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The DRC-20 protocol in full swing: Join the movement!

Sun 26 May 2024 ▪ 3 min of reading ▪ by Contributeur C. Partnership
Getting informed Blockchain

After a period of calm induced by Bitcoin’s correction, the DRC-20 protocol is experiencing a resurgence in activity thanks to the strong will of its community to promote the ecosystem beyond its own borders!

Le protocole DRC-20 en pleine effervescence : Rejoignez le mouvement !

A resurgence of activity on X

Recently, the use of the hashtag #DRC20 has increased significantly on X, not only by investors and network users, but also by Memecoins project developers who have decided to join forces to highlight their ecosystem.

Thus, numerous Spaces (discussion rooms on X) have emerged and will be held regularly, allowing everyone to stay informed and interact with key players in the DRC-20 protocol, also known as Doginals.

In these Spaces, we can hear various creators discussing their projects in a light and friendly manner, talking about the future of DRC-20 and the different reasons why they are optimistic about it.

What is the DRC-20 protocol?

Just like the BRC-20 token creation protocol for Bitcoin, Dogecoin also has its own token standard, the DRC-20.

It allows new tokens or NFTs to be inscribed directly “On-chain,” that is, within the Dogecoin transaction blocks.

Leveraging the security and scalability of the Dogecoin network, these new tokens aim to offer a more cost-effective and faster alternative for users wishing to own tokens or NFTs directly inscribed on the blockchain.

Currently, a transaction on the Bitcoin network costs about $13, compared to $0.10 for a transaction on the Doge network.

Values specific to the Doge community

The values promoted by DRC-20 are the same as those of Doge, namely accessibility, friendliness, and fairness.

This is why the path of mutual aid between projects is widely followed, leading to numerous partnerships and fostering overall growth beneficial to all.

Simplicity and transparency are also key, as the ecosystem does not support smart contracts.

To deploy a token, you simply need to define its basic characteristics (name, symbol, supply) and then either mint it yourself (to control token distribution) or allow users to do so (first come, first served). The token distribution can be easily accessed via: https://drc-20.org/ or https://doggy.market/

This article was written by Jimmy DogeBuilder, a Doge ecosystem enthusiast and expert in various inscription protocols. Find him on Twitter.

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Contributeur C. avatar
Contributeur C.

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