Domo, the creator of BRC-20 Protocol (Bitcoin Request for comment 20), has announced that his non-profit foundation will now be dedicated to the governance and administration of BRC-20 protocol. This organization is known as the Layer 1 Foundation Ordinals, such as (L1F) will be collaborating with L1F Unisat The following are some examples of how to get started: Best In Slot According to a release sent to Bitcoin Magazine, the team will oversee the maintenance of the protocol.
“The goal is to support the growth of Bitcoin metaprotocols on Ordinals and beyond,” Domo is the BRC-20 Creator. “BRC-20 was an early experiment—but we’re seeing a wave of standards that need tools, infrastructure and support to thrive. We hope to support innovation on Bitcoin in a fair and market-neutral capacity.”
Unisat has appointed Best In Slot as the co-lead maintenance of the BRC-20 Protocol and its Indexer. governance guidelines L1F has set the standard. Unisat is known for creating the first BRC-20 indicator in partnership with Domo. It has played a crucial role in listing BRC-20 tokens that recently reached a value of $5 billion.
Best In Slot was motivated by concerns over the risks that come with a centralized indexer to develop a BRC-20 solution. The two companies are working together. work As co-maintainers, they will advance the decentralization and the BRC-20 indexer.
Domo also appointed five Ordinals to the L1F Oversight Committee. This committee is responsible for enforcing the governance guidelines of the BRC-20 Standard. These companies include Hiro and Allium as well as ALEX, Oyl Dynamics and UTXO Management. They are major players in the BRC-20 eco-system.
The Layer 1 Foundation is a 501(c), non-profit organization that aims to promote the development of Bitcoin metaprotocols beyond BRC-20. It aims to provide educational tools and resources to developers in Bitcoin-native eco-systems, in an effort to foster innovation on a fair basis.
Disclaimer: BTC Inc. (UTXO Management) is also the parent of Bitcoin Magazine. UTXO Management is a separate and independent company from Bitcoin Magazine.
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Source: bitcoinmagazine.com
