BRC-20 creator UniSat wants to stop the fork
On January 2, X (formerly Twitter) user Domo, the creator of the Bitcoin BRC-20 token standard, said that he opposes the upcoming fork proposed by UniSat Wallet.
“I believe it is reckless to rush these updates with BRC20,” Domo said.[They] Ignore peer pointers and it may harm the wider BRC20 users.
Recognizing the serious implications and evaluations involved, I believe that rushing these updates to BRC20 is careless, ignores peer indicators and may harm the wider community of BRC20 users. The 0.8/0.9 incident highlighted the complexities of merging… https://t.co/RccP7bYdVY
— Domo (@domodata) January 2, 2024
The developer highlighted recent bugs related to Ordinals 0.8 and 0.9 updates as part of the complexities of integrating new updates into the BRC-20 standard. “It is clear that these changes may not be safe to integrate without the robust testing, coordination and validation infrastructure currently being developed,” Domo wrote as part of Unisat's ongoing strategy to gain control over the proposed fork. of the protocol”
UniSat has clarified that the proposed “fork” is actually a “split” that separates BRC-20 version 0.9 assets from the upcoming Ordinals Jubilee update “into different clusters with different rules, but still residing in the same physical blockchain.” “UniSat will follow the Ordinals Jubilee update, to ensure that BRC-20 is still ordinal without splitting into an independent protocol,” developers teased in a new white paper detailing the protocol updates to be released on January 31.
We were asked: What do you mean by ‘split'? Can you expand it?
It's actually a good question. The reason we use the word ‘split' is because it is much harder to deal with than ‘fork'.
A ‘fork' is a stream that physically divides into two streams, which diverge into their own…
– UniSat Wallet – storage, writing and searching. (@unisat_wallet) January 2, 2024
BRC-20 tokens have risen in popularity as one of the biggest technological breakthroughs in Bitcoin history. Bitcoin Ordinals is a numbering system that assigns a unique number to each satoshi, or 1/100 millionth of a Bitcoin (BTC), which allows tracking and transfer. Combined with a writing process that adds data coverage to each satoshi, users can mine unique digital assets on the Bitcoin blockchain.
Related: Wallet Providers Announce BRC-20 Token Support Despite Market Decline
Developer Casey Rodermore created the Bitcoin Ordinals system in January 2023, prompting the creation of the BRC-20 token standard by Domo in March 2023. Currently, BRC-20 tokens hold a total market capitalization of $1.76 billion.
