BRC-20 Creator Domo Addresses Thorny Governance Issues With New 'Lead Maintainer' Appointments
Summary
Domo, the creator of the Bitcoin network's BRC-20 token standard, has announced a partnership between his non-profit organization, Layer 1 Foundation (L1F), and Bitcoin infrastructure companies UniSat and Best in Slot. The partnership aims to serve as BRC-20's "lead maintainers". The BRC-20 token standard operates on the Ordinals Protocol, which allows digital assets other than BTC to be traded on the Bitcoin network. Despite previous conflicts over governance, Domo acknowledged UniSat's role in decentralizing the BRC-20 ecosystem. An "oversight committee" has been appointed to enforce L1F governance guidelines for the BRC-20 standard, with appointees including Bitcoin Ordinals wallet Oyl and UXTO Management.
