An X user just recently determined disparities in Binance's BRC-20 ORDI balances triggered by irregular indexing.
On the UniSat indexer, Binance has 7.239 million ORDI, while the Ordiscan index shows a holding of 2.293 million ORDI. This variation totals up to around 5 million.
Inconsistencies in BRC-20 ORDI Balances on Binance
BRC-20 ORDI, a speculative token constructed on the Ordinals procedure, has actually triggered argument due to differing balance reports from indexers.
Dumpster_DAO discovered this concern throughout their examination, exposing a disparity of around 5 million ORDI in between 2 indexers. According to UniSat, an indexer utilized by Binance, the exchange holds 7.239 million ORDI. The Ordiscan index reports a lower figure of 2.293 million ORDI.
The BRC-20 token requirement, presented in early 2023, allows the production of fungible tokens utilizing the Ordinals procedure on Bitcoin. These tokens, consisting of ORDI, are engraved on satoshis (the tiniest system of Bitcoin) and can be minted and moved. Unlike ERC-20 tokens on the Ethereum network, BRC-20 tokens do not utilize clever agreements and hence provide restricted performance.
Dumpster_DAO likewise specified that while exchanges like OKX and Bybit utilize UniSat information, Binance depends on Ordiscan information,
