What is the inscription balance?
The inscription balance is the total amount of UTXO that holds Bitcoin NFTs or BRC20 tokens. When the inscription balance is sent, these assets will also be transferred together.
What are Bitcoin NFTs and BRC20 tokens？
Bitcoin NFTs are non-fungible tokens on the Bitcoin blockchain. They are created through an inscription process using the Ordinals protocol. Each Bitcoin NFT has a serial number, or ordinal, that is imprinted on a single satoshi. This unique number makes each of these digital assets rare and valuable.
BRC-20 uses ordinal inscription and is an experimental token standard. It was launched by an anonymous developer Domo on March 09, 2023. BRC-20 tokens are fungible tokens that are native to Bitcoin. Interestingly, unlike popular token standards on EVM blockchains, the BRC-20 standard does not use smart contracts; instead, it allows users to store a script file on Bitcoin and use that to associate tokens with specific satoshis. To deploy, mint, and transfer tokens, users can use BRC-20 tokens, which embed JSON data into ordinal inscriptions.
When there is an inscription balance, what should be considered during a transfer？
1. Some projects occasionally airdropping Bitcoin NFTs or BRC20 tokens to users indiscriminately, which hold no value. If you haven't acquired these assets voluntarily, please simply ignore the inscription balance when transferring BTC. This will not cause any loss of your BTC value.
2. Safepal currently does not support transferring the balance other than inscription balance. If you do not want your Bitcoin NFTs and BRC20 assets to be transferred, please transfer them to your other address before sending BTC.
How to transfer Bitcoin NFTs or BRC20 tokens?
For BRC20 token transfer, please update SafePal App to V4.3.0 or above.
SafePal currently does not support transferring Bitcoin NFTs. You need to use dedicated wallets to transfer these assets, such as Ordinals wallet, Hiro Wallet, Xverse...