Contest : The Tech Quiz - Season 27

Token BRC-20 is a token standard that runs on the Bitcoin blockchain. In addition, this token is modeled after ERC-20, which also runs on the Ethereum blockchain. BRC-20 tokens also allow the creation and sending of tokens to each other on the Bitcoin network, enabling the development of decentralized applications (DApps) and smart contracts on the Bitcoin blockchain.

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Tell us about one of the projects on BRC-20.

BASED ON THE BITCOIN BLOCKCHAIN:
BRC-20 tokens operate on the Bitcoin network, which is considered the most secure and stable blockchain in the world.

Transactions:
Like Bitcoin, transactions of BRC-20 tokens are securely recorded on the blockchain.

Smart Contracts:
These tokens are capable of performing automated and complex financial operations with the help of smart contracts.

Future of Bitcoin ecosystem.

The future of the Bitcoin ecosystem is looking pretty good, but while the future looks good, it also faces some challenges. Apart from this, online platforms are also accepting it, big companies and big countries are also investing in Bitcoin, which is benefiting from the fact that its price is also increasing day by day if we consider it. If you look at it 15 years ago, it was probably worth a few rupees, today it is in the billions of valleys, the main reason is that it has grown so much that people have increased confidence and people have invested in it. If we talk about the feature of bitcoin, it keeps privacy very much between people, for example if we send money from one account to another account, we don't even have to pay TAXES.

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