Bitcoin Meets Meme: New Tokens Find Home on BTC Network
• Bitcoin is finding new support thanks to the introduction of BRC-20 protocol, which enables the establishment of new tokens like meme currencies on its blockchain.
• Developers are flocking to bitcoin thanks to this new BRC-20 and it looks like the world’s oldest digital currency is paving the way for a whole new line of assets.
• Non-fungible tokens (NFTs) called Ordinals were unveiled on BTC blockchain and meme coins are also being established on it, such as $pepe, which is based on the “Pepe the Frog” meme.
Bitcoin Gaining Popularity Thanks To BRC-20 Protocol
The Bitcoin blockchain is gaining popularity thanks to the introduction of BRC-20 protocol, which enables the establishment of new tokens like meme currencies on its blockchain. This has attracted developers who have been increasingly flocking to bitcoin due to this new protocol, making it possible for a whole new line of assets to be created and established on its network.
Non-Fungible Tokens (NFTs) On The Bitcoin Blockchain
Non-fungible tokens (NFTs) called Ordinals were recently unveiled on BTC blockchain and a variety of meme coins have also been established since then – one example being $pepe, which is based on the “Pepe the Frog” meme that has become increasingly popular lately.
$PEPE Token Gaining Popularity
$pepe has seen its market cap increase significantly over a short period and it seems that these types of assets are what people keep flocking to when it comes to establishing them onto Bitcoin’s blockchain network. Despite this, some listing exchanges and platforms such as Gemini exchange in New York have expressed concerns over these types of tokens due to their lack of regulation or oversight.
Stacks Foundation Commenting On BRC-20
It seems that with increasing developer attention towards Bitcoin’s blockchain thanks to BRC-20 protocol, there’s potential for a variety of different tokenized assets such as Meme Coins or NFTs being established onto its network in order to take advantage of its low fees and higher speeds compared with other networks such as Ethereum.