Alisa Davidson
Revealed: January 13, 2025 at 9:22 am Up to date: January 13, 2025 at 9:23 am
Edited and fact-checked:
January 13, 2025 at 9:22 am
In Transient
UniSat has briefly paused its CAT20 market companies on the request of the CAT protocol and plans to offer updates as soon as it receives additional info from the mission’s workforce.
Bitcoin service supplier UniSat introduced that it has briefly paused its CAT20 market companies following a request from the CAT protocol. The mission acknowledged it should proceed monitoring the state of affairs and can present updates as soon as it receives extra info from the CAT protocol workforce.
CAT, or covenant attested token, is a brand new UTXO-based token protocol on Bitcoin that makes use of miner validation and good contracts—particularly covenants—to handle token minting and transfers. In contrast to different token protocols on Bitcoin, CAT is enforced solely by means of Bitcoin Script at Layer 1. The CAT20 customary, which is a part of the CAT protocol, helps fungible tokens.
Earlier in the present day, the CAT protocol introduced that it’s conducting an replace aimed toward addressing points and enhancing safety. The mission assured customers that their belongings would stay safe throughout this course of and that buying and selling would resume inside a number of days.
UniSat: Bitcoin-Targeted Crypto Pockets
UniSat Pockets is a Bitcoin-focused pockets designed to assist customers in storing, minting, and transferring BRC-20 tokens, in addition to shopping for and promoting BTC, non-fungible tokens (NFTs), domains, and different belongings inside the BTC ecosystem.Â
The pockets gives quite a lot of companies, together with token and NFT transactions, token minting, and BRC-20 token info queries. To be able to use UniSat, customers set up the pockets, get hold of a pockets tackle, and switch BTC from an change, just like the setup strategy of a normal Web3 pockets.
Just lately, UniSat launched the UniSat Runes service on Fractal, permitting customers to mint and inscribe Runes. Moreover, the platform has launched updates to optimize the asset-bridging course of, enhancing transaction speeds whereas sustaining asset safety. The up to date course of now makes use of inscribe switch, which requires a single affirmation and usually takes about ten minutes.
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About The Writer
Alisa, a devoted journalist on the MPost, makes a speciality of cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising developments and applied sciences, she delivers complete protection to tell and have interaction readers within the ever-evolving panorama of digital finance.
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Alisa Davidson
Alisa, a devoted journalist on the MPost, makes a speciality of cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising developments and applied sciences, she delivers complete protection to tell and have interaction readers within the ever-evolving panorama of digital finance.
Extra articles
