SCOOP: UniSat Wallet, the largest Bitcoin Ordinals and brc-20 service provider, is raising funds for a 50 million valuation, and some investors are finalized. Binance Labs is in communication. The UniSat team is experienced in BSV development. Confirmed by several…
— Wu Blockchain (@WuBlockchain) Jul 24, 2023
The UniSat team is known to have experience developing BSV. BSV (Bitcoin Satoshi Vision) is a cryptocurrency created to restore the original Bitcoin protocol as conceived by Satoshi Nakamoto, its creator. Bitcoin SV aims to achieve several critical features mentioned in Nakamoto’s original white paper that are still missing from Bitcoin.
At first glance, the most noticeable difference between BTC (Bitcoin Core) and BSV (Bitcoin Satoshi Vision) is the choice of block size. While BTC emphasized small blocks (one megabyte per block), BSV opted for large blocks, ultimately offering unlimited block sizes.
While BSV is believed to have significant growth potential, the network is still in its early stages of development.
According to Dune’s datasheet, the transaction volume and transaction time of Unisat Wallet on the Bitcoin Ordinals trading market currently accounts for about 10%~20%, and the total number of unique users is about 60,000.
Source: Dune analysis
Recently, UniSat wallet launched brc20-swap, Ordinals’ first-ever native swap. Any user can deploy new trading pairs to add liquidity to the swap. brc20-swap is designed to be technically compatible with existing brc20 variants.
UniSat said brc20-swap is designed to allow developers to independently deploy versions of the brc20-swap service and will continue to provide source code, APIs and documentation to help developers build their Swap platform on it.
It is rumored that OKX is not currently participating and that the two sides have worked more closely together in the early stages, but OKX has launched similar competitive products.
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