Binance has announced that Bitcoin ARC, the chain’s brand-new atomical assets, will be integrated into the native Web3 wallet as well as Inscriptions Marketplace to foster its supportive role for blockchain interoperability and extend its offerings.
Such integration propels other blocks that follow the trail of other exchanges adopting the ARC—20 assets, indicating the emergence of a wider sphere with token standards that feature interoperability between different blockchains.
ARC-20 integration and zero-fee trading promotion
Integrating Bitcoin ARC-20 assets by Binance is a major achievement, which underlines the company’s support for BRC-20 and EVM tokens, the two alternatives. The ARC20 tokenization on the Atomicals Protocol enables the creation of fungible tokens, which can only be held or transferred on the Bitcoin blockchain.
The ARC-20 tokens take advantage of native satoshis but can utilize the Unspent Transaction Output (UTXO) network for transaction history authentication and ownership records.
To celebrate the creation of the ARC-20 token pool, Binance will offer promotional free trading until June 2nd, 2024. The promotion is meant to attract new users to the platform and offer value enhancement for current community members by significantly reducing the costs of trading those cryptocurrencies.
Binance’s diverse network integrations
Besides the ARC-20 integration, Binance has embraced the wallet known as the Web3 platform that makes support for creation of the fold within the wallet. Taproot, the technical upgrade for the Bitcoin network in 2021 improves Bitcoin’s scripts for enhancing privacy, realistic transactions, and more smart contracts processing adoption.
Through Taproot support, users can switch conveniently between Taproot adresses and Native SegWit adresses which is going to lead into a better management of their BTC wallets and give the opportunity to users to choose their address according to their situation.
Binance have added the possibility of some additional blockchain networks that were inaccessible in its Web3 wallets before. The integrations do this by merging the strengths of various networks to meet the needs of users while offering a path to a wider adoption of different blockchain systems.
The integration of multiple public networks within the Binance Web3 Wallet allows for increased versatility and convenience for users, as it significantly increases the diversity of available assets and simplifies the task of digital asset management.
Discover page reorganization along with higher accessibility of DApp
The improved Discover page tool introduced on the Binance Web3 Wallet for smooth navigation and good user experience. The redesigned Discover page features three focused tabs. However, new workarounds include re-branded DApps, Airdrops, and Forked coins. Such re-designation will ease exploring Web3 services and features more and more intuitive and customer-oriented on the web.
Besides, Binance has integrated 35 new decentralized applications into Web3 Wallet that provides a full support to users, who are stepping into the decentralized web. This kind of DApps creates a personal connection for the ecosystem of the Web3, and they can offer users a variety blockchain services that can be accessed directly from their wallet.
