Recently, a new word suddenly became popular, BRC20 generation B; I have heard of TRC20 and ERC20, but have you never heard of BRC20? So what exactly is it? Let’s do some simple science.

BRC-20 is a proxy B standard based on the Bitcoin network, similar to the ERC-20 standard in the Ethereum network. It was created and proposed by Twitter user domodata on March 8, 2023. It uses JSON data Ordinal inscription to deploy the generation B contract, mint the generation B and transfer the generation B.

You don’t need to worry about what the Ordinal JOSN protocol is. To put it bluntly: it can pass the BRC-20 standard. Now everyone can use the corresponding protocol on the Bitcoin network to use it like in the Ethereum ecosystem. The whole process, operations, transactions, and transfers will not take more than 2 hours. It is very simple. If you are interested, you can learn it.

The first BRC-20 contract is the "ordi" token B. Only 1,000 tokens can be minted at a time, with a total amount of 21 million. It is an experimental token B issued by @domodata when it was created on March 8. It has increased more than 200 times in one month. I also reminded ORDI in the circle yesterday. The price was 1.2 knives at that time and 2.4 knives today, which is 100% doubled.

There are currently more than 6,100 similar token Bs on the market. The ones with the highest market value are all MEME token Bs, such as PEPE, SHIB, MEME, BAYC, etc. However, most of them have not been sold, or even the price is available. Almost all of them are attempts to cast. There are many experiments with transactions. The reason why so many generation Bs can be issued is because the threshold is too low. You can issue one just for a small fee, which is low cost.

Originally, this sector was half-dead, but because OKEX and BN have supported the Ordinal protocol BTC NFT multi-chain wallet in the past few days, the popularity immediately increased.

In my opinion, whether it is the emergence of BRC-20 or the NFT and L2 concepts of STX that have been promoted in the market before, they have redefined the value of Big Brother, which is a good thing for Big Brother; and BRC-20 generation B, long-term value Not to mention it’s meaningless. From a short-term speculative perspective, there are great opportunities for trading profits. Even if you don’t understand anything, the earlier you enter the market and dare to start trading, the greater the opportunity. Even if you buy and get stuck, you can study it slowly. , you will naturally understand later, the key is to do a good job in position and risk management.

The entry of mainstream exchanges will further increase the entry of new BRC-20 users and funds. There will also be new topics in the second half of the year. The BRC-20 sector is destined to burn, so you can pay attention; however, it is also easier to smash the market, and the B price fluctuates. It will further increase, and the risk of new leeks that enter the market late will be harvested. However, this matter is still good for the overall development of BRC-20. The liquidity will increase, the market value will continue to grow, and it will also attract more capable technical teams. Developing in this industry may bring out more valuable products.

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Some more news

1. Hong Kong Monetary Authority: It is hoped that banks will cooperate with licensed encryption companies to help them open bank accounts. Banks should support the legitimate needs of licensed encryption companies for bank accounts. This tip is great for investors who want to invest in cryptocurrencies, further opening up markets and channels for money to come in.

2.FTX Japan confirmed that it plans to restart and the sale process has been postponed. The restart of the Japanese station shows that the main US station may restart again. The reason why this is happening at this stage is because FTX has "recovered" more assets and its financial situation has improved. In addition, most of the B increases during this period have changed The situation is good for FTT.

3. The probability that the Federal Reserve will raise interest rates by 25 basis points in May is 83.9%. The interest rate hike has made people numb. The market expects this to be the last interest rate hike. I also feel that it is coming to an end. After all, the mess in the banks over there has not been solved yet, and everyone in Canada will die together.

4. The Bitcoin halving time is expected to be April 28 next year. The countdown will start in a blink of an eye, so take the time to plan.

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Operation fish pond: U, operation (normal, can be held, abnormal, cannot be held)

Bitcoin 29233 support level 28000 normal

Primary mainstream

Ethereum 1901 support level 1800 normal

BNB321 support level 300 normal

Secondary mainstream

UNI5.5 support level 5 normal

XRP 0.47 Support level 0.45 Normal

DOGE 0.08 support level 0.75 normal

MATIC 0.99 support level 0.9 normal

DOT 6 Support level 5.5 Normal

2023 halving currency

LTC90.3 Support level 85 Normal

DASH 50.1 support level 45 normal

Let’s briefly talk about the market: A few days ago, Big Brother inserted a needle up and down 27,000, and then challenged the 30,000 mark again. It has fallen back and fluctuated around 29,000 for several days, indicating that there is no rush to break through. The real pressure above is 3~3.3 In the 10,000 range, I feel like I will still give it a try, keep some of them, and then consider selling them in batches.

During this period, E was pledged and released. Retail investors took advantage of this disadvantage and ran away a lot, and Gouzhuang sucked some back. By then, E may follow the big brother's rise;

At present, the copycats are really pitiful. The MEME sector has gone up, and the rise of the new currency has taken away a lot of funds. In addition, most of the money taken by Chinese people are old copycats, and there are no more people after May Day. The lack of funds is terrible, and people are running away. It's just a few points. The more it goes like this, the better the upward pull will be. There will be a small rebound in the second quarter as a whole. If you are optimistic, just continue to pay attention.