BRC20.com Announces Exciting Partnership with Unigraph to Bring Scalability to the Bitcoin Community
BRC20.com has announced a new partnership with Unigraph, a leading provider of layer 2 scaling solutions. Together, they aim to deploy the first fully EVM-compliant and decentralized layer 2 network tailored specifically for the Bitcoin community.
This collaboration will allow BRC20.com to build a BRC20-centric rollup optimized for their existing ecosystem. Meanwhile, Unigraph will provide the core infrastructure to enable seamless transfers between the Bitcoin base layer and the new layer 2.
Once deployed, BRC20.com plans to offer popular services like Initial Farm Offerings (IFOs) and launchpads on this high-speed, low-cost layer 2 network. All data will still be published to the underlying Bitcoin blockchain for maximum transparency and security.
A key piece of technology making this possible is Unigraph’s bridge infrastructure. It will enable contactless transfers between layers while allowing users to securely store tokens on both sides of the bridge.
The new layer 2 itself will run on a Delegated Proof of Stake model, ensuring speed and scalability. It will also provide full Ethereum Virtual Machine compatibility. This makes it easy for developers to build or migrate Ethereum-based dApps. Plus, users can interact with the network using familiar EVM-compatible wallets like MetaMask.
BRC20.com intends to further decentralize the network by incentivizing participants to operate staking nodes. More nodes means better security and distribution. As adoption grows, increased scale should also continue driving down transaction fees.
The company plans to integrate the layer 2 across its mining platforms, mobile apps, and future products. This will make the user experience seamless across layers while allowing innovative new offerings only possible on layer 2. For example, BRC20.com is exploring ideas like a DEX with liquidity mining programs distributing $COM governance tokens to participants.
As BRC20 tokens continue gaining traction, Bitcoin scalability solutions like this well-timed layer 2 become critical. They solve congestion, stuck transactions, and exorbitant GWEI expenses by effectively expanding the network’s capacity. With this partnership, the future looks bright for the expanding Bitcoin ecosystem!
