🐶DRC-20

DRC-20 is a standardized protocol for fungible tokens based on the Cardinals protocol. As of now, besides BTC and LTC, only Dogecoin is capable of implementing the UTXO model functionality. The protocol was officially released by the Dogecoin community Dogewow on May 9th. As a novel experiment on the Cardinals protocol, DRC-20 aims to explore the potential of asset tokenization on the Dogecoin blockchain.

In Dogecoin, the smallest indivisible unit is defined as an "Elon," where 1 Dogecoin equals 100,000,000 Elons.

The core features of the DRC-20 Cardinals protocol tokens are:

• Utilizing the Cardinals theory, token information is embedded into the smallest unit of the Dogecoin network (Elon), enabling the storage and transfer of non-native tokens within the Dogecoin network.

• The code is concise, containing only three or four functions: deployment, minting, and transfer.

• Transaction fees are low, requiring only the handling fees of the Dogecoin network.

• High security, with all inscription ledgers stored on the blockchain.

• Strong consensus, inherent meme attributes, and high spreadability.

• Standardization and interoperability, building on the development of the BRC-20 protocol, the protocol itself has been optimized for uniformity in rules and formats and compatibility with other protocols.

• Ecosystem support, with collaborations already in place with wallets, social plugins, etc., providing support for liquidity.

• Clear value, not dependent on market sentiment and hype, focusing more on the development of a diverse financial ecosystem.

Cardinal theory can facilitate fungibility on dogecoin

Create a drc-20 with the deploy function
Mint an amount of drc-20's with the mint function
Transfer an amount of drc-20's with the transfer function.