TLDR Crypto · INNOVATION & LAUNCHES

ORC-20 > BRC-20?

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Summary from the TLDR Crypto newsletter

The ORC-20 token standard, created by OrcDAO, is aiming to improve scalability issues that could hinder the BRC-20 standard by reducing transaction costs. ORC-20's operations or capabilities include Deploying, Minting, Sending, and Canceling, and it allows changes to a token’s properties, multi-recipient sending, and cancellation of partial transactions. It also features Orc Improvement Proposals (OIPs), aimed at further enhancing efficiency and functionality. While ORC-20 brings more features, BRC-20 already benefits from strong network effects, so it is tough to say which one will ultimately prevail as the standard.