We do the research, you get the alpha!
Welcome to the #Binance Inscriptions Marketplace.
Your go-to place for all things BRC-20 and inscriptions, built into the #Binance Web3 Wallet.
Find out more 👇
— Binance (@binance) February 1, 2024
$61,891.00
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11.45%$0.999642
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3.49%$0.00512499
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0.77%$1.055
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0.46%$0.03476677
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0.77%$0.328059
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0.37%$0.727266
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1.84%$0.588695
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0.50%$1,243.67
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0.74%$0.376915
1.37%$0.233044
0.69%$0.170712
1.55%$0.109928
0.45%$0.146621
0.03%$3.90
4.20%$2.40
1.94%$15.58
0.09%$36.53
-0.84%$2.40
3.35%$61,875.00
0.09%$2.45
-0.21%$6.12
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0.02%$0.135295
-0.14%$2.91
0.70%Binance has announced the launch of an in-app Inscriptions Marketplace supporting Bitcoin BRC-20 tokens such as ORDI.
According to an announcement by the crypto exchange, the Binance Inscriptions Marketplace provides a "one-stop solution" within the Binance Web3 Wallet, enabling users to inscribe and trade inscriptions including BRC-20 tokens and Ethereum Virtual Machine tokens.
BRC-20 is an experimental token standard for fungible tokens on the Bitcoin blockchain. Unlike Ethereum's ERC-20 tokens, which employ the blockchain's smart contracts, BRC-20 tokens make use of Ordinals inscriptions—a protocol that enables the inscription of data on individual satoshis, the smallest denomination of Bitcoin.
The launch of BRC-20 tokens has enabled the creation of meme coins atop Bitcoin, with tokens such as ORDI, SATS, and PIZA propelling BRC-20 tokens to a total market cap of over $2.8 billion, per CoinGecko data.
Welcome to the #Binance Inscriptions Marketplace.
Your go-to place for all things BRC-20 and inscriptions, built into the #Binance Web3 Wallet.
Find out more 👇
— Binance (@binance) February 1, 2024
Ordinals and BRC-20 tokens have proved to be a contentious issue among the Bitcoin faithful, with Bitcoin Core developer Luke Dashjr arguing that inscriptions are "exploiting a vulnerability" in Bitcoin Core to spam the blockchain, causing transaction fees to surge.
Despite the criticisms, BRC-20s are showing no signs of going away, with Binance joining wallets such as Phantom in supporting the new token standard. And ORDI, the most valuable BRC-20 token by market cap, sits in the top 100 overall cryptocurrencies per data from CoinGecko.
Edited by Andrew Hayward