What's wrong with the brc-20 token standard?

The BRC-20 token standard is currently an experiment by programmers to facilitate fungibility on the Bitcoin blockchain. As it's still being tested, many things could go wrong. Despite the hype, BRC-20 tokens have little utility at present. The outlook is also highly questionable.

What is brc-20 & how does it work?

Short story: BRC-20, an attempt at adding fungible use cases to the Bitcoin base layer immediately after the Ordinals protocol, made Bitcoin NFTs an overnight sensation. Long story: BRC-20 attempts to be a token standard, similar to what ERC-20 is for Ethereum.

Are Ordi & Piza a brc-20 token?

Do note that the ORDI token with ID #1 is the first BRC-20 token to be minted. And there are a few other interesting names as well, including Piza — which derives its name from the Pizza meme. While there is an ongoing debate encompassing the entire crypto community about the need, relevance, and even the benefits of the BRC-20 tokens.