UniSat has released an important update related to its Swap product. For the past six months, the team has been working with L1F to advance the standardization of L1 (Bitcoin mainnet) brc20-swap as part of the brc-20 standard upgrade. The standardization process for swap has taken longer than expected due to the need for coordination among multiple teams. The team is actively seeking ways to improve this situation and increase delivery certainty.
In addition to advancing the standardization of swap, the team has also made progress in systematically scaling Bitcoin through an approach called Fractal Bitcoin. Given the current progress, the team is very confident in delivering Fractal Bitcoin in September. On Fractal Bitcoin, the official will provide a swap product with the same functionality as the mainnet swap module, Fractal Swap, ensuring that projects on Fractal Bitcoin have good liquidity from the outset. In subsequent iterations, BTC and other mainnet assets can also exist on Fractal Bitcoin as brc-20 encapsulated assets, providing greater flexibility. The release date of Swap on L1 is yet to be further confirmed, while Fractal Swap is scheduled to go live in September.
UniSat: Most of the development work on L1 Swap has been completed, and Fractal Swap is scheduled to go live in September
2024-07-07 14:25:19
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