The world of cryptocurrency can be full of acronyms! DRC-20 is a technical standard that allows developers to create new tokens on the Dogecoin network. Think of it as a set of instructions that makes it easy to build new applications and functionalities on top of Dogecoin, similar to how ERC-20 works on the Ethereum network.
Here's the benefit of DRC-20:
More Uses for Dogecoin: By allowing developers to create new tokens, DRC-20 potentially opens up Dogecoin to a wider range of uses beyond just being a currency.
It's important to remember that DRC-20 is a relatively new standard, and it remains to be seen how widely adopted it will become.
