After a period of calm induced by the Bitcoin correction, the DRC-20 protocol is experiencing a rebound in activity following the strong desire of its community to promote the ecosystem beyond its own borders!
A renewed activity on
Recently the use of the hashtag #DRC20 has been widely used on their ecosystem.
This is how many Space (chat rooms on 20, also called Doginals.
In it we can for example hear different creators discussing in a light and friendly way about their project, the future of the DRC-20 and the different reasons why they are optimistic about their future.
What is the DRC-20 protocol?
Just like the BRC-20 token creation protocol for Bitcoin, Dogecoin also has its own token standard, DRC-20.
Allowing new tokens or NFTs to be registered directly âOn-chainâ, that is to say in Dogecoin transaction blocks.
Taking advantage of the security and scalability of the Dogecoin network, these new tokens aim to offer a cheaper and faster alternative to users wishing to own tokens or NFTs directly registered on the blockchain.
Currently a transaction on the Bitcoin network costs around $13, compared to $0.10 for a transaction on the Doge network.
Values ââspecific to the Doge community
The values ââput forward by the DRC-20 are the same as those of the Doge, namely accessibility, user-friendliness and fairness.
This is why the path of mutual aid between projects is widely used, giving rise to numerous partnerships, fueling overall growth that benefits everyone.
Simplicity and transparency are also essential since the ecosystem does not support smart contracts.
To deploy a token, simply define its basic characteristics (name, symbol, supply) and then âmintâ it yourself (to control the distribution of tokens) or allow users to do so (first come, first served). . The distribution of tokens is easily accessible via: https://drc-20.org/ Or https://doggy.market/
This article was written by Jimmy DogeBuilder, passionate about the Doge ecosystem and the different registration protocols. Find it on Twitter.
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