Announcing the new BRC20 governance structure, what is Domo’s intention?

On the third day after the first anniversary of brc20 and ordi, domo announced the new BRC20 governance structure.

The Layer 1 Foundation (L1F), established by BRC20 founder Domo and friends, is excited to announce organizational changes to the BRC20 governance structure, including the appointment of a number of leading of BRC20 indexers as partners, including Hiro, ALEX, Oyl , Allium , UTXO Management. Also, Unisat and BestinSlot will serve as the future joint main maintainer of the BRC20 protocol.

In addition to support for BRC20 In addition, L1F is committed to providing public tools, educational resources, and open forums to developers building various meta-protocols on Bitcoin. They envision a decentralized economy on Bitcoin and support this vision through non-profit open source development and education.

Reviewing the past governance turmoil of BRC20

Interestingly, although Unisat cooperated with Domo to develop the first BRC-20 indexer is well-known, but there was a disagreement with Domo on whether to make BRC-20 follow the Ordinals upgrade.

On January 2, 2023, Domo, the founder of BRC20, forwarded UniSat’s statement that it would comply with the Jubilee Upgrade, saying: “Considering the Serious consequences and valuations, I believe rushing to roll out these updates to BRC20 is reckless, ignores peer indexers, and may harm the overall interests of the BRC20 user community."

Domo believes that integrating new updates into the BRC20 standard is a complex matter, and without a strong testing, coordination and verification infrastructure being built, these changes may be unsafe. He even bluntly stated that the actions taken by UniSat were not just a one-time technical push, but part of UniSat’s thoughtful and ongoing strategy to master the BRC20 agreement.

But after 3 days After the discussion, on January 5, BRC20 founder Domo stated on social media that he had reached a consensus with UniSat and other parties. The agreed path forward includes: 1. Adopting ord version 0.14 (that is, agreeing that BRC-20 will follow Ordinals to upgrade); 2. Ignore the latest Vindications proposed by Casey for the time being, which can be enabled in the future; 3. Solve the extreme cases raised in the Vindication PR; 4. Ignore the proxy/encoding issue.

It is reported that a charm named "vindicated" has been added to Vindication's PR to prove that only small changes to ord can be supported. It is hoped that the BRC-20 indexer of ord will be updated to the new version later by allowing it to temporarily ignore inscriptions with the "vindicated" charm until it is updated to the new version.

BRC20 governance upgrade is inevitable

Obviously, the last disagreements have a negative impact on BRC20 Governance structures have had a profound impact.

The new governance rules formulated by Layer 1 Foundation (L1F) may be to deal with similar governance disturbances to ensure that the future development of BRC20 is more transparent and stable. smoothly within the governance framework. The Layer 1 Foundation (L1F) stated that over the past few months, designing a transparent governance structure for BRC20 and ensuring that users are protected first will be critical to the future development and reliability of the protocol, especially considering that index-based protocols (not yet The task of designing a governance structure connected to a blockchain consensus mechanism is extremely complex and presents many challenges and pitfalls.

For an index-based protocol like BRC20, designing a governance structure that is both fair and flexible is a difficult task. Therefore, in order to ensure the future development and reliability of the protocol, it is crucial for Domo to formulate governance rules, and the BRC20 governance upgrade is inevitable.

By appointing leading BRC20 indexers such as Unisat and Best In Slot as partners, L1F can bring together more expertise and resources to drive the development of the protocol And maintenance. This will help increase transparency in governance, reduce the risk of centralization, and ensure the long-term health of the protocol. In addition, this may also be to increase Domo’s voice in BRC20 governance. By formulating specifications and appointing main maintainers, Domo and L1F may play a more direct influence in the future direction and decision-making of the protocol, affecting the stability and long-term development of the BRC20 community.