SRC-20 is a cutting-edge specification that builds upon the success of its predecessors, offering a host of unique features and capabilities. With SRC-20, we are entering a new era of tokenization on the Bitcoin blockchain, opening up a world of possibilities and expanding the utility of this revolutionary technology.

Unlike its more widely recognized counterpart, BRC20, the adoption of SRC-20 is still in its developing stages. However, this should not prevent you from exploring its immense potential. While BRC20 boasts an impressive array of over 18,000 protocols, the SRC-20 standard is gradually gaining traction with a select number of pioneering protocols, currently numbering 111.

This deliberate approach to development allows us to ensure the highest standards of quality and security. With a focused selection of protocols, SRC-20 promises a curated experience where every token holds significance and purpose.

In this blog, we will delve into the intricacies of SRC-20 and provide an in-depth exploration of its unique characteristics. We will demystify the underlying technology and development process of SRC-20.

Whether you are an investor seeking the next groundbreaking opportunity or a blockchain enthusiast eager to stay at the forefront of innovation, our blog will serve as your comprehensive guide to development.

What is SRC-20 or Bitcoin stamp Token Standard? 

SRC-20, the Security Token Asset Management Protocol Standard, is revolutionizing the world of NFTs by offering an open protocol that ensures security and cost efficiency. Built on the trusted Counterparty protocol, SRC-20 enables seamless issuance of NFTs, eliminating the need to burn bitcoins for XCP tokens.

In a significant leap forward, SRC-20 allows users to pay for BTC transactions in a more conventional manner, streamlining the token issuance process. But SRC-20 is more than just a protocol; it has created a thriving ecosystem that provides enhanced security, improved liquidity, and better access to capital markets. This ecosystem makes SRC-20 the go-to choice for users seeking to issue and manage tokenized assets.

Coinranking.com reveals that the STAMPS network has already minted an impressive 111 SRC-20 Tokens, including notable examples like $KEVIN, $PEPE SRC, and $STAMP. The growing collection of tokens showcases the diverse possibilities and utility that the SRC-20 protocol offers.

Exciting news has arrived as Hiro Wallet, a leading digital asset wallet, has recently announced its forthcoming support for STAMPS NFTs. This upcoming update will empower users to seamlessly mint and showcase their SRC-20 tokens, bringing tokenization capabilities to their fingertips.

To foster a vibrant community, the Bitcoin Stamps community on Telegram provides an engaging platform for discussions and trading opportunities. Here, users can connect with like-minded individuals, ask questions, and explore the latest developments in the crypto space. It’s a dynamic space where users can stay updated on the progress of SRC-20 and other tokens, ensuring they are always at the forefront of innovation.

With the integration of STAMPS NFT support and the upcoming SRC-20 update, Hiro Wallet continues to prioritize user experience by providing cutting-edge solutions and expanding the possibilities for token management. Join us as we grab the full potential of secure tokenization with SRC-20, revolutionizing the way we interact with digital assets.

Understanding SRC-20 Token Development

A Different Approach SRC-20 tokens offer a fresh and innovative way to leverage the Bitcoin network. These tokens come with several advantages, including stability, security, and programmability. As the Stacks ecosystem expands, the demand for SRC-20 tokens is expected to soar.

The process of creating SRC-20 tokens involves locking Bitcoin on the Stacks blockchain, known as “minting.” When Bitcoin is minted, it is converted into SRC-20 tokens, which can be used for trading, investment, and application development. One significant aspect of SRC-20 tokens is that they are backed by Bitcoin, ensuring their value always corresponds to the Bitcoin used to mint them. This stability makes SRC-20 tokens a more reliable investment compared to other cryptocurrencies.

Moreover, SRC-20 tokens offer enhanced security. Built on top of the Bitcoin blockchain as a Layer-2 solution, the Stacks blockchain provides the security of Bitcoin while enabling programmability and interoperability with other blockchains. This combination makes SRC-20 tokens a secure choice for users seeking the benefits of both worlds.

