NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Celsius Founder Alex Mashinsky Receives 12-Year Prison Sentence
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Celsius Founder Alex Mashinsky Receives 12-Year Prison Sentence

BRC-20 Token Standard A Hotspot For New Memecoins As PEPE Soars

Mudiaga Iritare
Mudiaga Iritare
2 years ago
3 mins read
BRC-20

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The memecoin ecosystem has once again brought magic to crypto investors as PEPE the frog records massive gains and unbelievable numbers. The now popular PEPE meme token based on Ethereum was originally inspired by the Bitcoin BRC-20 PEPE which launched earlier in March, 2023.

PEPE’s exponential price growth in its barely first month recorded close to 38,900% ROI for early investors. This has led to crypto enthusiasts and developers to explore the original BRC-20 token standard version with which the first PEPE was created on.

The BRC-20 is a new and unique token standard that has recently gained massive popularity and exposure due to the successes of the Ethereum based PEPE.

Related Reading

Pepe Shakes Off CZ’s Controversial Views On Meme Coins, Shoots Up 709%

2 years ago

A Dive Into The BRC-20 Token Standard

The BRC-20 token standard is an experimental mechanism to launch a token based on the Bitcoin blockchain network. This new token standard was created by a pseudonymous on-chain analyst called Domo.

Domo created the BRC-20 token standard in March 2023 to facilitate transfers of fungible tokens across the Bitcoin network.

This new experimental standard would also enable developers and programmers to create and send fungible tokens, including memecoins, via the Bitcoin ordinals protocol.

While several token standards are present in the blockchain industry, the BRC-20 was modeled after the popular Ethereum ERC-20 standard, although there are some fundamental differences.

The ERC-20 standard which requires using smart contracts to launch a token is quite different from the BRC-20. The latter simply requires a Bitcoin wallet to mint and create tokens without using smart contracts.

Related Reading

SUI

SUI Gets A Bear Introduction On Day 2, Will Sell Pressure Continue?

2 years ago

PEPE Sets A Precedence For Newer Memecoins

Recently, there has been a frenzy of newer memecoins launching into the crypto market using the BRC-20 token standard due to its popularity. According to data reports from Coinmarketcap, 8,500 tokens, including memecoins, have been minted and launched using this standard.

This has resulted in a massive surge in the BRC-20 token market capitalization and transaction volume which were reported to outperform Bitcoin by over 50% between April 29 and May 2, 2023.

We can see that in the last 10 days number of BRC20 tx has largely surpassed that of ordinals. They might even soon overload the bitcoin network and cause issues. pic.twitter.com/FSGzkfeTJT

— Crypto Koryo (@CryptoKoryo) May 2, 2023

The increasing transaction volumes and market capitalization of BRC-20, have drawn the interests of many investors who explore a variety of tokens created using this new token standard.

However, it is important to note that the BRC-20 standard is still in its experimental phase, and as such, caution should be exerted when exploring tokens based on it.

BRC-20

Bitcoin hovers near support at $29,200 on the daily chart timeframe | Source: BTCUSD on TradinView.com
Featured Image from Istock, chart from TradingView.com
Tweet123Share196ShareSend
Mudiaga Iritare
Mudiaga Iritare

Mudiaga Iritare

Mudiaga is a news writer and crypto analyst at NewsBTC bringing forward factual/engaging news and happenings around the world of blockchain and cryptocurrencies.

Read more

Mudiaga holds a bachelor degree in Environmental Sciences and has been involved in a number of environmental protection quests. He is passionate about writing and has produced hundreds of articles as a freelancer for blockchain/crypto projects prior to joining NewsBTC as a news writer.

Mudiaga loves and plays decent chess at leisure and sees himself beating grandmasters when an opportunity presents. His other interests include technical and fundamental analysis study, football and swimming.

You can find Mudiaga on Twitter with the username @Mudy6x

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin Price Could Be Preparing For Fresh Wave Of Volatility — Here’s Why

The Bitcoin price action over the weekend has been quite sluggish, reflecting the indecision and fatigue seemingly hovering over the...

Opeyemi Sule 1 hour ago
Ethereum price

Ethereum Price Struggles To Hold Above $2,500 — Watch Out For This Support Level

The Ethereum price performance in the month of May has been nothing short of outstanding, surging by more than 35%...

Opeyemi Sule 4 hours ago
Cardano Whale Activity Spikes – 80 Million ADA Added In 48 Hours

Cardano Whale Activity Spikes – 80 Million ADA Added In 48 Hours

Cardano (ADA) is entering a decisive moment as bulls fight to hold the $0.74 support zone and build momentum for...

Sebastian Villafuerte 6 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Best Altcoins to Buy Now as Contracting Supply Set to Push Bitcoin past $200K by the End of 2025

Best Altcoins to Buy Now as Contracting Supply Set to Push Bitcoin past $200K by the End of 2025

NewsBTC 17 minutes ago
新しい仮想通貨に熱視線:ビットコイン連動のエアドロップで需要急増中?

新しい仮想通貨に熱視線:ビットコイン連動のエアドロップで需要急増中?

Yohei Hanazato 18 minutes ago
アルトコインで見る2025年のセキュリティ強化:コインベースやバイナンスの教訓とは

アルトコインで見る2025年のセキュリティ強化:コインベースやバイナンスの教訓とは

Yohei Hanazato 38 minutes ago

Premium Sponsors

Top Brands

Press Releases

  • Ripple (XRP) holder benefits: Earn $93,600 a day through...

    2 hours ago
  • REVEALED: The Bitcoin Mining Secret Robinhood Users Use to...

    13 hours ago
  • Why XRP BTC DOGE Enthusiasts and Millionaires Stop Talking...

    14 hours ago
  • Bitcoin prices are skyrocketing, and using it to...

    20 hours ago
  • Robinhood users trade and mine with one click, earning...

    22 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.