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BRC-20 Token Development: Unleashing the Potential of Blockchain Innovation
The launch of the BRC-20 token standard has sparked interest in the cryptocurrency space. Could you believe that over 8500 distinct tokens have been minted for the BRC-20 standard? Many Individuals are so excited about this new development, which will significantly alter the way the game in the crypto industry.
Are you curious about the exciting world of blockchain technology and its latest advancements?
Look no further! In this article, we will dive into the fascinating realm of BRC-20 token development, exploring its significance, features, and potential it holds for revolutionizing various industries. Get ready to embark on a journey that unravels the power of blockchain innovation.
What exactly is a BRC20 Token?
BRC-20 token is a developmental test fungible token standard developed with the #bitcoins ordinal inscriptions. BRC-20 token standard is built on the #ethereumblockchain and has gained significant attention in the crypto space. These tokens adhere to a specific set of standards, facilitating seamless compatibility and interaction with other tokens and decentralized applications (dApps).
BRC-20 tokens are more accessible to Bitcoin users as they can only be generated and traded using a Bitcoin wallet. The ability to exchange BRC-20 standard tokens for other tokens of the identical type makes them fungible.
Similar to their #erc20 counterparts, BRC-20 standard tokens exhibit enhanced functionalities and offer exciting possibilities for Startups and individuals alike.
How do BRC-20 tokens function?
No other cryptocurrency has ever been supported on the Bitcoin blockchain but Bitcoin itself. BRC-20 tokens have been a godsend for those who sought to use the blockchain in novel ways. Understanding how BRC-20 tokens operate is crucial.
BRC-20 tokens create token contracts and produce and transfer tokens using Ordinal inscriptions. What makes it distinctive is that a BRC-20 token may be generated utilizing the BRC-20 standard with specific functionalities such as deploy, transfer, and mint, among others.
Users of this standard can produce mint tokens based on Bitcoin using the Ordinals protocol, just like #ethereum users can do with the ERC-20 standard. #brc20 tokens are entirely fungible, which sets them apart from non-fungible Ordinals.
Business Advantages of BRC-20 Token Development:
- Interoperability: BRC-20 token standard embraces interoperability, enabling seamless integration with different blockchain platforms. This cross-chain compatibility fosters collaboration and opens doors for exciting new use cases.
- Smart Contract Capabilities: Leveraging the power of smart contracts, BRC-20 tokens empower developers to create sophisticated decentralized applications. Smart contracts automate and enforce agreements, eliminating the need for intermediaries and enhancing transparency and efficiency.
- Enhanced Security: Built on the robust Ethereum blockchain, the BRC-20 token standard inherit its security features. Through cryptographic encryption and distributed consensus mechanisms, these tokens ensure tamper-proof transactions and safeguard user assets.
- Improved Liquidity: BRC-20 token standard can be easily listed and traded on decentralized exchanges, enhancing liquidity and facilitating seamless token transactions. This #liquidity opens up new avenues for fundraising and investment opportunities.
BRC-20 Token Use Cases:
- Tokenized Assets: BRC-20 token standard enable the fractional ownership and trading of various assets, such as real estate, art, and commodities. This tokenization democratizes access to traditionally illiquid markets, making investments more accessible and inclusive.
- Decentralized Finance (DeFi): BRC-20 tokens are a driving force behind the rapidly growing DeFi ecosystem. They serve as the building blocks for lending platforms, decentralized exchanges, stablecoins, and yield farming protocols, revolutionizing traditional financial services.
- Supply Chain Management: BRC-20 tokens offer traceability and transparency in supply chain management. By tokenizing products and tracking their movement on the blockchain, businesses can enhance efficiency, reduce fraud, and build trust with consumers.
- Gaming and Non-Fungible Tokens (NFTs): The gaming industry is embracing BRC-20 tokens to facilitate in-game purchases, asset ownership, and provable scarcity. Additionally, BRC-20 tokens are utilized in the creation and trading of NFTs, enabling digital collectibles and unique virtual experiences.