Advantages of SRC-20 Token Development

Developing tokens using the SRC-20 standard comes with a range of advantages. Let’s take a closer look at some of the benefits of SRC-20 Token:

Stability

SRC-20 tokens are unique in that they are backed by Bitcoin, meaning that their value is directly tied to the value of Bitcoin. In this way, investors can be assured that their investment will remain stable and secure, as the value of their tokens will always equal the Bitcoin used to mint them. This makes SRC-20 tokens an attractive option for those seeking a more predictable and secure investment compared to other cryptocurrencies.

Security

SRC-20 tokens, developed on the Stacks blockchain, provide secure storage and transfer of assets by leveraging the security of the Bitcoin blockchain. These tokens offer robust security measures to ensure that users’ digital assets are safe and secure. SRC-20 tokens are an excellent choice for users who are concerned about the security of their digital assets. With SRC-20 tokens, users can rest assured that their assets are protected from unauthorized access and theft.

Programmability

SRC-20 tokens are designed to be programmable, which means that developers can use them to create decentralized applications (dApps) in the future. This programmability feature offers developers the ability to leverage SRC-20 tokens as a potent instrument for creating innovative and decentralized solutions. With SRC-20 tokens, developers can build unique and powerful applications that value users and businesses alike. This feature enables the creation of new possibilities in decentralized finance, gaming, and other industries.

Grab The Business Opportunities 

The Bitcoin STAMPS trend offers excellent opportunities for businesses seeking to prosper in the cryptocurrency world. with this trend, businesses are able to explore new opportunities in the fields of business, finance, art, NFTs and innovative developments. By embracing this trend, businesses can stay ahead of the curve and take advantage of the benefits that come with it. The Bitcoin STAMPS trend is an exciting development that businesses should not ignore. To make the most of these opportunities, partnering with blockchain experts like INORU is highly beneficial.

Hire Us for Pioneer benefits of SRC-20 Token Development 

INORU specializes in token development and offers comprehensive solutions, including SRC-20 token development. With their deep understanding of the blockchain ecosystem and a team of experienced developers, they can provide businesses with the necessary expertise to create and deploy tokens seamlessly. By leveraging INORU’s services, businesses can stay ahead in this rapidly evolving landscape and take advantage of the immense potential offered by SRC-20 tokens and the Bitcoin STAMPS trend. Don’t miss out on these opportunities. Partner with INORU today and embark on a successful journey in the world of cryptocurrencies.

The post How to Develop SRC-20 Tokens on the Bitcoin Blockchain? A New Standard for Bitcoin-Based Tokenization appeared first on Inoru.

Let’s explore the differences between BRC-20, SRC-20, LTC-20, and DRC-20. 

BRC-20 Standard Token 

BRC20 is a token standard based on the Ordinals protocol and is used for the issuance and transfer of interchangeable tokens on the Bitcoin blockchain. It was first described in detail back in March 2023 and has since gained growing attention as an effective way to generate profits. 

The potential for profits that this new trend brings is undeniable. According to BRC-20.io, the current market trend is impressive. There are currently 24,677 tokens and meme coins that have been minted, and the market cap has surpassed a staggering 4 billion. Yet, not many people are aware of this potential, making it an exciting opportunity to explore.

The Ordinals protocol is a secure and reliable way to write JSON data to Satoshi directly, which makes BRC-20 a robust token standard. With its growing popularity and potential for high returns, it is clear that this new trend has the potential to revolutionize the way we use the Bitcoin blockchain.

SRC-20 Standard Token 

STAMPS, or the Security Token Asset Management Protocol Standard, is an open protocol built on top of the Counterparty protocol that enables the issuance of Non-Fungible tokens (NFTs) in a secure and cost-efficient way. Traditionally, to issue NFTs, users would have to burn bitcoins in order to acquire an XCP token, which is used to execute protocol.

STAMPS eliminates this need by allowing users to pay for BTC transactions in a more conventional manner. Furthermore, the STAMPS protocol has created an entire ecosystem around the protocol, which offers users more robust security, greater liquidity, and better access to capital markets. This makes it an ideal choice for users looking to issue and manage tokenized assets. According to coinranking.com, there are already 111 SRC-20 Tokens minted on the network. Some of the tokens are $KEVIN, $PEPE SRC, $STAMP, and more.  

