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UniSat Wallet launches BRC-20 swap testnet



UniSat Wallet unveils its latest innovation: the BRC20-swap testnet. This significant development aims to transform how users engage with blockchain technology, providing a glimpse into the future of crypto transactions.

UniSat Wallet is an open-source Chrome extension wallet designed for Bitcoin Ordinals and BRC-20 tokens. It allows users to store and transfer their Ordinals NFTs and see unconfirmed NFTs immediately.

This wallet holds the distinction of being the first open-source browser extension wallet for Bitcoin NFTs. It is built using TypeScript and boasts 539 stars on GitHub as of September 2023. 

UniSat Wallet is designed to be easy to use for both beginners and advanced users. The wallet is available on the Google Chrome web store.

BRC-20 tokens represent an experimental standard for fungible tokens on the Bitcoin blockchain. withiney are created via the Ordinals protocol, which was made possible by the Taproot upgrade to the Bitcoin network.

BRC-20 tokens use JSON (JavaScript Object Notation) Ordinals inscriptions to initiate token contracts, create new tokens, and move tokens around. 

However, the BRC-20 protocol currently has very limited functionality compared to ERC-20. Users are currently limited to only minting, deploying, and transferring tokens.

A review of the BRC-20 tokens market reveals that there are a total of 213 different BRC-20 tokens available with a combined market capitalization of $1,056,030,513,020. 

This represents the total value of all these tokens combined in the market. Its trading volume is $35,279,484,838.

Further development with user feedback

Users who are interested in using the wallet can do so here. There is a provision for a faucet as well which will be used to test the wallet by making deposits, trading, and adding liquidity. 

UniSat has plans to further develop the testnet into a mainnet following the feedback that will be received from users of the wallet. 

UniSat Wallet expressed its commitment to pushing the boundaries of what is achievable in the realm of cryptocurrencies.

Read also; Bitcoin Ordinals Creator proposes alternative to BRC-20 Token Standard

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