Bitcoin sidechain MicroVisionChain plans to launch a BRC-20-based DEX in Q1 next year
According to Cointelegraph, developers of the Bitcoin sidechain MicroVisionChain (MVC) are preparing to launch a decentralized exchange (DEX) based on BRC-20 in the first quarter of 2024. MVC Chief Operating Officer Jason Kwok introduced the "1:1 mapping relationship" they established with Bitcoin on the sidechain, allowing for the exchange of BRC-20 token assets on the MVC sidechain, avoiding the high transaction and fuel costs required to deploy decentralized applications (DApps) on the Bitcoin mainnet. In addition, MVC is also developing a meta-contract integrated development environment (IDE) to migrate DApps from the Ethereum virtual machine (EVM) to the Bitcoin sidechain of MVC.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Experts Anticipate a Surge for SUI Cryptocurrency Based on Positive Indicators
In Brief SUI cryptocurrency shows optimism through positive technical indicators. Experts believe SUI is poised for a potential upward movement. Institutional predictions suggest significant price levels could be reached for SUI.
Massive OM Token Burn Sparks Investor Debate and Market Tension
In Brief Mullin announced a significant burn of 300 million OM tokens to reduce supply. Investor confidence is shaken as whale movements raise concerns about potential sell-offs. Market sentiment remains crucial as analysts call for additional measures for recovery.
Who is Patrice Evra, French football legend, set to speak at Token 2049 Dubai?
Elon Musk Takes Dig at Crypto Scammers Posing as “Hot Girls”
Trending news
MoreCrypto prices
More
