BRC20 Strategic Partnership to Release First BRC20 Focussed L2 Ecosystem

BRC20.com are pleased to announce a strategic partnership with Unigraph to bring the first fully EVM compatible decentralised L2 to the Bitcoin community. 

Through this partnership, BRC20.com will work with Unigraph to create a BRC20 focused rollup and ecosystem, whilst Unigraph will provide the infrastructure for the trustless bridging of BRC20 tokens to the new L2 network.

BRC20.com will then deploy its IFO and launchpad technology on top of the new L2 network, as well as additional infrastructure to build out a full ecosystem, with all data being posted back to the Bitcoin network.

Technology

The technology behind the trustless bridge will be enabled through Unigraph’s node network, which will allow the BRC20.com team to deploy a trustless, sharded wallet infrastructure to allow a non-custodial bridge to be built to securely hold tokens bridged to the L2. 

The L2 network will operate on the basis of a Delegated Proof of Stake (DPoS) consensus mechanism and will be based on the Ethereum Virtual Machine (EVM) framework meaning users will be able to utilise EVM-based wallets, such as MetaMask, and developers will be able to create and deploy smart contracts on the network.

Why an L2 is needed

With the rise in popularity of BRC20 tokens, ordinals, and other emerging token standards, gas prices on Bitcoin have soared with many users being priced out of utilising the L1 network and the mempool being clogged with stuck transactions. By utilising a decentralised L2 network, the transaction load on the Bitcoin L1 will be drastically reduced, whilst transaction fees on the L2 network will be minimal.

Node Operator

As part of the partnership, the BRC20.com team will assist in the decentralisation of Unigraph’s node network by operating a node itself and onboarding additional node operators from the team’s extensive network, including UTXO fund and other key investors in BRC20.com. This allows the network to maintain a high level of security, whilst ensuring low transaction costs - opening up the Bitcoin ecosystem to the masses. 

.COM Bridge

The BRC20.com team will deploy a trustless bridge on top of the node network allowing .COM and other selected BRC20 tokens to be utilised on the L2 network. This will include key BRC20 projects as well as future IFOs and launchpad projects.

Platform

The BRC20.com staking platform, super app and future technical products will be fully integrated with the L2 network, ensuring cross-compatibility of all products between the L1 Bitcoin network and the new L2 network.

Future products will include a dedicated DEX for Bitcoin ecosystem projects, paired with the .COM token in LP pools with fees from the DEX flowing to .COM stakers on the L2 network. 

About BRC20.com

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To learn more about BRC20.com please visit our website

To stay up to date on our mainnet launch, developments, and partnerships, follow us on Twitter.

To join our growing community and talk to the team directly, visit our official Telegram.

About Unigraph

To learn more about Unigraph and where we’re headed, visit Unigraph.io.

To stay up to date on our mainnet launch, developments, and partnerships, follow us on Twitter.

To join our growing community and talk to the team directly, visit our official Telegram.