The Bitcoin network has been whipped into a frenzy by a new token standard known as BRC-20. But amid the hype and excitement it has unleashed, I’m deeply concerned that this new breed of crypto assets is going to drag Bitcoin deep into the mud.

This week indeed has the skyrocketing transactions of BRC-20 tokens as one of the reasons the Bitcoin network experienced massive congestion amid rising fees.

BRC-20 tokens have created a frenzy over the last few days. Users are pouring BTC to mint the token that is settled on the Bitcoin Blockchain via Ordinals inscription.

Mintlayer, a Bitcoin sidechain, has revealed that its grants initiative is now accepting applications. The grants are available in $ML tokens, and at the time of publication, there are $4 million worth of these tokens available.

A sidechain known as Mintlayer which will allow users to build a decentralized finance (DeFi) ecosystem on top of the Bitcoin (BTC) blockchain has revealed that applications are now being accepted for its grants initiative.

Mintlayer, a pioneering second-layer sidechain in the Bitcoin (BTC) ecosystem, shares the details of its first grant program designed to support early-stage DeFi developers. Read more on U.Today https://u.today/bitcoin-btc-sidechain-mintlayer-introduces-4-million-grant-program