SINGAPORE, December 22, 2023 /PRNewswire/ — UniLayer is making waves as the Layer 1 omnichain network of the future, facilitating universal on-chain interoperability. The UniLayer testnet, which went live in September, was a resounding success, and anticipation is growing for the next UniLayer mainnet launch, scheduled for January 10, 2024.
UniLayer Bitcoin Integration: Adopting BRC-20 Token Standard and Ordinals
UniLayer’s first priority after mainnet is to implement its groundbreaking Bitcoin integration, with scheduled integrations of all major networks to follow. UniLayer’s Bitcoin integration is of particular importance, since the BRC-20 token standard and Bitcoin ordinals are now facing significant opposition from major Bitcoin developers, who are stepping up efforts to “fix” features that allowed the creation of ordinals.
UniLayer remains steadfast in its support of the BRC-20 token standard and continued innovation of existing chains in the space.
CEO, Alex Bélets recently published a series of tweets about UniLayer’s position on the BRC-20 token standard and ordinals:
“[UniLayer will] integrate and support BRC20 ordinals… [and] integrate these advances into the very heart of our system.”
Follow UniLayer on Twitter for the latest news, updates and community rewards programs.
UniLayer: a new vision of universal interoperability
The UniLayer network embodies a new paradigm of interoperability, embracing the original “on-chain philosophy” of Bitcoin itself. With this in mind, UniLayer will begin its multi-chain journey with the landmark Bitcoin network integration, the first in a series of legacy blockchain integrations.
Over the past year, Bitcoin has received renewed attention thanks to an important technical innovation: the BRC-20 token standard, which enabled the creation of “Bitcoin NFTs,” or ordinals. Bitcoin ordinals are distinct from ERC-20 NFTs and NFTs on other chains in that they reside directly on the blockchain and therefore inherit the immutability and security of the Bitcoin network itself.
UniLayer is ready to not only support these exciting new advancements, but enhance them, with on-chain interoperability that extends their reach to all major blockchain networks, including Ethereum, Binance Smart Chain, and Near Protocol. The UniLayer network was designed to serve as the infrastructure layer of the entire blockchain space, enabling the next generation of cross-chain DEXs, DeFi protocols, Web3 gaming and other DApps, all benefiting from the highest level of security, high speeds and low costs.
Significantly, UniLayer enables a single “Logix” smart contract to direct and coordinate contracts across multiple networks, significantly simplifying any interoperable DApp backend infrastructure, while providing high speed and security.
Additionally, UniLayer is the first UTXO chain to successfully integrate with MetaMask, a technical advancement that will enable unprecedented cross-chain access to Uniswap and a large number of other popular DApps. This will enable the seamless integration of millions of people into UniLayer’s interoperable infrastructure.
Fundamentally, UniLayer envisions a borderless blockchain space, and the upcoming mainnet launch will turn this vision into reality.
UniLayer’s unstoppable development continues
As a forward-thinking and technology-driven project, UniLayer’s development has never stopped. Since the launch of Testnet, the team has worked hard to refine and optimize the network to best realize its uncompromising vision of on-chain interoperability.
Recent highlights include:
- Consensus-Level RPL Transactions: An industry first, UniLayer is a pioneer in supporting consensus-level RPL transactions, in the BTC paradigm.
- Performance Improvements and Stability Updates: The team has implemented a wide range of improvements that significantly improve performance and ensure greater system stability.
- Increased naming accuracy: The UniLayer network has moved from the classic 1e-8 BTC denomination to the more refined 1e-18 denomination of Ethereum. This was a complex task, requiring a complete overhaul of network serialization and security. It will enable the processing of micro-transactions, essential for high-frequency DeFi, DEXs and gaming DApps.
- MPC support: UniLayer has integrated support for multi-party computation (MPC). This is a major step forward in interoperability and improves integrity, security and autonomy across multiple networks.
The future of interoperability is on-chain
The field of interoperability is experiencing strong growth, demonstrated by the advent of a multitude of multichain bridges, layer 0 networks, and interoperability protocols. However, UniLayer stands out for its unique on-chain design: an architecture that natively unites blockchains at the physical node level. UniLayer allows existing nodes from disparate networks (Bitcoin, Ethereun, Solana) to perform a dual function: validate the transaction of their original network while also validating cross-chain transactions on the UniLayer network, thus gaining the ability to perform on-chain transactions with any other connected blockchain. .
The UniLayer network was designed to handle the most demanding B2B use cases, reaching speeds of up to 10,000 tps (transactions per second). Combined with industry-leading, low fees and its unique secure physical tier node architecture, UniLayer enjoys a substantial competitive advantage over other interoperability solutions in this rapidly growing space.
UniLayer Heads Toward Mainnet Launch In Q1 2024
The UniLayer network is needed more than ever. The vulnerabilities inherent in centralization, from collapsing exchanges to hacked bridges, demonstrate the urgent need for a fundamentally new and secure solution for interoperability: one that resides solely on-chain.
This is what the UniLayer network will enable.
As we approach the mainnet launch in Q1 2024, we will keep the community regularly informed of each advancement and offer our community members the opportunity to get involved and quickly benefit from UniLayer’s entry into the space.
Exciting times lie ahead!
To learn more about UniLayer and where we are going, visit UniLayer.io.
To stay informed about our mainnet launch, developments and partnerships, follow us on Twitter: https://twitter.com/unilayernetwork
To join our growing community and speak directly to the team, visit our official Discord: https://discord.com/invite/G3cTrYmCBM
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SOURCE UniLayer
