Author Topic: What Are The Differences Between BRC20 Tokens & ERC20 Tokens?  (Read 473 times)

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The major differences between BRC20 tokens and ERC20 tokens are listed below.

1. Blockchain - The BRC20 tokens are built on Bitcoin's blockchain network, whereas the popular ERC20 tokens are created on the Ethereum blockchain. 

2. Functionality - BRC20 tokens are created through Ordinal Inscriptions, but the ERC20 tokens are created through Smart Contracts.

3. Consensus Mechanism - BRC20 tokens work on the Proof of Work mechanism and ERC20 tokens work on the Proof Of Stake mechanism

4. Gas Fees - The gas fees in BRC20 token transactions are comparatively lesser than ERC20 tokens.

To know more, reach out to the leading Token Development Company which is specialized in BRC20 Token Developmentand ERC20 Token Development.

 

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