BRC Standard | BRC-20 Indexes

The Layer 1 Foundation (L1F), founded by BRC20 Creator @domodata and friends, is excited to announce its organization of a new BRC20 governance structure—including the appointment of several leading BRC20 indexers as collaborators. Over the past months, it’s become clear that designing a governance structure for BRC20 that is transparent—and protects users first and foremost—will be crucial to the future growth and reliability of this protocol. We understand that designing fair and resilient governance structures for index-based protocols—that are not connected to blockchain consensus mechanisms—is a difficult task and will have baked-in imperfections. Nonetheless, L1F believes in the future of BRC20; is committed to best practices for user safety; and is committed to the advocacy of decentralized governance wherever possible. In this effort, L1F has established a governance resolution and standards of procedure for BRC20 development—and has asked several leading indexers and BRC20 stakeholders to publicly commit to upholding these principles. We are excited to announce the following partners in this effort—including @hirosystems, @ALEXLabBTC, @OylDynamics, @AlliumLabs, and @UTXOmgmt—as well as the appointment of @unisat_wallet and @bestinslotxyz as co-lead maintainers of the BRC20 protocol going forward. In addition to its support of BRC20, L1F aims to provide public tooling, educational resources and an open discourse forum for open-source developers building metaprotocols of all kinds on Bitcoin. We imagine the realization of a decentralized economy on Bitcoin—and will support that vision through non-profit advocacy of open-source development and education in this arena. To read more about the Layer 1 Foundation—and/or to make a donation to support BRC20 and other metaprotocols on Bitcoin—we hope you’ll visit the layer1.foundation For questions about our mission, governance guidelines, or questions about donations—feel free to DM the foundation @L1fxyz or VP @isabelfoxenduke for more information. → Layer1.foundation