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