SATS is a token introduced in March 2023, developed under the BRC-20 standard using the Ordinals protocol on the Bitcoin network. This protocol assigns unique identifiers to satoshis, allowing for the creation of interchangeable tokens. The BRC-20 standard facilitates deploying, minting, and transferring these tokens, with fees that vary based on Bitcoin's fee rate. Unlike ERC-20 tokens, BRC-20 tokens, including SATS, do not support smart contracts but are being explored for uses such as microtransactions and decentralized finance. SATS are derived from "Satoshis," the smallest unit of Bitcoin.

Deploying and minting SATS

Deploying SATS BRC-20 tokens involves recording their metadata onto the Bitcoin blockchain in JSON format. This metadata typically includes the protocol type, operational functions, token symbol, supply limits, minting limits, and decimal places. The minting process aims to generate a specified number of tokens through JSON inscriptions. Once verified by the network, these tokens are assigned to the creator's address, similar to how transactions are processed.