Hiro Wallet has recently announced the addition of STAMPS NFT support, and it is expected that the upcoming update will enable users to mint and display SRC-20 tokens. 

The Bitcoin Stamps community on Telegram is also available to provide users with a platform for discussion and trading. BitcoinStamps users have the opportunity to ask questions and post offers related to Stamps and other tokens. This is a great way for users to stay up to date with the latest news and developments in the crypto space. With the addition of STAMPS NFT support and the upcoming SRC-20 update, Hiro Wallet is continuing to provide users with the best experience possible. 

LTC-20 Standard Tokens 

As Bitcoin’s popularity grew, it was only a matter of time before developers and degens moved to the next big cryptocurrency – Litecoin. The netowork offers a number of advantages over Bitcoin, such as being significantly cheaper and faster. 

LTC-20 is a token standard for Litecoin that allows developers to create fungible tokens that can be used on the Litecoin network. LTC-20 tokens are based on the Ordinals protocol, which uses Bitcoin’s Taproot upgrades to inscribe data, including text, images, and video. LTC-20 tokens are similar to ERC-20 tokens, which are the native token standard for the Ethereum network. However, LTC-20 tokens are not compatible with ERC-20 tokens and cannot be used on the Ethereum network.

Currently, many people don’t yet know how to get LTC20. Fortunately, there is one marketplace for it – on Discord. This makes it easier to buy and sell LTC20 tokens without having to worry about market saturation. 

DRC-20 Standard Tokens 

Dogechain is an EVM-compatible chain created to give utility to $DOGE. It enables users to buy, store, and transfer DOGE tokens. However, many people may not know about DRC-20 tokens, which are from the original Dogechain. DRC-20 tokens are a type of digital asset that enables interoperability between different DRC-20 tokens and services. This means that users can exchange their DRC-20 tokens with other tokens and services in a secure and transparent way. With the help of DRC-20 tokens, users can also access a variety of services, such as trading, lending, and staking. DRC-20 tokens provide a great utility for the Dogechain and give users access to a wide range of services.

The DRC-20 token standard has one major advantage over other token standards. Its gas prices are incredibly low. Even compared to BRC-20, its gas prices are much lower, making it an attractive option for investors. Having a Dogecoin wallet is essential for anyone wishing to interact with buying and selling with the DRC-20. With a Dogecoin wallet, users can securely and confidently store and manage their DRC-20 tokens.

Choose INORU for pioneer Service on BRC-20, SRC-20, LTC-20 and DRC-20 Development

If you are looking for a pioneering service to develop BRC-20, SRC-20, LTC-20, and DRC-20 tokens, then INORU is your best bet. We are a leading provider of token development services and have a critical experience in the blockchain and web3 industry. Our service caters to entrepreneurs, startup companies, and established businesses from all over the world.

Our team of experts will provide extensive services on BRC-20, SRC-20, LTC-20, and DRC-20 token development on the blockchain. Our expert team of blockchain developers is well-versed in creating tokens and deploying them on your desired blockchain network. 

We understand the importance of security and privacy when it comes to developing a token. Hence, all our services come with a security audit and a privacy policy to ensure a secure and reliable token development service. We also provide the necessary support for token migration and token trading.

Our extensive team offers a wide range of services, such as wallet development, smart contract creation, API integration, token launch, and token marketing. Try INORU for your token development needs if you want a pioneering service. We provide the best quality services at competitive prices and guarantee customer satisfaction. We are always available to answer any questions and provide the necessary support. 

The post BRC-20 vs SRC-20 vs LTC-20 vs DRC-20 : All You need to know appeared first on Inoru.

The Journey Of Litecoin Blockchain – What’s All The Hype Around It?

Since its launch in 2011, the Litecoin blockchain network has been evolving and improving significantly. Created as a lightweight version of Bitcoin, Litecoin has implemented the Scrypt hashing algorithm to promote broader mining accessibility. In 2017, Litecoin adopted Segregated Witness (SegWit) to enhance scalability and transaction speed. It also became one of the first cryptocurrencies to test the Lightning Network, enabling faster off-chain transactions successfully. 

