅ Relevance of Bitcoin Ordinals ✅ Potential use cases for Bitcoin ordinals ✅ Pros of Bitcoin Ordinals ✅ Cons of Bitcoin Ordinals ✅ NFT Projects: Examples of Bitcoin Ordinals ✅ Debate: are Bitcoin Ordinals considered NFTs? ✅ BRC-20 Tokens Whether you're a beginner or a pro, Gate Learn has the perfect resources to help you level up your knowledge and trading skills. So why wait ? Head to Gate Learn and expand your Web3 horizons with us! Take action ? https://www.gate.io/learn Gateway to Crypto Trade over 1,400 cryptocurrencies safely, quickly and easily on Gate.io [Sign up] to enter the crypto gateway and get 40% commission from [referrals] [Download iOS/Android App] right now. Reach out to us! Twitter: https://twitter.com/gate_io GateVIP Twitter:https://twitter.com/Gateio_Inst Telegram: https://t.me/gate_zh API Telegram: https://t.me/gateioapi Instagram: https://www.instagram.com/gateioglobal Medium: https://gateio.medium.com/ Podcast: https://gateio.buzzsprout.com/?ch=buzzs Gate.io Team May 13th, 2023