Bitcoin sidechain MicroVisionChain plans to launch a BRC-20-based DEX in Q1 next year
According to Cointelegraph, developers of the Bitcoin sidechain MicroVisionChain (MVC) are preparing to launch a decentralized exchange (DEX) based on BRC-20 in the first quarter of 2024. MVC Chief Operating Officer Jason Kwok introduced the "1:1 mapping relationship" they established with Bitcoin on the sidechain, allowing for the exchange of BRC-20 token assets on the MVC sidechain, avoiding the high transaction and fuel costs required to deploy decentralized applications (DApps) on the Bitcoin mainnet. In addition, MVC is also developing a meta-contract integrated development environment (IDE) to migrate DApps from the Ethereum virtual machine (EVM) to the Bitcoin sidechain of MVC.
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