They adapt to the trends of the BRC20 token standard of Ordi, Meme, Pepe, Shib & Moon. The market value of the BRC-20 currency has soared recently, and the volume of transactions on it has even surpassed those on BTC.
Due to this enormous rise, many investors are interested in learning more about BRC-20 tokens and wondering if they are good investments.
Conclusion
As a startup, you must "hit the ground running" if you want to compete in the cutthroat BRC20 token surroundings. A BRC20 token development Company is the most efficient way for achieving it. To surf in the Crypto ocean, Connect with a reputable BRC20 token development company in the sector to take your business to the next level. If you're a startup or an entrepreneur looking to make your mark in the world of the Bitcoin blockchain platform, BRC-20 token development is the way to go.
Remember, the power of BRC-20 tokens lies in their ability to bridge gaps, unlock opportunities, and reshape industries. Embrace this transformative technology and be part of the blockchain revolution today!
XWORLD — Pioneering Web3 Games & Apps Store.
Earn Profits & Assets From Your App Usage Time
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October 23, 2023
XWORLD Has Updated 52 Versions in Alpha Test, For A Stunning Release
XWORLD, the top-tier games, and apps recommendation platform, has recently released 52 versions for alpha testing. These versions have been carefully developed and refined to ensure a stunning release in the near future. XWORLD aims to provide users with a curated selection of the best games and apps available, ensuring an exceptional user experience.
Stay tuned for the exciting release!
X-World Version Update Records (Last 10 updates)
Client 3.1.34
Release time: 2023/10/20
Optimization — Acceleration of $BUILD mining with H5 games participating in
Optimization — Home page UI optimization
New — Flash sale product notices added to homepage and game selection page
Client 3.1.33
Release time: 2023/10/13
Optimization — Some UI details
Optimization — Adjust the digging $BUILD boot style
Added — Pop-up window of new user digs $BUILD prompt
Added — Novice task guide (dig $BUILD guide)
Fix — Handle human detection timeout issue
Optimization — Smartlook screen recording logic
Client 3.1.32
Optimization — Adjust some UI details
Optimization — Added pop-up prompts for blank/error on network alliance task download page
Optimization — Deal with the problem that some mobile phones cannot open permissions
Optimization — The wallet balance increases currency switching, and the wallet hides tokens with a balance of 0 by default
Client 3.1.31
App Store Path Adjustment
Modify the minimum amount for forced wallet creation and backup wallet to 0.2 USD.
Remove new user interest guidance
Remove fresco and reduce package size
Client 3.1.30
Fix the problem of integrating Smarlook
Fixed the problem of incorrect loading of images in the game recommendation list
Client 3.1.29
Added — Game recommendation list supports video playback
Added — First transaction build adds withdrawal guidance
Added — Smartlook (tool for recording user behavior)
Optimization — Add pre-cache for novice pop-up window
Optimization — add external link style to community posts
Optimization — Add security prompt in permission guidance pop-up window
Optimization — When returning to the audit status in the background, the Client adds audit judgment and reports it
Optimization — Change the threshold for creating a wallet to 0.05 USD.
