That Orange Square on Your Timeline 🟧
All eyes on Bitcoin token standard BRC-20 with the recent launch of $OXBT. Are BRC-20 tokens all memes or is this an opportunity for real Bitcoin builders?
Shortly after the recent launch of orange-squared BRC-20 token $OXBT, created by BitGod, Bitcoin Twitter showed support by swapping out their profile pictures for a similar colored background. Together with new BRC-20 tokens launching every day and Bitcoin inscriptions reaching the 10 Million milestone, $OXBT showed that Bitcoin backed tokens are far from done. But what about scalability issues, use cases, and real tokenomics? Let’s go over this week’s highlights for Bitcoin builders.
BRC-20 & $OXBT
BitGod releases OXBT token under the banner of “Redacted BTC NFT”, taking crypto Twitter by storm with CoinMarketCap, CoinGecko and others listing the new Bitcoin backed token.
Bitcoin DeFi Protocol ALEX lists OXBT on their Bitcoin Layer 2 trading solution, enabling scalable trading for BRC-20 tokens.
📢 Bitcoin Builders Watch: ALEX opened up their application form for BRC-20 token listing requests.
Stably, together with Unisat Wallet, announces the world’s first USD Stablecoin on the Bitcoin network via the BRC-20 token standard.
Bitcoin wallet Xverse partners with Unisat to enable BRC-20 minting and trading.
❓ How does ALEX’ Bitcoin L2 solution for BRC-20 token trading work?
Layer 2 Solutions
After his recent announcement during the Bitcoin Conference in Miami, Burak shares a blog post on his second-layer protocol solution “Ark” for making cheap, anonymous, off chain Bitcoin payments.
sBTC Product Lead Andre Serrano releases website for new 100% Bitcoin secured decentralized layer 2 scaling solution sBTC.
Boltz releases Lightning <> Liquid atomic swap service to rebalance Lightning channels with Liquid or stack sats via L-BTC to avoid high mainchain fees.
📢 Bitcoin Builders Watch: Walletano introduces Lightning Network suite of tools and resources for businesses and entrepreneurs seeking to integrate Lightning Network Bitcoin payments.
🔨 LN Capital’s Henrik Skogstrom’s LN testing toolkit called scaling Lightning
More Stories
📢 Bitcoin Builders Watch: After their announcement during the Bitcoin Conference, NFT Marketplace Gamma now publicly releases descending price auctions for Bitcoin NFTs & Ordinals, providing a new effective bidding tool for artists and creators.
Trust Machines celebrating 10,000,000 inscriptions, thanking Casey for creating Ordinals and Domo for creating the BRC-20 Bitcoin token standard.
The world’s widely used Stablecoin Tether will start mining Bitcoin in Uruguay.
Hardware wallet Ledger integrates Rootstock’s $RBTC