The world of cryptocurrencies is changing quickly, with different tokens becoming extremely popular and valuable. While people have been paying a lot of attention to BRC-20 tokens, there is now a new type called SRC-20 tokens. In this article, we will explore what SRC-20 tokens are and how they affect the Bitcoin blockchain.
What are SRC-20 Tokens?
SRC-20 tokens are named after ERC-20 tokens and are built on the Bitcoin blockchain, adding an extra layer of functionality. Although the Bitcoin blockchain was primarily designed for transferring and storing Bitcoin, the emergence of SRC-20 tokens has broadened its scope.
The STAMPS protocol, which enables users to create and manage tokens directly on the Bitcoin blockchain, is used to generate SRC-20 tokens. SRC-20 tokens have drawn a lot of interest and are creating a buzz in the cryptocurrency market.
Key Advantages and Features Of SRC-Tokens
SRC-20 tokens offer several benefits in comparison to other token types. Since these tokens are backed by the Bitcoin blockchain, they have the benefit of enhanced security, as they are stored on the blockchain. Due to market capitalization and track record, Bitcoin is regarded as the most secure blockchain there is.
Although still in the early stages, SRC-20 tokens expand the possibilities of token utilization on the Bitcoin blockchain. Below are the key features of SRC-20 tokens:
· STAMP protocols are used to create them
· The Bitcoin blockchain serves as the storage platform for SRC-20 tokens
· Compared to alternative token types, SRC-20 tokens are more secure
How to Buy SRC-20 Tokens
To buy the SRC-20 token, here is the step to follow:
Step 2: Create Hiro Wallet and install its browser extension.
Step 3: To access Bitcoin Stamps, click on the "Receive" button, which will open a new window.
Step 4: Select Bitcoin Stamps from Collectibles.
Step 5: Copy the address and then proceed to paste it into the text box located at the bottom of the screen on stampchain.io/src20.
NOTE: Choose "Mint" from the topmost list box. In the "Tick" text box, enter the ticker by referring to the details provided on stampsrc.github.io. You have the option to select from numerous tokens available.
For illustration, you could select the ticker "Kevin," set the token count to "10," and then click "Quote." On stampchain.io, you will see the total printing cost in BTC and the fee rate in satoshis. Additionally, two buttons will be displayed: "Quote" and "Stamp." To proceed, click on the "Stamp" button.
The amount of Bitcoin to send, an address, and a QR code are all shown to the user on the screen. Once a payment is sent to the designated address, users will receive SRC-20 tokens at the address they had previously copied and pasted.
After successfully receiving your SRC-20 tokens, you can find them in your wallet within the section highlighted in the provided screenshot.
With the increasing
adoption of SRC-20 tokens, we can anticipate a surge in the development of innovative
applications on the Bitcoin blockchain. SRC-20 tokens possess the capability to
enhance Bitcoin's strength and versatility, making it a more adaptable and versatility, making it a more adaptable and
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