By Pepe The Expert

Unisat.io Wallet is the first open-source browser extension wallet for Bitcoin NFTs, populary known as #ordinals.

Their #satsnames search engine is absolutely the best in the industry, so far.

This is their first exclusive Interview ever and we are super excited to introduce them to you.

Before we jump in, please consider supporting 1nft.blog with some Sats so we can keep the lights on and keep bringing you more exciting exclusive features.

1. First of all explain the concept and value of Unisat wallet in regards to its open source, searching for satsnames, inscribing and trading of #ordinals?

• UniSat Wallet is a Chrome extension wallet with a 100% open source MIT License from day one. The development process has been transparently running on GitHub to ensure that every line of the wallet code is verifiable and self-proven.
• During our research on Ordinals, we found a clear gap between user requirements and existing wallets. As a user, I simply want something that is lightweight (no need to run a full node), fast (no need to wait for minutes-to-hours block confirmation), and transparent (no worries about hidden activities). However, such a wallet did not exist in this space, so we developed UniSat Wallet in two weeks in February.
• With a fully-indexed database of Ordinals running, we were able to quickly implement UniSat Inscribe and UniSat Search in just a few days. It’s worth mentioning that UniSat Inscribe is the most cost-effective inscribing service in this space.
• All these services are focused on optimized processing speed, parallelism, and responsiveness. For example, inscription transactions are created concurrently on isolated addresses immediately after payment transactions reach the mempool in seconds. They are also simultaneously created on different UTXO branches without reusing or sharing the same UTXO set.

2. What separates Unisat wallet from other ordinal wallets that are immerging in the space?

• Fast. Instead of waiting for your inscriptions getting mined into blocks like others, UniSat Wallet is constantly watching the mempool closely from our node infrastructure and presents your freshly created/received inscriptions instantly in seconds, just like what happens in UniSat Search. It’s uniquely fast for your daily usage.
• Prevention. UniSat Wallet manages the Ordinals outputs, which hold your inscriptions, separately from the “pure” satoshi outputs that hold your coins. This ensures that your inscriptions are never mistakenly sent within a typical coin transaction.
• Wallet Connect. We are actively working on Wallet Connect/Sign/Send API this weekend, and it will be available for different markets to integrate with next week.
• PSBT Support. PSBT is a crucial feature for a trustless market on the Bitcoin blockchain. UniSat Wallet is committed to supporting PSBT and helping to build a trustless market with great built-in wallet support.

3. On which ordinals market places can Unisat wallet users list their ordinals for sale?

• OpenOrdex, Ordx, and Ordswap are great existing marketplaces. You can use UniSat Wallet to easily send, receive, and store your Ordinals from or to these marketplaces.
• It is too early to say whether UniSat will launch its own marketplace, but with a well-implemented PSBT feature, we can explore opportunities in that area.

4. Some Bitcoin purists are reportedly unhappy about the minting or inscription of ordinal nfts on Sats. What is your perspective? Are ordinals a good thing for the Bitcoin network and for the mass adoption of btc?

• I’d say it’s a really clever idea to utilize the ordinal attribute of the coins in ‘another’ way that is unexpected. From a pragmatic standpoint, this adds a new dimension of versatility to fungible coins, significantly expanding the number of possible applications for Bitcoin, which is beneficial for developers.
• From a miner’s perspective, compared to a typical coin transaction with the lowest acceptable economical fee rate, inscriptions are generally created with a much higher fee rate because it involves a value-injection process, which is of course an encouraging use case.

5. Someone inscribed a graphic pornographic picture on the Bitcoin blockchain #Goatse using ordinals protocol. The inscription is permanently now stored on the Bitcoin network. What are your thoughts on this? In future someone could potentially inscribe revenge porn or other illegal material. How do you propose a solution to the problem?

• It happens on all blockchains as long as permissionless writing is enabled. It is the duty of the service processing the big data to comply with local laws and prevent the display of inappropriate content with different levels of sensitivity in different countries/regions. Service providers can leverage well-trained AI models to ease their work, though. If an advanced user runs a full node to sync all data and checks out the content they are interested in, I don’t think it’s a problem.
• My solution to this problem is to grow the Bitcoin blockchain into a real-world infrastructure for real-world businesses as early as possible, so that massive real-world payments and thousands of applications will explosively take over the space and make significant noise and stories to push these bits and pieces into a corner, just like what happens on the internet.

6. Some are calling ordinals”crypto grafitti” but others see them as uncensorable freespeech, what are your thoughts on this assertion? And by the way I love graffiti.

• Well, it depends on how we value it. People desperately love the narratives of eternity, even if it could be an illusion to some degree. A memorable anniversary inscription could be some meaningless random bytes to someone else. If you ask them about the idea of stripping out the content from the Bitcoin blockchain, you may get totally different opinions.
• I like the mathematically concise ordinal concept, which is a far more elegant way than writing bytes into OP_RETURN.

7. Now that the Bitcoin network is being used for digital collectibles, what other uses do you forsee on the BTC network?

• In the near future we are planning to build games and marketplaces about inscriptions. I’m also considering combining Taproot and zero-knoledge to produce something interesting, but it’s too early to say what we can achieve. Let’s see how we do in the next few weeks.