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Bitcoin News

BRC-20 Protocol Developer Proposes Fraction Function

The BRC-20 protocol incorporates the fraction function directly, enforcing specific validity criteria on transfers.

Written By Jalpa Bhavsar
Published November 4, 2023 4:40 PM
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BRC-20 Protocol Developer Proposes Fraction Function

The anonymous founder of BRC-20, Demo, recently proposed that the BRC-20 protocol could implement a new fundamental function called fraction, which will enhance token transactions for all users.

The fraction function’s primary goal is to prevent unauthorized transfer inscriptions that can interfere with tokens and user actions. Since simplicity is the cornerstone of the BRC-20 standard, adding a second core function was carefully considered.

With the help of the current BRC-20 protocol, anyone can generate transfer inscriptions to any address. The use of inscription tools is made possible by this accessibility, but it also allows potentially disruptive actors to sabotage users’ balances and disrupt their operations.

For the solution to this problem, the BRC-20 protocol incorporates the fraction function directly, enforcing specific validity criteria on transfers. Making such annoyances more difficult and expensive to carry out is the goal of this approach, which aims to discourage attackers.

The fraction function is not well suited for modular implementation because it is meant to be a fundamental component of the BRC-20 protocol. It will establish the minimal padding needed to create a legitimate transfer inscription, and the acceptable range for transfer amounts.

Also Read: BRC-69 Standard Removes Data Limit on Bitcoin Ordinals

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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