Cloud Hosting

Binance, the worlds largest exchange, has introduced an in-app Inscriptions Marketplace that supports Bitcoin BRC-20 tokens, including ORDI ($ORDI).

As per an announcement by the crypto exchange, the Binance Inscriptions Marketplace serves as a one-stop solution integrated into the Binance Web3 Wallet. This feature empowers users to inscribe and trade various inscriptions, including BRC-20 tokens and Ethereum Virtual Machine (EVM) tokens.

The BRC-20 is an experimental token standard designed for fungible tokens on the Bitcoin blockchain.

In contrast to Ethereums ERC-20 tokens, which leverage the blockchains smart contracts, BRC-20 tokens utilize Ordinals inscriptions. This protocol allows for the inscription of data on individual Satoshis (Sats), which are the smallest denominations of Bitcoin.

The introduction of BRC-20 tokens has facilitated the development of meme coins built on the Bitcoin blockchain. Tokens like $ORDI, $SATS, and $PIZA have contributed to the collective market capitalization of BRC-20 tokens surpassing $2.8 billion, according to data from CoinGecko.

Ordinals and BRC-20 tokens have sparked controversy among the Bitcoin community. Bitcoin Core developer, Luke Dashjr, has contended that inscriptions are exploiting a vulnerability in Bitcoin Core leading to an increase in blockchain spam and subsequently causing a surge in transaction fees.

Despite facing criticism, BRC-20 tokens are displaying resilience and continued adoption. Binance has joined wallets like Phantom in supporting this new token standard. Notably, ORDI, the most valuable BRC-20 token in terms of market capitalization, holds a position within the top 100 cryptocurrencies overall, according to data from CoinGecko.

The Inscriptions Marketplace is designed with accessibility and convenience in mind. It caters to all, from BRC-20 enthusiasts to those new to Web3, providing a secure and enjoyable experience. The introduction of the Inscriptions Marketplace is a welcome development for Binance Web3 Wallet, enhancing users journey through the decentralized web with its array of features.

Binance

Follow us onTwitterfor latest posts and updates

Join and interact with ourTelegram community

________________________________________

________________________________________

See the original post:

INTRODUCING | Binance Launches a One-Stop Solution for Inscribing and Trading BRC-20 Inscription Tokens - bitcoinke.io