Summary
TLDR: The creator of BRC-20, Domo, has established the Layer 1 Foundation (L1F) to govern the BRC-20 protocol and collaborate with companies like Unisat and Best In Slot. The foundation aims to support the growth of Bitcoin metaprotocols and ensure innovation in a fair and market-neutral way. Unisat and Best In Slot will work as co-lead maintainers of the BRC-20 protocol and its indexer, focusing on decentralization. Five Ordinals companies have been appointed to the L1F Oversight Committee to enforce governance guidelines. The non-profit foundation seeks to advance metaprotocols on Bitcoin and provide educational resources for developers.
Key Points
1. The Layer 1 Foundation, led by the creator of BRC-20, has been established to oversee the governance of the BRC-20 protocol, collaborating with companies such as Unisat and Best In Slot.
2. Unisat and Best In Slot have been appointed as co-lead maintainers of the BRC-20 protocol, working within the governance guidelines set by L1F to advance decentralization of the BRC-20 indexer.
3. The L1F Oversight Committee, consisting of five Ordinals companies, has been appointed to enforce governance guidelines for the BRC-20 standard, aiming to support innovation in a fair and market-neutral manner within the Bitcoin ecosystem.