The mind behind Bitcoin Ordinals has introduced the idea of a new token protocol based on Bitcoin, which could serve as a replacement for the BRC-20 token model. This comes as an answer to some challenges associated with BRC-20, which was initiated in March by a developer only known as Domo. Surprisingly, in just two short months, BRC-20s market valuation skyrocketed to $1 billion. Some of its standout tokens include PEPE and ORDI. The purpose of BRC-20 is to allow the creation and transfer of fungible tokens on Bitcoin through the Ordinals system. However, a flaw is seen in how BRC-20...
source: https://tokenpost.com/Bitcoin-Ordinals-Creator-Suggests-New-Fungible-Token-System-as-Alternative-to-BRC-20-10733
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