The latest use case for the ordinal protocol has emerged in the form of the BRC-20 token standard on Bitcoin, a play on Ethereum's ERC-20 token standard. BRC-20 is an experimental fungible token created using ordinals and inscriptions and saved on the Bitcoin base chain. The BRC-20 token standard is not like other token standards, such as those created using EVM chains; it simply stores a script file in Bitcoin and uses it to attribute tokens to satoshis, allowing them to move from one user to another. While the BRC-20 token may drive demand for Bitcoin, it could also lead to unsuspecting investors purchasing useless metadata that only select wallets bother to translate into human-readable content. The BRC-20 creator has noted that the tokens are just an experiment and not intended to be worth anything, though degen speculators may see it differently.

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