In the last four days there has been a surge of new BRC20 shitcoins, morons with beards in shorts and barefoot shoes, which is what typical crypto idiots look like, have issued 10,000 more coins. The current value of the BRC20 token economy is now $497.75 million, and consists of a total of 24,677 different shittokens.
Bitcoin by design incorporates functionality that was previously synonymous with the Ethereum blockchain, such as the introduction of new tokens and NFT generation. In just four days, the combined market capitalization of 24,677 BRC20 tokens soared 16.56%, surpassing the $427 million mark.
But the overgrown teenagers with beards in shorts have no intention of settling down, they need more money, they are ready to destroy all the space created before them by adults, for the sake of increasing their pocket income to be spent on stinky Starbucks coffee, new iPhones and Macbooks, and smoothies and falafel.
While sipping a stinky barrel-aged Americano from a Starbucks glass, they cast their murky gaze over the meager list of real cryptocurrencies and found something else alive to sully it with their murky shitcoins. The bitcoin-like DOGE blockchain was the new field for shitcryptan activity.
And the assault began. DRC20 tokens took Dogecoin by storm, driving record daily transactions on the network. As the BRC20 token economy has already reached a market capitalization of nearly $500 million, the introduction of the DRC20 token standard has caused a flurry of excitement in the Dogecoin community.
The emergence of this new type of token caused a flurry of activity, leading to a significant increase in daily transactions on the Dogecoin blockchain. Specifically, on Wednesday, May 17, 2023, the network recorded more than 820,000 confirmed transactions.
They are like Colorado bugs, gorging themselves on the BRC20 fields in the bitcoin blockchain, and have climbed onto the Dogecoin blockchain, which now has its own DRC20 token standard. This development allows the creation of interchangeable tokens on the Dogecoin network in a decentralized way, in just one DOGE.
Drawing inspiration from the actions of Litecoin developers after the advent of ordinals in bitcoin, DRC20s introduced a similar technology that allows arbitrary content to be engraved on elons, the smallest unit of DOGE.
Nicknamed "Doginals" by some members of the DOGE community, DRC20 tokens have received infrastructure support from several projects, albeit with limited resources. A prime example of this support is the integration of the DRC20 token creation system into Dpalwallet software, which allows users to create their own Doginals.
For now, DRC20 tokens are still in their infancy, and the exact total volume of DRC20 token issuance remains unknown. In addition, the lack of dedicated DRC20 trading venues forces users to resort to over-the-counter transactions when buying or selling Doginals.
More than 820,000 transactions were confirmed on May 17 alone, a new record for the daily transaction volume of the DOGE network. The surge in activity picked up its initial momentum on May 10, with DOGE daily transaction counts surpassing the 600,000 and 700,000 mark for three days.
The future of DRC20, in many ways similar to their bitcoin counterparts, has yet to be assessed in terms of sustained demand. However, over the past week the trend has shown an avalanche-like growth, reaching its peak.
DRC20 tokens are now the hottest topic in crypto and have attracted significant attention on social media platforms such as Twitter. In the coming weeks, it will become clear whether the insane DRC20 hype can maintain its momentum and clobber the blockchain DOGE, which Elon Musk has yet to move to POS.
Dear adult teenagers in shorts, turn your eyes to other shit-blockchains for your shiatcoins. There are tons of faster and fancier scamchains on the marketplace, created by smart guys like you, like SBF and already listed directly on the shithole exchanges. Why do you need BTC and DOGE?