Controversy Surrounding UniSat's Planned Update of Bitcoin Ordinals Protocol Raises Concerns for BRC 20 Users

to action comes in response to concerns raised by the community regarding the upcoming Ordinals update proposed by UniSat. While UniSat claims that the update will confirm that BRC 20 remains on Ordinals without splitting into an isolated protocol, Domo, the creator of the BRC 20 standard, has expressed serious reservations about the plan.

Safety Concerns and Potential Bugs Domo has asserted that the planned update by UniSat is not only unsafe but also effectively a fork of the BRC 20 protocol. This raises concerns about potential bugs and the possibility of giving UniSat too much control over the protocol. These concerns are not to be taken lightly, as any updates made to a protocol as widely used as BRC 20 have the potential to impact the broader community of BRC 20 users.

Disregard for Peer Indexers and Community Domo further argues that rushing these updates in BRC 20 is reckless and disregards the role of peer indexers. Peer indexers play a crucial role in ensuring the security and stability of the protocol. Their exclusion from the decision-making process could have negative consequences for the broader community.

UniSat's Response and Criticisms UniSat, in response to Domo's concerns, has stated that the "isolated protocol" they referred to in their tweet is not the BRC 20 standard introduced by Domo. However, critics of UniSat's plans argue otherwise, claiming that the company's proposed update is indeed a deviation from the standard introduced by Domo earlier this year.

The Layer 1 Foundation In light of these concerns, Domo, along with Bitcoin Ordinals aggregator BestinSlot and Bitcoin wallet developer Oyl Dymanics, has announced the launch of the Layer 1 foundation. This non-profit organization is dedicated to ensuring that the BRC 20 standard remains free from centralized corporate control. The foundation also aims to maintain an indexer that will safeguard the safety of all funds held within BRC 20 assets.

In summary, the upcoming Ordinals update proposed by UniSat has raised serious concerns within the BRC 20 community. While UniSat claims that the update will ensure BRC 20 remains on Ordinals without splitting into an isolated protocol, the creator of the BRC 20 standard, Domo, has expressed reservations. The Layer 1 foundation, launched by Domo and other industry players, aims to address these concerns and maintain the integrity of the BRC 20 standard. The community awaits further developments and the release of UniSat's whitepaper on January 31st to gain a clearer understanding of the proposed update and its potential implications.