KuCoinopedia: #BRC20
BTC has long been the only cryptocurrency that the Bitcoin blockchain supports—but that is now changing with the launch of #BRC20. While it may sound like #ERC20 tokens, they are not to be confused.
What are the things to know about this token standard?
Seeing a bit of misinformation (and a good bit of DISinformation) on the @GoGalaGames new contract for $GALA.
This isn't an "additional" token, it is an upgrade that replaces the old token.
It has a number of improvements, including:
- Better tracking of burns (needed for bridges and pay-by-burn)
- Security enhancements (increased decentralization, Gnosis safe)
- Upgradeability (so we don't have to do this again)
Nothing is changing about the fundamental tokenomics, supply, etc. It is just a new contract with the new token going 1/1 to the people who hold the old token, which will then be deprecated.
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