Bitcoin BRC20 mainstream wallet Unisat Wallet announced its support for ARC20 tokens based on the Atomicals protocol. The Atomicals protocol provides various asset types including ARC20 tokens, NFTs, Realm, and Collection Containers. Currently, Unisat only supports ARC20 tokens, while other asset types are not yet supported.
(UniSat officially launches the BRC20-swap mainnet: initially only 14 assets are available, and withdrawals may be delayed.)
(Background Supplement: Bitcoin ecological leader: Breaking down the formula for Unisat’s success.)
Table of Contents:
Unisat Wallet Supports ARC20
What is Atomicals?
Asset Issuance Protocol in the Bitcoin Ecosystem
Ordinals protocol, as the first asset issuance protocol in the Bitcoin ecosystem, has created many wealth myths in the market with its underlying BRC20 tokens, leading the market trend. This trend has prompted the industry to come up with new asset issuance solutions that aim to improve the Ordinals protocol, including the Atomicals protocol.
The Atomicals protocol consists of four major asset types. Similar to BRC20 tokens, the asset type for Atomicals is called ARC20 tokens. In addition, there are NFTs, Realm, and Collection Containers.
Just yesterday, Unisat Wallet, which originally only supported assets based on the Ordinals protocol in the Bitcoin ecosystem, announced its support for ARC20 tokens.
The official emphasized that currently only ARC20 tokens are supported, excluding other non-ARC20 assets. While this means that other asset types of the Atomicals protocol (NFTs, Realm, and Collection Containers) are not yet supported, the official stated that more types of assets will be supported in future iterations and that the operation of Atomicals assets will be simplified.
To enable ARC20 token functionality, users need to manually enable it under the “Atomicals” tab.
In addition, the official added that in the past 48 hours, the Atomicals protocol has undergone some protocol-level updates. To enhance security, UniSat uses a backup solution based on the official indexer to ensure full consistency with the latest version. In future updates, a transition to UniSat Atomicals Indexer will be made to improve service performance.
According to Bitget research report, the Atomicals protocol is an asset issuance framework for UTXO-type blockchains. This protocol supports various asset types, including ARC20 standard homogeneous tokens, NFTs, Realm, and Collection Containers. In terms of homogeneous tokens, Atomicals uses Satoshi, the smallest unit of Bitcoin, as the minimum unit for asset issuance. In terms of asset issuance mechanisms, Atomicals provides two modes: decentralized minting and direct minting, with decentralized minting implemented through the POW mechanism of Bitwork Mining.
Compared to the Ordinals protocol, Atomicals does not rely on a third-party sorter for asset tracing and transaction ordering, providing a more comprehensive asset issuance solution. In addition, the Atomicals protocol includes the following four major asset types:
ARC20: A token format standard similar to BRC20 on Ordinals, with the main head projects being $ATOM, $PEPE, and $REALM.
NFT: The main head projects are PUNK, XCSS (the first original collection), and Atommap (bitmap equivalent).
Realm: The “domain” concept proposed by Atomicals aims to subvert traditional domain names and use domain names as prefixes.
Collection Containers: A data type used to define NFT collections, mainly used to store readable NFT collections and related metadata, similar to a chain-based data object storage.
In the Bitcoin ecosystem, in addition to Ordinals and Atomicals, there are other asset issuance protocols such as Runes, PIPE, and Taproot Assets. Whether these protocols will be supported by mainstream wallets like Unisat Wallet in the future is a topic worth close attention, as the support of mainstream wallets serves as a reference indicator for the long-term survival and development of these protocols in the market.
Previously, the Phantom wallet on Solana announced its support for Bitcoin, Ordinals, and BRC-20 tokens, highlighting Bitcoin’s revival status in the cryptocurrency industry and the influence of Ordinals.
Further reading:
Bitcoin “Runes” taking over the wealth boom of inscriptions? Analyzing the Runes protocol and potential Alpha
Related Reports
Bitcoin ecosystem in full swing: A quick understanding of the ARC20 thousand-fold track and the Lightning Network hundred-fold track
Analyzing BTC’s two native asset protocols: BRC20 and ARC20
Bitcoin’s new FT protocol “Rune” is born, the founder of Ordinals can no longer bear with BRC
Tags:
ARC20
Unisat Wallet
Bitcoin