Fix — Deal with the problem that the prop store is not displayed when the application is first opened after installation
Fix — Deal with issue with video sound still playing after exiting video post
Fix — Meizu phone failed to navigate to the application usage permission page set by the system
Optimize other UI experiences and handle other issues
Client 3.1.28
Added the function of sending pop-up windows in the background
Application display status bar/navigation bar
Optimize some UI displays and fix known issues
Client 3.1.27
Add gaid to obtain retry mechanism
Optimized web3 zone revision
Adjust some UI and fix known issues
Client 3.1.26
Added push notification to support icon display function
Added the function of displaying/hiding small red dots in all bottom tabs of the homepage
Added deep chain support to jump internal product/post/event details page
Added the function of selecting interests for new users after registration
Added functions for novice tasks and guidance
Optimize the experience of changing the personal page address URL to the page path (Client multilingual processing)
Optimize the experience of displaying balance for users who have not created a wallet
Optimize the experience of following the author from the post details page and then returning to update the following status
Optimize the experience of displaying high build guides on the library page once a day
Fix the issue of selecting image permissions for android13
Fix the problem that the UUIDs reported by the exposure of community list items are all the same
Fix the problem that clicking tab refresh fails
Fix the problem of anr caused by web3 wallet initialization
Fixed the issue of 403 error (restoring wallet function) when accessing links on some mobile phones
Modify the app icon
Client 3.1.25
Deep Chain supports jumping to fan list
Payment/binding deep chain modification, payment interface parameter modification
Client 3.1.24
Add functions for editing and deleting posts
Add web3 page and the following tabs on the homepage
Add the function of viewing larger images to the community map
Add application to expose and report in the foreground
The unified password for payment function is the wallet password
Post search adds recommended games that can be associated
Optimize the process of posting and selecting images
Add follow/unfollow author function to post details page
Add the function of clicking the post user avatar to jump to the guest status page
Client 3.1.23
Change package name, signature, and configuration again
Audit logic change
Added Client Settings page
Other issues to deal with
XWORLD
New-Gen Games & Apps Monetization Platform
Earn Profits & Assets from Your App Usage Time
Website | Twitter | Instagram | Facebook |Litepaper
October 21, 2023
BTC will break $32K soon？Vitalik is heading for AI | Web3 News
BTC price hits 2-month high amid bet Bitcoin will break $32K ‘soon’
Bitcoin（ $29,691） tapped $30,000 into the Oct. 20 Wall Street open as analysts directed attention to the weekly close.
In an optimistic longer-timeframe view, trading team Stockmoney Lizards predicted that resistance immediately above $30,000 would soon crack.
Updating a chart fractal comparing BTC/USD in 2023 to its 2020 breakout, analysts argued that the time for significant upside is now. An approval of the United States’ first Bitcoin spot price exchange-traded fund (ETF) would form the clinching factor.
“31/32k will break soon,” part of accompanying commentary read.
“P.S.: Many of you will once more say: ‘But 2020 was after halving, here we are before’ — answer: doesn’t matter. This year mass adoption / ETF approval will be THE driver.”
Ethereum Cofounder Vitalik Buterin Confirms Plans for AI
Ethereum cofounder Vitalik Buterin has shared new revelations that show a possible integration with artificial intelligence (AI) in the mid- to long term. Responding to community members in an ask-me-anything (AMA) session hosted on the decentralized social protocol Warpcast, Buterin said AI remains one of the thoughts that has filled his mind for the past two weeks.
While Vitalik Buterin was not detailed about the specific things he thought about, he said he is considering the ways in which the Ethereum community could productively engage on AI-related issues. Some of the issues he highlighted include X-risk, a concept that showcases how humanity can be harmed on a massive global scale.
In recent times, proponents have been citing how possible Blockchain technology can coexist with AI. Drawing on the revolutionary technology underpinning both concepts, a combination of AI and blockchain has been tipped as a futuristic solution to some of the world’s biggest challenges to date.
While there are a number of crypto projects exploring AI solutions to date, Buterin’s assertion of the concept lends another perspective, considering the role he plays in the broader digital currency ecosystem. The possible timeline of any potential engagement was not revealed, and from his actions, we might expect a detailed blog post in this regard in the future.
‘Magic: The Gathering’ creator’s crypto game lands on Epic Game Store
“Magic: The Gathering” creator Richard Garfield has helped design a blockchain game, and it is launching on the Epic Game Store.
The Dungeons & Dragons-style fantasy card game Garfield created became a massive hit, fostering an ecosystem of players who for years actively bought, sold and traded the game’s physical cards. Garfield is now hoping his digital card game “Brawlers” will also capture gamers’ imaginations.
The player-vs-player game was co-designed by Garfield and developed by fledgling web3 gaming firm Tyranno Studios, which focuses on creating titles on the WAX blockchain.
“Just like traditional physical card games, Brawlers allows people to purchase card sets and use them to play with others, simultaneously retaining full ownership and control over their assets to easily trade or exchange them,” Garfield said in a statement. “This opens up many new opportunities for developers to build successful web3 games with living and breathing economies where each player is a full-fledged participant and avoids all the pitfalls of exploitative microtransactions.”
