Several Exchanges Join UniSat Wallet to Support BRC-20 Ordinals Jubilee Upgrade
Multiple crypto exchanges, including KuCoin and OKX, have announced their support for the upcoming BRC-20 Ordinals Jubilee upgrade. Both platforms will temporarily suspend deposits and withdrawals of BRC-20 tokens during the upgrade to ensure network stability.
The Ordinals Jubilee Upgrade
The Ordinals Jubilee upgrade aims to address the issue of cursed inscriptions that were not recognized by the Ordinal protocol. This upgrade will reclassify these inscriptions and enable the development and governance of the protocol.
A Split Community
There has been a dispute within the Bitcoin developer community regarding the potential effects of the Jubilee upgrade on the BRC-20 network. The upgrade may cause a split in the network, diverging it into different sets with different rules.
UniSat Wallet, the solutions provider, has taken steps to prevent this split, deviating from an initial agreement with other parties. However, the founder of BRC-20, Domo, has accused UniSat of attempting to gain control of the protocol without proper testing and coordination.
The Resolution
In a surprising development, Domo, UniSat, and all affected parties have reached a solution. They have decided to adopt the Ord 0.14 version, ensuring that BRC-20 will follow the Ordinals upgrade and remain part of the protocol. Certain proposed changes will be temporarily ignored, and extreme cases raised in the Vindication PR will be addressed separately.
Hot Take: Agreement Reached to Avoid Split in BRC-20 Network
A resolution has been reached among key stakeholders to prevent a split in the BRC-20 network caused by the upcoming Ordinals Jubilee upgrade. This agreement ensures that BRC-20 will follow the upgrade and remain part of the protocol. By adopting the Ord 0.14 version, the community aims to maintain stability and avoid potential conflicts. While concerns were raised about UniSat’s intentions and the risks associated with integrating new updates without sufficient testing, the parties involved have come together to find a solution. This outcome reflects a commitment to collaboration and consensus-building within the crypto community.
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