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Author: Admin | 2025-04-28
Bitcoin’s PoW mechanism and how the BRC-20 protocol is designed, deploying, minting, and transferring tokens costs a lot of energy. The protocol has also been criticized for creating “junk UTXOs”, meaning the protocol is not as efficient as it could be. ExpensiveAs the BRC-20 protocol uses a lot of energy and isn’t always efficient, it can also be expensive to inscribe, distribute, and manage BRC-20 assets.Limited Functionality compared to EVM chainsIf you’re looking for programmable tokens, BRC-20 tokens may seem limited in functionality for you. However, as the Highly ExperimentalAs the BRC-20 protocol is entirely experimental, the assets it creates are high-risk and have an uncertain future.Top BRC-20 TokensSo now you know how they work, you might be wondering which BRC-20 tokens you may already know about. Today, two of the most held BRC-20 tokens are ORDI and WOJAK. Keep in mind that most of these tokens have been created for educational or entertainment purposes and may not hold any future value. ORDI The most popular BRC-20 token to date is ORDI. Short for Ordinals. Not to be confused with the protocol Bitcoin Ordinals, which is the eponym. ORDI is the first ever fungible token that applies to the BRC-20 standard and was created during the described experiment by @domodata. It has been listed by several big exchanges. WOJAKJust by its name, users should be able to guess that the WOJAK token is a memecoin. The name of the token goes back to the internet meme called “Wojak” (polish for soldier or warrior). It’s a simple black-and-white cartoon drawing of a bald man with a wistful expression. This particular token is a memecoin and to learn more about these types of assets, check out the full article on what a memecoin is.BRC-20 vs ERC-20 Tokens: What’s the Difference?Simply put, we are comparing a Bitcoin asset to an Ethereum asset. But of course, there’s more to it. For starters, BRC-20 tokens are much more limited than their Ethereum token counterparts. To explain, many blockchains have their own virtual machine that has the power to execute smart contracts. For Ethereum and Solana, that’s EVM, the Ethereum virtual machine. These virtual machines can read and execute code which allows for more complex assets and conditions relating to those assets. But here’s where the big difference is: Bitcoin does not use a virtual machine, and this poses some limitations. For example, BRC-20 tokens are
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