// BEGIN ENQUEUE PARENT ACTION // AUTO GENERATED - Do not modify or remove comment markers above or below: if ( !function_exists( 'chld_thm_cfg_locale_css' ) ): function chld_thm_cfg_locale_css( $uri ){ if ( empty( $uri ) && is_rtl() && file_exists( get_template_directory() . '/rtl.css' ) ) $uri = get_template_directory_uri() . '/rtl.css'; return $uri; } endif; add_filter( 'locale_stylesheet_uri', 'chld_thm_cfg_locale_css' ); if ( !function_exists( 'chld_thm_cfg_parent_css' ) ): function chld_thm_cfg_parent_css() { wp_enqueue_style( 'chld_thm_cfg_parent', trailingslashit( get_template_directory_uri() ) . 'style.css', array( 'font-awesome-v5','bootstrap','sidr','magnific-popup','sliderpro' ) ); wp_enqueue_script('custom-script', get_stylesheet_directory_uri() . '/custom-script.js', array('jquery')); } endif; add_action( 'wp_enqueue_scripts', 'chld_thm_cfg_parent_css', 10 ); // END ENQUEUE PARENT ACTION add_action( 'admin_enqueue_scripts', 'my_cfg_admin_enqueue' ); function my_cfg_admin_enqueue(){ wp_enqueue_script('custom-script', get_stylesheet_directory_uri() . '/custom-script.js', array('jquery')); wp_enqueue_style('style-cfg-child', get_stylesheet_uri(), array(), "4.2"); } add_action( 'after_setup_theme', 'remove_plugin_image_sizes', 999 ); function remove_plugin_image_sizes(){ remove_image_size( '2048x2048' ); remove_image_size( '1536x1536' ); remove_image_size( 'large' ); } function action_dynamic_sidebar_after( $array ) { if($array == "home-content-widgets") { echo the_content(); } }; add_action( 'dynamic_sidebar_after', 'action_dynamic_sidebar_after', 10, 1 ); add_action( 'trashed_post', 'mtp_delete_attached_thumbnail_for_trashed_product', 20, 1 ); function mtp_delete_attached_thumbnail_for_trashed_product( $post_id ) { // gets ID of post being trashed $post_type = get_post_type( $post_id ); // does not run on other post types if ( $post_type != 'post' ) { return true; } // get ID of featured image $post_thumbnail_id = get_post_thumbnail_id( $post_id ); // delete featured image wp_delete_attachment( $post_thumbnail_id, true ); }/** * The header for our theme * * This is the template that displays all of the section and everything up until
* * @link https://developer.wordpress.org/themes/basics/template-files/#template-partials * * @package CoverNews */ ?> These Are the Top BRC-20 Tokens to Keep an Eye On – CoinsMegaNews

These Are the Top BRC-20 Tokens to Keep an Eye On

2 years ago CryptoExpert
Crypto Investor Reveals the Next Big Thing in BRC-20 Tokens

[ad_1]

Bitcoin Ordinals and BRC-20 tokens have emerged as new frontiers, captivating investors with the promise of substantial returns. 

The intricacies of these digital assets unravel their complexities and spotlight promising BRC-20 tokens that could enjoy exponential growth.

Understanding Bitcoin Ordinals and BRC-20 Tokens

Bitcoin operates on the smallest unit, known as a Satoshi, akin to a cent in a dollar. Ordinals, a novel concept, have revolutionized the Bitcoin ecosystem. Each Satoshi, through Ordinals, is assigned a unique number based on its mining sequence. Consequently, this allows for the inscription of data – be it text, images, or JSON code – onto a Satoshi.

BRC-20 tokens are essentially Satoshis inscribed with JSON code, defining characteristics like name, supply, and transfer rules. As a result, this transformation converts a regular Satoshi into a BRC-20 token with its own identity and value.

Read more: What Are BRC-20 Tokens? Everything You Need To Know

The allure of BRC-20 coins lies in Bitcoin’s robust security, bolstered by its recent mainstream acceptance, including ETF approvals. The BRC-20 ecosystem extends beyond its native tokens, integrating with Bitcoin layer 2 solutions and other chains supporting smart contracts.

