{"id":172,"date":"2023-06-14T20:33:28","date_gmt":"2023-06-14T17:33:28","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=172"},"modified":"2023-07-10T21:59:08","modified_gmt":"2023-07-10T21:59:08","slug":"what-are-brc-20-tokens","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/what-are-brc-20-tokens\/","title":{"rendered":"What are BRC-20 Tokens?"},"content":{"rendered":"\r\n\r\n\r\n<p><strong>Brc-20 tokens<\/strong> represent a set of unique &#8220;meme&#8221; tokens that are created using the <strong>Ordinals<\/strong> and <strong>Inscriptions<\/strong> protocols and are recorded within the <strong>blockchain<\/strong> system of Bitcoin.<\/p>\r\n\r\n\r\n\r\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/what-are-brc-20-tokens\/#What_Are_BRC-20_and_Ordinals\" title=\"What Are BRC-20 and Ordinals?\">What Are BRC-20 and Ordinals?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/what-are-brc-20-tokens\/#The_Most_Valuable_BRC_Token\" title=\"The Most Valuable BRC Token\">The Most Valuable BRC Token<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/what-are-brc-20-tokens\/#What_are_BRC-20_Tokens\" title=\"What are BRC-20 Tokens?\">What are BRC-20 Tokens?<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_Are_BRC-20_and_Ordinals\"><\/span>What Are BRC-20 and Ordinals?<span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n\r\n\r\n\r\n<p><strong>Ordinals protocol<\/strong> has been utilized for publishing and transferring ownership of digital assets, such as images, videos, and audio files, each possessing distinct and verifiable characteristics that are not interchangeable on a one-to-one basis. These tokens employ the <strong>Ordinals Protocol<\/strong> to store data on the Bitcoin Network. This protocol enables users to create <strong>digital assets<\/strong> in various formats, including text, images, audio, or video. Once the asset is inscribed, it can be traded or exchanged similarly to any other token within the peer-to-peer Bitcoin network.<\/p>\r\n\r\n\r\n\r\n<blockquote>\r\n<p><strong>You might also like: <a class=\"row-title\" href=\"https:\/\/coinengineer.net\/blog\/wp-admin\/post.php?post=260&amp;action=edit\" aria-label=\"\u201cWhat Is Uniswap?\u201d (Edit)\">What Is Uniswap?<\/a><\/strong><\/p>\r\n<\/blockquote>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_Most_Valuable_BRC_Token\"><\/span>The Most Valuable BRC Token<span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n\r\n\r\n\r\n<p>The first token contract made had the name <strong>Ordi<\/strong> token, a 1,000 token minting cap, and a 21,000,000 token supply overall. The most valuable Brc-20 token in terms of market value is <strong>Ordi<\/strong>, which is the first token to be recorded on the Bitcoin blockchain. <strong>Ordi<\/strong> has 21 million issuances and is currently trading at about $7.03 per token. RelayX moved quickly by tokenizing an extra 100,000 ORDI on the BSV platform after quickly seeing the specialness and potential of this circumstance. This made it possible for users to acquire and sell derivatives of this token on a decentralized exchange without paying exorbitant fees.<\/p>\r\n\r\n\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_BRC-20_Tokens\"><\/span>What are BRC-20 Tokens?<span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n\r\n\r\n\r\n<p>&nbsp;<\/p>\r\n\r\n\r\n\r\n<figure class=\"wp-block-image size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-219\" src=\"http:\/\/coinengineer.net\/wp-content\/uploads\/2023\/06\/brc20-2-1024x721.png\" alt=\"\" width=\"847\" height=\"596\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/06\/brc20-2-1024x721.png 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/06\/brc20-2-300x211.png 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/06\/brc20-2-768x541.png 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/06\/brc20-2.png 1206w\" sizes=\"auto, (max-width: 847px) 100vw, 847px\" \/><\/figure>\r\n\r\n\r\n\r\n<p>&nbsp;<\/p>\r\n\r\n\r\n\r\n<p><em>You can present own thoughts as comment about the topic. Moreover, you can follow us on\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram<\/strong>\u00a0and\u00a0<\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>\u00a0channels for the kind of the news.<\/em><\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>Brc-20 tokens represent a set of unique &#8220;meme&#8221; tokens that are created using the Ordinals and Inscriptions protocols and are recorded within the blockchain system of Bitcoin. What Are BRC-20 and Ordinals? Ordinals protocol has been utilized for publishing and transferring ownership of digital assets, such as images, videos, and audio files, each possessing distinct<\/p>\n","protected":false},"author":1,"featured_media":220,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,448],"tags":[50,48,52,51,54,49,53],"class_list":["post-172","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-guides","category-crypto-tutorial","tag-brc-tokens","tag-brc-20","tag-ordi","tag-ordinals","tag-piza","tag-what-is-brc-20","tag-wojak"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What are BRC-20 Tokens? - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Brc-20 tokens represent a set that are created using the Ordinals and Inscriptions protocols and are recorded within the Bitcoin.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/what-are-brc-20-tokens\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What are BRC-20 Tokens? 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