Refik Anadol NFT collab with Brazilian tribe yields $3.9 million in a week
Cutting-edge artist Refik Anadol’s latest digital art collection dubbed “Winds of Yawanawa” may be the one lone bright spot in an otherwise dim NFT market.
The project, a collection of “data paintings,” has generated $3.9 million (2,493 ether) in sales over the past week, according to OpenSea data. The eruption of interest in Winds of Yawanawa, a collaboration between the Brazilian indigenous community Yawanawa and Anadol, comes amid a broader NFT market downturn that has seen trading volumes plummet by more than 90% since a bull run bolstered by excitement for mostly low-resolution picture-for-profile NFT collections like Bored Ape Yacht Club and CryptoPunks.
One popular NFT watcher took to X to highlight both the success of Winds of Yawanawa and how large of a portion of overall trading the collection accounted for in a day’s worth of trading.
“Winds of Yawanawa did 451 ETH of volume on OpenSea yesterday, about 25% of the total ETH volume on OpenSea,” posted @punk9059, director of research at Proof Collective, an organization that supports blockchain-powered art. “What’s striking is partially how much [Winds of Yawanawa] is doing, but also how little else is trading.”
Magic Eden’s Tokenized Collections Program Debuts with 100 Physically-Backed Pokémon Cards
Last week, the renowned cross-chain NFT platform, Magic Eden, introduced its groundbreaking Tokenized Collections Program in collaboration with Collector Crypt, a pioneer in bringing physical collectibles to the Web3 space. The program’s inaugural drop, featuring 100 graded Pokémon cards, is set to launch today, Wednesday, October 18, exclusively on the Magic Eden Launchpad.
XWORLD
New-Gen Games & Apps Monetization Platform
Earn Profits & Assets from Your App Usage Time
Website | Twitter | Instagram | Facebook |Litepaper
November 14, 2023
The Rise of BRC20: XWORLD and Top Tokens Set to Leap into the Next Crypto Bull Run
How XWORLD is Harnessing the Power of BRC20 Tokens to Unlock New Wealth Opportunities in the Web3 World
In the ever-evolving world of digital gaming and app monetization, XWORLD stands out as a top-tier player with immense potential. With a strong backing from ad giants and an ever-growing user base of over a million, XWORLD is on a fast track to becoming a new-gen unicorn in the Web3 space. The platform’s governance token, $WORLD, has surged an astounding 6400%, signaling the vibrant growth and potential of XWORLD.
From its inception, XWORLD has had a clear vision: to seamlessly transition Web2 users into the wealth-filled world of Web3. To realize this vision, the platform has been focused on bringing every wealth opportunity in the Web3 ecosystem to its users, including BRC20 tokens.
With the Bitcoin ecosystem booming, BRC20 tokens like ORDI and SATS have become the talk of the crypto world, rising by an impressive 100x. Recognizing the potential of these tokens, XWORLD has decided to bring its users a wealth of opportunities — a staggering 1.5 billion $SATS to be precise. By simply completing a few tasks, users can earn these tokens for free!
The platform’s “Quest Treasure Hunt” (https://www.xworld.store/quest) is your gateway to this wealth. Offering 1.5 billion $SATS, it is an exciting opportunity for users to earn while they play. The Treasure Hunt is open to everyone, making it a fair and accessible way for users to participate in the crypto boom.
As we embark on what could be the next bull run in the crypto market, XWORLD and top BRC20 tokens are set to take a big leap forward. With a strong platform, a dedicated user base, and a clear vision for the future, XWORLD is poised to redefine the digital gaming and app monetization landscape.
To stay updated on all things XWORLD and to join the Quest Treasure Hunt, follow XWORLD on Twitter at https://x.com/xworld_store. Embark on an exciting journey with XWORLD, where your digital experiences are not just fun, they’re valuable. Welcome to XWORLD, the future of digital advertising and wealth generation.
XWORLD — Pioneering Web3 Games & Apps Store.
Earn Profits & Assets From Your App Usage Time
Website | Litepaper | Telegram | Discord | Facebook | X ( Formerly Twitter)
