BRC-20 Faces Double-Spending Risk: Magic Eden Suspends BRC-20 Trading

Abstract:BRC-20 Faces Double-Spending Risk: Magic Eden Suspends BRC-20 Trading

According to the community user @SanjFomojis on the X platform, “Currently, different markets are using different versions of 'ord,' and they index different token IDs. Before Magic Eden, OKX, and UniSat Wallet all adopted the same ordinal numbers, there is a risk of double-spending when trading BRC-20 tokens.”

Magic Eden announced on the X platform, “We have temporarily suspended BRC-20 token trading to best protect our users until all BRC-20 tokens achieve full consensus.” Magic Eden stated that all other transactions on their platform are operating normally and are not affected.

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