Additionally, the Litecoin network announced the integration of MimbleWimble (MW) in 2021, aiming to enhance privacy and fungibility through features like confidential transactions. In 2022, Taproot was activated on the Litecoin network for security and privacy improvement, which makes Litecoin transactions more efficient. In 2023, Casey Rodarmor created the Litecoin Ordinal protocol, which allows users to add text and imagery to the Litecoin network through the inscription process. 

Now with the rise of the LTC-20 token standard, the Litecoin network has been experiencing an inclining rate of transactions. According to BitInfoCharts, this network has made 585,000 transactions in 24 hours recently, marking a 500% spike up, and has surpassed Litecoin’s previous record of reaching 225,000 transactions back in January 2018. Also, according to LunarCrush, the daily social media engagements with Litecoin have also increased by 220%, reaching 35 million. 

LTC-20 Token Development – A Brief Introduction

In the official documentation of the LTC-20 token standard, it is described as a “fun experiment” that demonstrates the ability to create off-chain balance states with inscriptions on the Litecoin network. According to a tweet by Litecoin Punks, the first LTC-20 tokens are about 20% minted, with 4,000 tokens inscribed for each punk holder. 

As one of the oldest cryptocurrencies in the market, Litecoin continues to hold significant influence. With this new LTC-20 token standard in the town, the Litecoin community is excited and enthusiastic about its possibilities. The idea behind this token standard is to see whether the ordinal theory can support fungibility on the Litecoin network. The users can create an LTC-20 token with a deploy function and mint a selected number of tokens with the mint function and use the transfer function to transfer a particular amount of LTC-20 tokens.

Advantages Of LTC-20 Tokens – Why Engage In LTC-20 Token Development?

As the LTC-20 tokens are created on the Litecoin blockchain, they possess the beneficial factors of the Litecoin network. Some of the highlighting benefits of this token include

• Efficiency

LTC-20 tokens are more efficient than other types of tokens as they are built on the Litecoin blockchain. Litecoin transactions are typically confirmed within seconds, and the transaction fees are much lower than on Ethereum.

• Scalability

The Litecoin network can process 54 TPS and is known for its fast and scalable transactions. The LTC-20 engrosses the high scalability feature of the Litecoin network. 

• Security

The Litecoin blockchain is more secure, and the LTC-20 tokens exhibit this perk as well. Litecoin uses a more secure Proof-of-Work consensus mechanism, and it has a longer and more established track record of security.

• Compatibility

As these tokens are created on the Litecoin network, they are compatible with the Litecoin ecosystem. This means that LTC-20 tokens can be used to pay for goods and services on Litecoin-enabled merchants, and they can be used for transactions in decentralized applications (dApps) built on the Litecoin protocol.

Our Expert Approach To Your LTC-20 Token Development

INORU is packed with industry-leading blockchain experts to check off the requirements of your blockchain venture. By executing a well-structured plan for your LTC-20 token creation, our experts employ the necessary tools from our advanced tech stacks and lead an effective development process. 

We identify and understand your needs in the creation of LTC-20 tokens to meet your needs with our services. With in-depth research and analysis of the LTC-20 token and the Litecoin market, we devise a strategic plan for your token creation. Then, our experts will start minting your LTC-20 tokens on the Litecoin network and assist you effectively in deploying them. 

Why INORU Is The Right Place For Your LTC-20 Token Development?

INORU has gained its spotlight in the blockchain industry by offering myriad services that cater to the needs of our clients. Our tailored solutions and packages are assured to bring remarkable results in your blockchain venture. As we have almost a decade of expertise in blockchain technology and the market, our experts are renowned for staying up-to-date with the trending advancements in this industry. 

Partaking in the trending developments in the Litecoin blockchain, LTC-20 token development, with our expert assistance, you can secure your remunerative venture in the blockchain verse. We offer prominent pre and post-development services to make your experience in the LTC-20 token creative excellent. Hire our comprehensive LTC-20 token development services to thrive in this competitive market now!

The post LTC 20 Token Development: Move Up The Crypto Market Ladder By Engaging In This Fun Experiment appeared first on Inoru.