On the one hand, the BRC-20 standard is just a proposal at this point, and there’s no guarantee it will be widely integrated into blockchain tools like wallets and exchanges. Average users will probably have a hard time accessing BRC-20s for the foreseeable future. Wallets have to have special features to read ordinals, and even more special features to read the new BRC-20s. Same goes for exchanges – as Domo warned in March, “It is unlikely that balances will be safely tradable using existing marketplace infrastructure.” Some exchanges are certainly gearing up to integrate BRC-20s, but the markets won’t be fully liquid for some time, even if BRC-20s become a widely-accepted standard.
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- Source: https://www.coindesk.com/consensus-magazine/2023/05/05/pump-the-brcs-the-promise-and-peril-of-bitcoin-backed-tokens/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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