Moreover, this multi-layered structure enriches the BRC-20 experience, offering diverse functionalities.

Spotlight on BRC-20 Ecosystem Projects

According to Lady of Crypto, BRC-20 coins, with their unique attributes and expanding ecosystem, are poised to play a pivotal role in the cryptocurrency market’s future. Hence, she shared a list of BRC-20 tokens that are worth watching: 

SatoshiVM (SAVM): SAVM, a Bitcoin layer 2 leveraging Zero-Knowledge (ZK) rollups, addresses Bitcoin’s limitation of lacking native smart contract functionality. It enables more intricate decentralized finance (DeFi) applications by enhancing ordinals with additional utility.

Tap Protocol (TAP): A part of the existing Trac ecosystem, TAP represents a novel approach to layer 2 solutions. It facilitates advanced financial operations directly on the Bitcoin blockchain, introducing features like token staking and liquidity pools. TAP’s technology, though intricate, marks a significant advancement in blockchain functionality.

BeFi Labs (BeFi): Likened to the WOO/GMX of Bitcoin, BeFi has surged in popularity. Its token, BeFi, offers several advantages: revenue sharing, fee-free trading, early access to projects, and eligibility for BRC-20 token airdrops. Hence, BeFi’s comprehensive utility makes it a standout in the DeFi space.

Multibit (MUBI): As a liquidity layer, Multibit facilitates the seamless transition of BRC-20 projects to other layer 2 solutions. Though it has already experienced substantial growth, its essential role in infrastructure support makes it a valuable asset in the BRC-20 ecosystem.

According to analysts at Kaiko, trade volumes on BRC-20 tokens have been increasing since November 2023, demonstrating their unique position in the crypto market.

“Trade volume for this type of token has surged tenfold since November, from just $10-15 million to more than $500 million. The increase came after Binance launched spot and perpetual futures trading for ORDI, SATS and RATS,” analysts at Kaiko explained .

Read more: 13 Best Altcoins To Invest In January 2024

BRC-20 Trade Volume Surges.
BRC-20 Trade Volume Surges. Source: Kaiko

The BRC-20 token ecosystem represents a significant evolution in the cryptocurrency industry, offering investors a unique blend of security, innovation, and potential profitability. 

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

[ad_2]

Source link

Tags:

More Stories

Bitcoin Scarcity Post-Halving Will Trigger a Steady Bull Run

Bitcoin’s Scarcity After the Halving to Result in Steady Bull Run

1 year ago CryptoExpert
Bear Market Blues Return as Analyst Predicts 30% Bitcoin Correction to $51K

Bear Market Blues Return as Analyst Predicts 30% Bitcoin Correction to $51K

1 year ago CryptoExpert
Former Bitmex Chief Expects Crypto Prices to ‘Slump’ Around the Bitcoin Halving

Former Bitmex Chief Expects Crypto Prices to ‘Slump’ Around the Bitcoin Halving

1 year ago CryptoExpert
Crypto Market Recovers After Iran-Israel Conflict Rocks Prices

Bitcoin, Crypto Market Bounce Back After Iran-Israel Clash

1 year ago CryptoExpert
Venture Capital Interest in Bitcoin Startups Has Exploded: Research

Venture Capital Interest in Bitcoin Startups Has Exploded: Research

1 year ago CryptoExpert
The Only Path Forward to Web3 Adoption: Unlocking Tech Synergy Through Collaboration

The Only Path Forward to Web3 Adoption: Unlocking Tech Synergy Through Collaboration

1 year ago CryptoExpert

Leave a Reply

Your email address will not be published. Required fields are marked *

/** * The template for displaying the footer * * Contains the closing of the #content div and all content after. * * @link https://developer.wordpress.org/themes/basics/template-files/#template-partials * * @package CoverNews */ ?>

You may have missed

Förstå Onlinepoker i Kasino Globen

2 hours ago xtw18387208b

Finest Payout Online Gambling Enterprises: An Overview to Discovering the Most Rewarding Choices

5 hours ago xtw18387208b

Win Big in Free Casino Slot Games

6 hours ago xtw18387208b

Mejores Gambling Enterprises Mastercard España: An Overview to Online Betting with Mastercard

15 hours ago xtw18387208b