BRC 2.0 @bestinslotxyz has been online for 9 days, and the ecosystem is expanding rapidly. The most important application that everyone is waiting for, BRC 2.0 Swap CatSwap @CatSwap_Fun, has entered the final audit stage and will soon be launched on the Bitcoin mainnet. @bestinslotxyz @domodata @0xBinari @realmtbman @L1Fxyz
Another important infrastructure, WBTC: proBTC, has also been launched on Signet. WBTC can inject BTC liquidity into the BRC 2.0 ecosystem. Everyone knows WBTC, but what is WBTC on BRC 2.0?
WBTC stands for Wrapped BTC. Since BTC does not comply with the BRC 20 or BRC 2.0 Token standard, it must be wrapped to meet the standards before it can be traded in the liquidity pool on CatSwap @CatSwap_Fun. Without WBTC, only trading between new assets can occur in the AMM.
The official team has revealed that they are collaborating with multiple teams to develop WBTC. Currently, only proBTC @proBTC_org has been launched, and there are no further updates on others.
I shared an article about WBTC a month ago; if you're interested, you can check it out here: https://x.com/bitlaser_btc/status/1954891663094251832
The BRC 2.0 Chinese community is becoming increasingly active, with more newcomers joining. This has led to repeated inquiries about basic questions, which I have organized for everyone's reference. BRC 2.0 Chinese community TG ID: @BRC20CN
BRC 2.0 Frequently Asked Questions and Answers
1. What is BRC 2.0?
BRC 2.0 is an upgraded protocol of BRC 20 and is a Bitcoin ecosystem L1 DeFi protocol. By introducing EVM, it brings smart contract functionality to BTCFi, enabling decentralized applications.
SATS$RATS #𐊶 #𝛑 BRC 2.0 is divided into two phases. The first phase uses 6-byte代 tickers for a smooth transition, which was achieved on September 1. The second phase will be backward compatible with existing #BRC 20 tokens like $ORDI$ and others.
2. What is the mission of BRC 2.0?
BRC 2.0 aims to create more decentralized applications, such as CatSwap @CatSwapFun, CoinCooker @coincookercom, proBTC @proBTCorg, Adderrels @adderrels, Yuzo @yuzodotxyz, by introducing EVM smart contracts along with robust infrastructure.
Empowering BRC 20 OG Tokens, such as $ORDI $SATS $RATS, etc.
BRC 2.0 is laying a solid foundation for the prosperity of BTCFi. In the future, with the arrival of the second phase and the implementation of more applications, BRC 2.0 is expected to become the core driving force of the Bitcoin ecosystem, leading BTCFi into a new era of prosperity.
3. What is the difference between BRC 2.0 and BRC 20?
BRC 20 only supports token minting and transfers, lacking programmability.
BRC 2.0 supports decentralized applications, such as DeFi, DAO, RWA, etc.
4. What is the outlook for BRC 2.0?
As a Bitcoin ecosystem L1 DeFi protocol, BRC 2.0 launched with a decentralized AMM, BRC 2.0 Swap CatSwap @CatSwap_Fun (which has entered the final audit stage and is expected to launch this week), making it hard for other protocols to catch up.
With its strong programmability, top exchanges, and support from numerous leading KOLs, big names, and OG communities, BRC 2.0 will form a powerful BTCFi ecosystem while gradually unlocking Bitcoin's infinite potential, attracting more developers, project teams, and users to participate, ultimately driving the Bitcoin ecosystem to unprecedented heights.
5. When will BRC 2.0 empower BRC 20 OG Tokens?
It was originally planned for block height 914,888 (around September 17), at which point all existing #BRC 20 assets, including $ORDI$SATS$RATS tokens, can be programmed through BRC 2.0. The specific date may be adjusted based on the integration status of other BRC 20 indexers.
At that time, all BRC 20 OG Tokens can be added to the liquidity pool on CatSwap @CatSwap_Fun, and Binari @0xBinari has plans to turn ORDI into a fee token for a certain product.
6. What is BRC 2.0 Swap?
BRC 2.0 Swap has two options:
CatSwap @CatSwap_Fun: A fully decentralized AMM on L1 using Uniswap smart contracts.
BiS SWAP: A Sequencer powered AMM that enhances trading speed to Solana levels, a non-traditional L1 AMM.
7. What is the BRC 2.0 balance? Where can I check it?
BRC 2.0 balance is divided into BRC 2.0 EVM balance and BRC 2.0 inscription balance.
BRC 2.0 inscription balance: After the BRC 2.0 6-character inscription Mint is completed, it will be displayed as the BRC 2.0 inscription balance, which can be checked on the UniSat @unisat_wallet block explorer: https://uniscan.cc/brc20-prog
BRC 2.0 EVM balance: To operate in BRC 2.0 applications (such as BiS DEX trading), the BRC 2.0 inscription balance needs to be wrapped to the BRC 2.0 EVM balance, which can be checked on the BIS block explorer: https://explorer.brc20.build/
8. How to participate in BRC 2.0 6-character Token?
- Discover popular 6-character Tokens on the UniSat @unisat_wallet inscription page and Mint.
- Trade after wrapping to BRC 2.0 EVM balance through BiS DEX.
- BRC 2.0 Swap CatSwap @CatSwap_Fun has entered the final audit stage and will be launched soon, at which point you can directly add LP and trade in the CatSwap liquidity pool.
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