What's Driving the Rise of BRC-20 NFTs?
voiceofcrypto

What's Driving the Rise of BRC-20 NFTs?

Adekunle Joshua

NFTs represent unique digital assets such as art, collectibles, and music

These days, they are the hottest trend in crypto, raking in millions and sparking excitement among crypto enthusiasts

BRC-20 is an experimental token standard that allows for the minting and transferring of fungible tokens via the Ordinals protocol on the Bitcoin blockchain

Bitcoin enthusiasts seem more optimistic about BRC-20 NFTs

BRC-20 hosts features like optional royalties, stake-weighted transaction processing, and fee-based execution priority

In addition, scalability and performance are also key factors in boosting its hype

BRC-20 NFTs address Ethereum's issues of high gas fees and slow transaction speed by using the proof-of-history mechanism, achieving high throughput without compromising security.