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
Want Speed, Scale, and Security? Qubetics, Polkadot, and Flare Are the Best Cryptos to Join TodayFlare: Turning Blockchain Data Into Actionable Utili
Discover the best cryptos to join today with updated insights on Qubetics, Polkadot, and Flare. Compare presale stats, utility, token price, and community growth.Qubetics: Redefining Web3 Utility with Power and PrivacyPolkadot: Modular Strength with a Battle-Tested NetworkFinal Thoughts: Should You Back the Next Web3 Power Move?
XRP price consolidates and maintains expectations of growth towards US$ 5
Ethereum Resurrected? ETH Reacts Strongly and Analysts Point to Possible Path to $10.000
$1,000 RDAC Reserved for You! Join the BGB Holders Celebration Campaign Now!
Trending news
MoreCrypto prices
More
