Crypto community divided as UniSat Wallet adopts Ordinals Jubilee upgrade proposal

Crypto community divided as UniSat Wallet adopts Ordinals Jubilee upgrade proposal

Jan. 4, 2024

By Liam 'Akiba' Wright

UniSat Wallet recently confirmed its alignment with the upcoming Ordinals Jubilee upgrade amid a broader discussion about the evolution and governance of the BRC-20 token standard, which operates on the Ordinals Protocol.

UniSat Wallet, known for its role in the Ordinals marketplace, announced plans to adhere to the Ordinals Jubilee upgrade, ensuring that the BRC-20 tokens remain integrated within the Ordinals system. This move aligns with the broader strategy of maintaining protocol consistency without diverging into an isolated framework.

UniSat also teased the release of a significant whitepaper slated for Jan. 31, 2024, promising substantial advancements for BRC-20, Ordinals, Bitcoin, and its community. Jubilee will take place at block height 824,544. As of press time, Bitcoin is 362 blocks behind at block 824,182, meaning the block height should be reached this week.

In contrast, Domo, the pseudonymous creator of the BRC-20 token standard, expressed concerns over these updates’ haste and potential repercussions. Domo highlighted the complexities and risks of integrating new updates into the BRC-20 standard, referencing the challenges faced during versions 0.8 and 0.9. Emphasizing the need for robust testing and coordination, Domo cautioned against the rush to implement protocol enhancements, suggesting they might not be safe without a comprehensive validation infrastructure.

Domo’s apprehensions extend to the broader strategic implications of UniSat’s actions, hinting at an alleged ongoing effort to gain control over the protocol. This perspective is reportedly shared by Layer 1 Foundation, a non-profit foundation committed to keeping the BRC-20 standard free from centralized corporate influence.