1. What is the BRC-20 token in the Bitcoin network? The BRC-20 token specification was established by the Twitter client @domodata on March 8, 2023, as an experimental Bitcoin replaceable token specification. The Ordinal rune that utilizes the JSON database can be used to deploy token contracts, mint, and transfer them. This is also a new evolution in the Ordinals storyline, which has angered some Bitcoin maximalists, but has also made many creators and collectors satisfied with the expansion of the Bitcoin network. Today, this technology is being used to conduct BRC-20 token specifications on the Bitcoin network, similar to ERC-20 tokens on Ethereum, but it is still in a very early experimental stage.
2. BRC-20 practical operations - Deploying BRC-20: Assisting other systems in detecting and processing BRC-20 events. - Actual operations: Event types (deployment, minting, migration). - Ticker: A 4-letter symbol for BRC-20.
- Minting BRC-20: Assisting other systems in detecting and processing BRC-20 events. - Actual operations: Event types (deployment, minting, transfer). - Ticker: A 4-letter symbol for BRC-20. - Minting limit: Declaring the minting limit for BRC-20. The declared value must be lower than the "lim" value.
- Migrating BRC-20: Assisting other systems in detecting and processing BRC-20 events. - Actual operations: Event types (deployment, minting, transfer). - Ticker: A 4-letter symbol for BRC-20. - Transfer amount: Declaring the amount of BRC-20 to be transferred. - Token recipient address: Declaring the recipient address. If left blank, logic will assume the transfer address is correct.
3. OrdinalsFinance rune integration of BRC-20 token deployment, minting, and transfer functions In the OrdinalsFinance software, ordinals are recorded, with a minimum fee required: [link](https://app.ordin.finance/inscription/). Website address: [link](https://ordin.finance) Source: Jincolor Finance.
