A recent report has highlighted the exceptional qualities of the SRC20 protocol, asserting its superiority over other protocols operating on the Bitcoin network. The study conducted by Universelle consultancy firm revealed that the SRC20 protocol possesses unparalleled data permanence, making it a standout choice for long-term projects and investments.
In terms of user-friendliness, the report found that the SRC20 protocol surpassed Runes and BRC20, as it eliminates the need for transfer inscriptions or splitting UTXOs. While BRC20 and Runes currently have a higher level of infrastructure and wallet support, the SRC20 protocol is rapidly closing the gap.
In the funding arena, SRC20-based projects have attracted between $5 million and $10 million in venture capital investment, slightly lower than the $20 million garnered by BRC20. However, the Universelle analysis predicts that capital inflow into SRC20 tokens will increase as acceptance and adoption grow.
The Universelle report also highlights influencer and community support as crucial factors that will drive adoption and maintain SRC20's relevance in the competitive crypto space. Angel Haro, co-founder of Universelle, emphasized the protocol's resilience, pointing to its zero losses and burns as evidence of its strength.
Haro stated, "Having witnessed the potential of the SRC20 protocol within the ordinals and EVM ecosystems, we recognized its superior permanence. Unlike other protocols that have experienced losses, not a single token has been burned, lost, or erased within the SRC20 ecosystem."
He further emphasized the importance of permanence and security in the sustainable and reliable development of cryptocurrency. Despite its current undervaluation in the market, the Universelle report asserts that the SRC20 protocol's inherent permanence positions it as a highly secure and resilient choice.
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