BRC20 creator Domo and other Bitcoin developers have formed an alliance to draft the BRC-20 token guidelines

2024-03-12 09:30:24

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ChainCatcher news, the Layer 1 Foundation has formed a Bitcoin Developer Alliance, planning to jointly draft the BRC-20 token guidelines. This Monday, the Layer 1 Foundation announced a new governance body, focusing on ensuring trust and transparency in the protocol, which it claims is crucial for future growth.

The Layer 1 Foundation was co-founded by BRC-20 creator Domo, with participation from Hiro, Alex Labs, Oyl Dynamics, Allium Labs, and UTXO Management. Additionally, Bitcoin wallet developer Unisat and Ordinals aggregator Best in Slot will jointly lead the maintenance of the BRC-20 protocol.

In its resolution, the foundation members committed to achieving a series of goals, including pursuing simplicity in technical architecture, adopting a security-first approach when changing the protocol or its indexers, promoting mutual discussions, considering the community in the pursuit of developmental changes, and making protocol-level changes open source.

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