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

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

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