Alisa Davidson
Printed: 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 quickly paused its CAT20 market providers on the request of the CAT protocol and plans to offer updates as soon as it receives additional info from the venture’s workforce.
Bitcoin service supplier UniSat introduced that it has quickly paused its CAT20 market providers following a request from the CAT protocol. The venture acknowledged it would proceed monitoring the scenario and can present updates as soon as it receives further 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 sensible contracts—particularly covenants—to handle token minting and transfers. Not like different token protocols on Bitcoin, CAT is enforced solely by Bitcoin Script at Layer 1. The CAT20 commonplace, which is a part of the CAT protocol, helps fungible tokens.
Earlier right this moment, the CAT protocol introduced that it’s conducting an replace geared toward addressing points and enhancing safety. The venture assured customers that their belongings would stay safe throughout this course of and that buying and selling would resume inside just a few days.
UniSat: Bitcoin-Targeted Crypto Pockets
UniSat Pockets is a Bitcoin-focused pockets designed to help 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 throughout the BTC ecosystem.Â
The pockets gives quite a lot of providers, 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 deal with, and switch BTC from an trade, just like the setup means of an ordinary Web3 pockets.
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, focuses on cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising tendencies and applied sciences, she delivers complete protection to tell and interact readers within the ever-evolving panorama of digital finance.
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Alisa Davidson
Alisa, a devoted journalist on the MPost, focuses on cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising tendencies and applied sciences, she delivers complete protection to tell and interact readers within the ever-evolving panorama of digital finance.
Extra articles
