Demystify BRC 20 Token - Here’s How Our Development Works
Created by an anonymous developer, this on-chain token involves an ordinal protocol that works by inscribing data into every Satoshi (Sat), which is Bitcoin’s smallest denomination, i.e., the smallest fraction of 1 BTC. This Bitcoin-based BRC 20 token standard can be traded only using a Bitcoin wallet. Our BRC 20 token development company makes use of the proof of work (PoW) consensus mechanism and JSON data programming, easing the storage of endless data onto the blockchain directly.
Bitcoin’s ordinal protocol is rather a new concept that allows the user to have unique data added every time there is a transaction in the blockchain. With these transactions made, the BRC 20 tokens are deployed. To be exact, each satoshi is given a sequential number based on the order of these tokens’ mining. To this number, using the ordinal theory, we inscribe the data upon a transaction, which can be a picture, a text, or even a video.