Roadmap
SAT20 is just the beginning of our efforts to build the BTC ecosystem. Throughout this development process, we adhere to the following principles, which we believe reflect future trends:
Asset Issuance on the BTC Mainnet: There will be an increasing number of assets issued on the BTC mainnet.
Asset Trading on Layer 2 Networks: Infinite liquidity while ensuring assets remain under users' control, offering security, cost-effectiveness, and speed.
The BTC network will become the foundation of the digital world, leading to a "one sat, one world" future.
SAT20 Asset Issuance Protocol (ORDX Protocol)
The development of the asset issuance protocol will be completed in the first half of 2024.
SAT20 Asset Circulation Protocol (Transcend Protocol)
A protocol that allows BTC (Satoshi) to circulate freely. We hope to complete the prototype development of the Transcend Protocol in Q3 and run it on SatoshiNet.
Development of Sample Network: SatoshiNet
SatoshiNet is a modified version of the BTC network, and you can think of it as another BTC testnet. It is built on BTC core, and any technology that benefits the development of BTC can be tested on this network.
Open Source
To ensure efficient early-stage development, we will initially keep the project closed source. However, we plan to gradually open and eventually fully open-source the entire SAT20 project. Through community management, SAT20 will evolve into a fully decentralized project that can incorporate any BTC-native technologies, such as BTC native smart contracts or any future BTC-native layer 2 networks. We aim to promote mass adoption of SAT20 within the BTC ecosystem through open-source, permissionless collaboration and contribute to the prosperity of the BTC ecosystem. We welcome teams interested in SAT20 to join us in building a world of satoshis.
Plan:
Provide installation packages to assist collaborating teams in setting up their own service nodes (starting from June 2024).
Gradually open-source the project, releasing one module at a time as they mature (beginning in Q4 2024):
Indexer
Name service
Circulation protocol
TVN sample network
Explore community management models and continue the development of SAT20 (promoting community governance after open-sourcing, making Pearl the governance token for proposals, voting, etc.).
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