SRC-20 tokens
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What Are SRC-20 Tokens?
SRC-20 tokens are fungible tokens built on Bitcoin using the Bitcoin Stamps protocol. Fungible means each token is the same as any other token of its kind. SRC-20 was introduced in 2023 as a token standard for Stamps. This list ranks SRC-20 tokens by market cap, with live prices and 24h changes.
Quick Facts
- Full name: SRC-20 is the token standard of Bitcoin Stamps.
- Blockchain: Bitcoin.
- Introduced: 2023.
- Data storage: Token data is written into Bitcoin transaction outputs.
- Basic actions: Deploy, mint and transfer.
- Examples: STAMP and KEVIN.
How SRC-20 Works
Bitcoin Stamps write data straight into Bitcoin transaction outputs. Because of this, the data becomes part of the set of unspent outputs that every full Bitcoin node keeps. Supporters say this makes the data very hard to remove or prune.
An SRC-20 token starts with a deploy action. It sets the token name, the maximum supply and the mint limit. People can then mint tokens until the supply runs out. Holders move tokens with transfer actions. Special indexers read these actions from the Bitcoin blockchain and track who owns what.
The name SRC-20 echoes Ethereum's ERC-20 standard. The two are not related in code. ERC-20 runs on smart contracts, while SRC-20 relies on data stored on Bitcoin and read by indexers.
SRC-20 vs BRC-20
Both are token standards on Bitcoin, and both rely on indexers. BRC-20 uses Ordinals inscriptions, which store data in the witness part of a transaction. SRC-20 stores data in transaction outputs instead. This tends to make SRC-20 transactions more expensive, but the data is harder to prune from nodes.
Risks
SRC-20 is a small and young standard. Many tokens have low liquidity and trade on few platforms. Balances depend on indexers, so wallet and marketplace support can be limited. Fees on Bitcoin can be high when the network is busy. Check the token and the platform carefully before you trade.
Related Lists
Frequently Asked Questions
- What is SRC-20?
SRC-20 is a token standard for creating fungible tokens on Bitcoin through the Bitcoin Stamps protocol. It was introduced in 2023. Token data is written into Bitcoin transaction outputs, and indexers read this data to track balances. SRC-20 supports three basic actions: deploy a token, mint new tokens and transfer them between wallets.
- What are Bitcoin Stamps?
Bitcoin Stamps are a way to store data, such as images or token records, directly on the Bitcoin blockchain. The data is written into transaction outputs, so full nodes keep it as part of their data set. SRC-20 tokens are built on Stamps, which is why the two names often appear together.
- How do SRC-20 tokens work?
An SRC-20 token is created with a deploy action that sets its name, supply and mint limit. Anyone can then mint until the supply is reached. Holders send tokens with transfer actions. All of these actions are stored on Bitcoin, and indexers read them to show balances in wallets and on marketplaces.
- What is the difference between SRC-20 and BRC-20?
Both SRC-20 and BRC-20 are token standards on Bitcoin that rely on indexers. BRC-20 uses Ordinals inscriptions stored in the witness part of a transaction. SRC-20 uses Bitcoin Stamps, which store data in transaction outputs. SRC-20 transactions often cost more, but the data is harder for nodes to prune.
- How do I buy SRC-20 tokens?
You can buy SRC-20 tokens on marketplaces and exchanges that support Bitcoin Stamps. You need a Bitcoin wallet that can show SRC-20 balances. Click a token in the list above to see where it trades. Check the exact token name before you buy, because different tokens can look very similar.
- Is SRC-20 the same as ERC-20?
No, SRC-20 is not the same as ERC-20. ERC-20 is the token standard for smart contracts on Ethereum. SRC-20 is a token standard on Bitcoin that stores data in transactions and uses indexers. The similar name is a nod to ERC-20, but the technology and the blockchain are different.