Bitget Wallet Strengthens BTC Ecosystem Support with ARC-20 Inscription and Lightning Network Integration
Victoria, Seychelles, February 8, 2024, Chainwire
Bitget Wallet, the world’s leading Web3 transaction wallet, has further strengthened its support for the Bitcoin ecosystem by announcing ARC-20 inscription support and Bitcoin Lightning Network integration in its latest version.
ARC-20 inscription
In the latest app version, Bitget Wallet now supports ARC-20 inscription, allowing users to engrave ARC-20 inscription and check market trends. Bitget Wallet is committed to improving the mobile user experience and will continue to expand support for ARC-20 inscriptions. Most ARC-20 engraving products are mainly produced for PCs, but Bitget Wallet prioritizes a smooth mobile experience and focuses on providing products and services that allow for easy engraving anytime, anywhere.
Recognizing the value consensus and potential evolution of Bitcoin and its derivative assets, Bitget Wallet previously supported BRC-20 assets, providing features such as asset denominations for BRC-20, transfers, market trends, and the launch of the GetScribe tool. . Supporting the ARC-20 Epitaph helps address issues such as infrastructure gaps, limited public understanding, and high barriers to entry, and promotes the development of the Epitaph ecosystem.
ARC-20 boasts unique technical advantages, similar to BRC-20, which is widely discussed in the blockchain community. However, it faces challenges including incomplete infrastructure, limited public awareness, and relatively high barriers to entry. Bitget Wallet is a Web3 wallet with 15 million users and is committed to providing convenient and user-friendly products and services. Integration of ARC-20 support is expected to solve these problems and contribute to the development of the epitaph ecosystem.
In addition to Bitget Wallet, Bitget Exchange actively supports the Inscription ecosystem and combines decentralized and centralized strategies to provide services to users. Users can deposit, view, and transfer on Bitget Wallet, participate in the new asset launchpad, and trade unwritten assets on Bitget Exchange.
Embrace Lightning Network, recognize growth potential
Bitget Wallet also maintains its focus and support for Bitcoin Layer 2 solutions such as the Lightning Network.
The latest version allows users to create a Bitcoin Lightning Network account, generating an email-style address as their Lightning Network ID. Users can send and receive SAT on the Lightning Network via LNURL or invoices. The Lightning Network, Bitcoin’s second layer solution, enables faster and cheaper BTC transfers, ideal for micropayments.
Alvin Kan, Chief Operating Officer of Bitget Wallet, highlighted the revolutionary potential of the Lightning Network, positioning it as a pivotal solution to scalability problems and a catalyst for future growth and innovation within the Bitcoin ecosystem. Alvin envisions the Lightning Network strengthening Bitcoin’s practicality, reaching a broader user base, and paving the way for the development of sophisticated decentralized applications (DApps), new assets, and expanded functionality.
Bitget Wallet not only provides essential features such as BTC asset representation and management, swap trading, and seamless onramp options, but also ensures compatibility with the Taproot protocol and seamless integration with the Lightning Network. The wallet’s roadmap includes streamlining asset transfers, improving operational efficiency, facilitating exchanges between BTC mainnet and Lightning Network assets, and supporting cross-chain trading between BTC and EVM assets.
The surge in Bitcoin ecosystem assets like Epitaph has reignited discussions about Bitcoin Layer 2 (L2) along with the Lightning Network. A number of new L2 projects are emerging that aim to enhance liquidity and foster innovation and prosperity within the Bitcoin ecosystem.
Bitget Wallet actively supports and cooperates with Bitcoin L2 to provide wallet infrastructure services for L2 and efficiently promote user access to Bitcoin L2. Currently, many new Bitcoin L2 solutions utilize the EVM chain as an expansion layer. The default Bitcoin ecosystem wallet may not support the EVM chain. However, through successful expansion and deep participation in the multi-chain domain, Bitget Wallet has excellent compatibility and support for both EVM chains and BTC chains, effectively meeting the needs of projects and users.
Currently, Bitget Wallet excels in a variety of product features, including BTC asset management, swap trading, OTC, Inscription asset market trends, Inscription, Lightning Network integration, and Bitcoin Layer 2 support. Bitget Wallet has emerged in the Bitcoin ecosystem area. As a leading player, we provide versatile ecosystem support.
Additionally, Bitget Wallet is actively expanding cooperation with more than 20 Bitcoin ecosystem projects to strengthen wallet connectivity. Additionally, Bitget Wallet is actively contributing to the growth of the Bitcoin ecosystem by providing new assets and opportunities to users through collaboration with protocol and project teams.
Bitget Wallet anticipates continued empowerment, especially as Inscription’s popularity grows within the Bitcoin ecosystem. The expected growth in the value of Bitcoin and the introduction of innovative Inscription assets are poised to significantly contribute to the dynamic development of the Bitcoin ecosystem and the Inscription market in the coming years.
“The current state of the wallet market infrastructure is still evolving and lacks comprehensive coverage, presenting a clear opportunity that we recognize,” said Alvin Kan. “The team has a significant focus on the Bitcoin ecosystem, and Bitget Wallet is committed to bridging existing gaps. Through wallet support, we have established ourselves as a pivotal contributor to the advancement of the ecosystem.”
Introduction to BitGet Wallet
Bitget Wallet is Asia’s largest and one of the world’s leading non-custodial Web3 wallets, boasting over 15 million users worldwide. With comprehensive features including asset management, intelligent market data, swap function, launchpad, imprint, DApp browsing, etc., Bitget Wallet promises users an unparalleled multi-chain Web3 experience. Currently, Bitget Wallet supports over 100 blockchains, hundreds of EVM-compatible chains, and over 250,000 cryptocurrencies. Bitget Wallet can facilitate smooth and efficient trading across 40+ blockchains by aggregating liquidity across hundreds of major DEXs and cross-chain bridges.
Bitget Wallet is emerging as the best choice for Web3 users looking to discover new assets and opportunities. The platform’s intelligent data features provide market-wide trend analysis and multi-dimensional market rankings along with smart money movements, providing users with an exceptional trading experience. Features like Launchpad, Fair LaunchPool, and OmniChain imprints give users multiple ways to engage with new projects and give them a head start on adding new assets to their portfolio. Additionally, Bitget Wallet’s incentivized interaction platform, Task2Get, provides exciting rewards to users who interact with the feature-rich ecosystem, creating a dynamic multi-chain experience for everyone.
To better protect user funds, Bitget Wallet has built a state-of-the-art security matrix that uses a variety of safeguards to secure user transactions and interactions. By integrating MPC and AA wallet technologies with hardware wallet compatibility, Bitget Wallet can provide users with powerful asset management options. Additionally, the core code of Bitget Swap and the NFT marketplace undergoes rigorous audits by an external security audit firm, strengthening the platform’s defenses against malicious threats. Bitget Wallet users can also share a $300 million User Protection Fund with Bitget to further enhance security.
For more information, please visit:
contact
Rachel Cheung
(email protected)