UniSat Wallet has announced the release of its upcoming scaling solution for Bitcoin, scheduled to be released in the first quarter of 2024. The announcement comes as part of the platform’s commitment to providing unique, solutions that users can comprehend within 30 seconds.
UniSat Wallet is the pioneering open-source browser extension wallet designed specifically for Bitcoin NFTs and Ordinals. With UniSat Wallet, users gain the ability to securely store, effortlessly send, and conveniently receive bitcoins and Ordinals directly on the Bitcoin blockchain. As a non-custodial wallet, UniSat Wallet prioritizes user security by ensuring it never accesses users’ funds or stores any sensitive information such as seed phrases, passwords, or private data.
Accounts are derived from the user’s Secret Recovery Phrase, and private keys are encrypted on the user’s device and are never shared with anyone. The wallet is 100% open-source and supports hierarchical deterministic wallets. It also allows users to import accounts from single private keys.
UniSat Wallet has plans for future versions to support the Lightning Network. In October 2023, UniSat Wallet successfully launched its brc20-swap mainnet. The BRC-20 swap mainnet enables users to seamlessly swap BRC-20 tokens on the Bitcoin blockchain, all while enjoying a competitive transaction fee structure of just 0.3%.
Building on this success, UniSat Wallet introduced the UniSat Developer Service, a comprehensive suite of powerful tools and capabilities designed to empower developers in the cryptocurrency space.
The platform aims to transform the development landscape throughout 2023, catering to a wide range of developmental needs, and providing an ideal environment for creating advanced trading bots, Ordinals, and BRC-20 block explorers.
However, there have been some user complaints about the wallet, with some users reporting issues with logging in and others alleging that it is a scam.