Domo introduces BRC-20
Domo's experimental BRC-20 convention used Ordinals inscriptions containing JSON data to represent deploy, mint and transfer operations for fungible tokens. The balances were not enforced by Bitcoin consensus; external indexers interpreted the inscriptions, a design that later generated large amounts of on-chain transaction demand.
Domo's experimental BRC-20 convention used Ordinals inscriptions containing JSON data to represent deploy, mint and transfer operations for fungible tokens. The balances were not enforced by Bitcoin consensus; external indexers interpreted the inscriptions, a design that later generated large amounts of on-chain transaction demand.
The technical stage matters: the work concerned direct use of Bitcoin Ordinals/inscriptions, but publication or BIP status did not by itself activate a consensus change. Its importance came from formalizing a design that developers and users could examine, implement, or build on.
The Bitcoin connection ran through use of Bitcoin Ordinals/inscriptions. Experimental standard later caused measurable Bitcoin network/fee consequences; historically consequential despite being indexer-based.
May congestion; Nov fee resurgence.