anyone knowledgeable about BRC20 tokens? i don't understand what makes BRC20 secure since anyone can inscribe anything on any sat

Jan 4, 2024, 8:18 AM
Am here
Jan 4, 2024, 8:55 AM
Explain here senpai
I'm curious too about those useless things
Jan 4, 2024, 9:06 AM
😂😂 Nothing hurts me more than seeing these useless things make millionaires while I stay broke and hopeful
Jan 4, 2024, 9:22 AM
so what makes brc20 "secure" in the sense that they are just inscribed json? what prevents me from transfering more tokens than i own?
Jan 4, 2024, 9:31 AM
+
Jan 4, 2024, 9:43 AM
can't find good technical ressources on brc20
Jan 4, 2024, 9:55 AM
Sorry I was not online before
BRC-20 tokens, often inscribed in JSON format, rely on smart contract functionality to ensure secure transactions. The smart contract contains logic to verify ownership before allowing token transfers. Attempting to transfer more tokens than you own would trigger the contract's validation, preventing unauthorized transactions and ensuring the security of token transfers.
Is this helpful?
You can DM if there are other questions
Jan 4, 2024, 10:47 AM
it's just that i don't understand, what smart contracts? since btc does not support smart contracts
thanks for the answer tho
Jan 4, 2024, 10:53 AM
That's not helpful
And you can talk here instead of DMs, it will help everyone
Jan 4, 2024, 1:07 PM

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