MicroVisionChain Unveils BRC-20 Decentralized Exchange for Bitcoin Sidechain

MicroVisionChain (MVC) has introduced a BRC-20 decentralized exchange (DEX) as part of its Q1 2024 roadmap. According to MVC's COO, Jason Kwok, the sidechain has developed a "1:1 mapping relationship" with Bitcoin, allowing users to swap BRC-20 token assets on the MVC sidechain and bypass high transaction and gas fees. MVC is also developing a meta-contract integrated development environment (IDE) that would enable the migration of DApps from the Ethereum Virtual Machine (EVM) to MVC's Bitcoin sidechain.