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Unisat thread summaries/takeaways 👇 TL;DR Unisat is the most impactful company/marketplace/indexer in ordinals and hasn't been super communicative (at least to Western audiences) about what they're doing & future plans. We got a lot of information today about BRC20s, indexing, and how @lorenzonical + @unisat_wallet are thinking about Ordinals/Bitcoin in general. First, on indexing 🔢 After the BRC-20 Jubilee indexing controversy, the resolution was that Unisat & @L1Fxyz agreed to un-freeze from 0.9 -> 0.14 together & ignore some select features of ord. This is probably the most significant coordination event since the early days of BRC20 standardization in March -> April as it demonstrates Unisat's desire to engage other ecosystem participants in the mutual interest of the standard. The question was then how does indexing get implemented & state cross referenced? The @opindexer initiative put out clear ruleset & an open source indexer (particular shoutout to @0xBinari & @bestinslotxyz to driving this), but does Unisat just in-house their own & try to compare to @opindexer or the @l1fxyz w/ @ALEXLabBTC oracle? In my opinion, while it is obviously desirable to try to "decentralize indexing" you basically recreate the same consensus & coordination challenges that Bitcoin, blockchains, have themselves solved (hence why I joke about using another blockchain to solve indexer consensus). I fully expect someone to try this too. The next best outcome is that everyone shares the same indexer, then the coordination does not have to also be confused by varied implementations. 👆this outcome is the one that appears to be happening. @unisat_wallet, instead of using their own internal indexer, is moving to the @opindexer implementation. This in my opinion is the best outcome for the entire ecosystem. You still run into structural issues about future consensus (that I have been talking about since March) but this sets the stage nicely so that these ponzi coins can run up to multiple billions this cycle with the least amount of friction possible, to eventually crash back down to 0 for a number of reasons. TL;DR: bullish - Mobile Wallet Self explanatory really, but a massive announcement nonetheless. Unisat is the dominant wallet in the ecosystem by userbase. Looks like their iOS (?) version is nearing completion, I would assume Android is high up on the list given the popularity of Unisat in Android-dominant markets. I think it's also interesting the UI choices to put Atomicals front and center next to Ordinals. So much of a protocol's success with retail is it's placement in the UI of these everything-apps. - ARC20 Indexer update I'm less familiar with ARC20, but the landscape is a little different (although the structural consensus challenges are the same). Unisat isn't the "official" indexer but has been following closely the reference one. It appears these indexers are largely currently in lockstep, Unisat is simply mirroring the main Atomicals one & doing general performance improvements. IMO the more performant the indexers are, the less friction there is for these shitcoins to scale to a much broader userbase. - Overall Infrastructure Improvement General backend improvements. Notably that Unisat does 10m+ queries/day👀 It's also incredibly notable that Unisat does backend for Binance (and ByBit). I doubt any major exchanges are positioned to be able to handle the complex ordinals/bitcoin engineering in-house, so I think indexers & companies specializing in ordinals backend are positioned incredibly well going into 2024 & 2025. - Game Framework Unisat showcases their "Game Framework" which is another JSON standard using the Black/White modules. Their engagement with @OrdzGames is center stage here, using $ORDG to power these products & standards. Tokenizing & productizing "on-chain games" has been a white whale of web3 investing and certainly a dominant narrative across all crypto right now. The focus of the game framework seems to be tokenizing & running the JSON playbook. I love the OrdzGames team and the idea of gaming on-chain. I don't really see the differentiator here except we're doing the same thing we did on other chains, but this time on Bitcoin. I think that what has been missing historically is total ecosystem buy-in for a lot of these products, and if you are the dominant player in the ecosystem you can pretty much deliver whatever gaming experience you want. Which gets into.... 👇 Module Proposal I asked Lorenzo about the Black/White module proposal on the Twitter spaces today -- what are his thoughts on Black -> White module conversion coordination? He agreed that it's a hard problem to solve. I think the recent signaling of moving to shared @opindexer source is the only real answer here. Module conversion will probably have to happen on the OPI side. I think uniting to run the OPI is the most sensible thing to do for the ecosystem at this time. I personally do not think it makes sense long term to try to coordinate white/black module conversions. I think the module operators should just operate themselves and each indexer, or a monolithic indexer, determine whether or not deposits/withdrawals are valid. The reality is that there really isn't a good solution to this that I can see, but this is a trust & coordination challenge endemic to unenforceable off-chain consensus. It's also important to acknowledge that ordinal theory itself is an identical form of off-chain consensus, but the creation & transmission of sats through the Bitcoin network are largely intuitive with minimal edge cases, and implementations of that can only be so varied and there is low likelihood of consensus changes in the future. This is different than acknowledgement of Inscription standards, convention, & envelope recognizance, which I anticipate becoming much more varied over the coming years. - Fractal Bitcoin: A recursive blockchain computing system 🐚 You gotta love it that the announcement Unisat made earlier this month about "the most significant present we are able to deliver [for] Ordinal, Bitcoin..." and is an impressively buried lede. To be honest, I need to do more technical review on this concept to comment more on it, so I will refrain from breaking it down. I will probably let @BobBodily beat me to this one and if he doesn't have something by this weekend then I will come back around. - Overall, this communication is great to see out of the leading company in the Ordinals ecosystem. In particular I appreciate @lorenzonical and @z3thnft for helping communicate to the Western audiences, I wish them success!