Developers of Bitcoin sidechain MVC prepare for BRC-20 DEX launch

Developers of Bitcoin side-chain MicroVisionChain (MVC) have unveiled a BRC-20 decentralized exchange (DEX) as part of its roadmap for Q1 2024.

In an interview with Cointelegraph, MVC chief operating officer Jason Kwok claims to have developed a “1:1 mapping relationship” with Bitcoin on its sidechain. “This essentially creates a parallel version of your Bitcoin assets, such as BRC-20, on MVC,” said Kwok, explaining that the bridge allows users to swap BRC-20 token assets on the MVC sidechain, thus bypassing the high transaction and gas fees required to deploy decentralized applications (DApps) on the Bitcoin mainnet.

“MVC shares the same underlying architecture as Bitcoin, which… Read more on Cointelegraph

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