For now, BRC20 is the next big treasure trove that hasn’t even started yet, and exchanges are vying for assets in a certain industry (BRC20) and you know what’s going to happen.
4 reasons why BRC20 will be the next big thing to create wealth, not gaming or artificial intelligence:
1. Technology
Issuing tokens on a 15-year-old proof-of-work chain is much better than a younger proof-of-stake chain. Nothing can match the security of BRC20 tokens, which means serious businesses will look to mint BRC20 rather than ERC20. If companies want to provide their customers with the highest security and greatest certainty, they need BRC20.
2. Market size
There are currently less than 100 BRC20 tokens available across the industry, most of which are meme coins. There is a race going on right now within the exchanges where they are trying to list as many BRC20s as possible on any mcap, I work closely in the exchange space and I see this trend really starting to grow very quickly. We may see something similar to the 2017 altcoin season in the BRC20 space.
3. BRC20 will significantly slow down the Bitcoin blockchain, which will force more attention to alternative scaling solutions such as the Lightning Network, thereby accelerating the growth and development of the Lightning Network itself (technical improvements and increasing the number of active nodes online ). I think this will increase overall Bitcoin usage, and as the Bitcoin blockchain becomes more available, the minting of new BRC20 tokens will increase.
4. BRC20 will make DEX trading on Bitcoin truly better and more usable by leveraging the Lightning Network. If Bitcoin gets hundreds of quickly available DEXs on-chain, this will create billions of dollars worth of Bitcoin buying pressure for BRC20.
If you see this message, you will also share in the dividends of the entire BRC20 development!
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