tl;dr

A potential conflict has arisen in the Bitcoin developer community due to a proposed change in the BRC-20 standard. UniSat, a major marketplace for BRC-20 tokens, plans to follow the Ordinals Jubilee upgrade despite opposition from its creator, Domo. This could lead to conflicting BRC-20 standards, ...

A potential conflict has arisen in the Bitcoin developer community due to a proposed change in the BRC-20 standard. UniSat, a major marketplace for BRC-20 tokens, plans to follow the Ordinals Jubilee upgrade despite opposition from its creator, Domo. This could lead to conflicting BRC-20 standards, with Domo suggesting the standard should be frozen at version 0.9. UniSat claims its actions would not constitute a fork but a split, intertwining different sets of rules on the same blockchain, a move that Domo opposes.

A potential conflict emerged in the Bitcoin developer community on Tuesday after UniSat, one of the largest marketplaces for BRC-20 tokens, said it will follow a proposed change in the standard that's opposed by Domo, its pseudonymous creator. UniSat will "follow the Ordinals Jubilee upgrade, to confirm that BRC-20 is still on Ordinals without splitting into an isolated protocol," it said in a post on X (formerly Twitter). BRC-20 is a token standard on the Bitcoin network introduced last April that allows users to issue transferrable tokens in the form of inscriptions on small denominations of BTC. The tokens, also known as inscriptions, function on the Ordinals Protocol. UniSat's stance could lead to conflicting BRC-20 standards. In October, Domo suggested BRC-20 should not follow the upgrade of the Ordinals protocol, but be frozen at version 0.9.

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Disclaimer

The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.
 22 Nov 24
 22 Nov 24
 22 Nov 24