News: The well-known Solana ecological wallet Phantom announced support for the Bitcoin network, allowing users to purchase inscriptions directly on Magic Eden and send and receive Taproot assets.
Phantom supports the Bitcoin network
The Phantom team has completed the integration of the Bitcoin network and provided a public beta version for all users to participate. We support digital assets such as BTC, BRC-20, Ordinals, and also support Segwit and Taproot addresses to meet market demand for the Bitcoin network.
For inscriptions, Phanotm provides a Sat Protection function, which can automatically retain relatively valuable "rare satoshis" for users while they are conducting transactions.
Phanotm provides Sat Protection function to retain users’ rare Satoshi
Phanotm provides users with credit card options to purchase Bitcoin, which further optimizes the user experience and is currently available. MoonPay and CoinbasePay use credit cards to purchase assets.
Currently, the Phantom Bitcoin network is hidden by default. To use this feature, users need to manually enable it: go to "Settings", click "Network", turn on the "Bitcoin Network" option, and then you can see the Bitcoin address on the home page.
Phantom cooperates with Unisat
Unisat also recently announced the integration of the Phantom wallet. Users can use the wallet to trade inscriptions on the Unisat market.
The competition for wallet development is fierce
In addition to the original Solana and the newly added Bitcoin network support, Phantom also opened Ethereum and Polygon network support at the end of last year, and gradually began to support multiple chains. , trying to seize more market hot spots and opportunities.
Recently, exchanges and on-chain protocols have gradually launched wallet products. First-line players including OKX, Binance, Uniswap and other first-line players have begun to provide competing wallet products. Even the old wallet Metamask has been updated more frequently than before. Wallet As the user entrance to the encryption industry, competition is rapidly increasing.
Phantom stepped up its pace and used limited resources to seize market hot spots and try to gain a foothold in the market.
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