BRC20 Token Standard Gains Ethereumâs Power on Bitcoin
The BRC20 token standard has been upgraded with Ethereumâs execution engine, marking a notable step in Bitcoinâs evolution. Launched at Bitcoin block 912,690, this enhancement brings programmable tokens adn smart contracts to Bitcoin.
Best in Slot, an Ordinals developer, launched the BRC2.0 upgrade alongside the pseudonymous creator Domo. This upgrade integrates Ethereumâs Virtual Machine (EVM) into Bitcoinâs BRC20 protocol. Domo explained, âWe aim to merge Bitcoinâs unparalleled security with Ethereumâs proven programming capabilities.â
UniSat Wallet has already embraced BRC2.0, offering universal address support for new assets. This early adoption underscores the potential of programmable Bitcoin tokens. Users can now manage, transfer, and store BRC2.0 assets seamlessly.
BRC2.0 transforms Bitcoinâs indexers,previously akin to simple calculators,into full-fledged computers capable of executing complex smart contracts. This change unlocks new possibilities for decentralized applications on Bitcoin.
- programmable tokens and smart contracts are now available on Bitcoin.
- UniSat Wallet is among the first to support BRC2.0.
- BRC2.0 leverages Ethereumâs Virtual machine for enhanced functionality.
This upgrade paves the way for innovative products on Bitcoin, utilizing Ethereumâs extensive developer resources. With BRC2.0, Bitcoin enthusiasts can now enjoy Ethereum-like token experiences while benefiting from Bitcoinâs robust security.