📢 SAT20 L2 Asset Transfer Testing
We are thrilled to announce this historic moment! SAT20 has enabled native Layer 1 assets to seamlessly transfer to Layer 2 (SatoshiNet). The test demo is now live on the testnet4!
Below are the testing details and procedures. We encourage everyone to actively participate and share your valuable feedback.
- Test Platform: [https://t.co/WOUQdqwi0Y]
- Asset Minting/Purchasing Platform: [https://t.co/OqsKF6QEi1]
(Supports Unisat or SAT20 Wallet; please switch to TestNet4)
== L2 Testing Process ==
I. Preparations
1. Create a Test Wallet
- Follow the on-screen instructions to create a test wallet.
- Note: The default test password cannot be changed. Please save the mnemonic phrase for future use.
2. Obtain Test Tokens and Assets
- Get Test Tokens:
- Use the Faucet to claim test tokens or transfer them from another test wallet.
- Get OrdX Assets:
- Option 1: Purchase test assets (e.g., dogcoin or pizzatest) from [https://t.co/oAYAZ7bKB7]
- Option 2: Mint supported assets directly (e.g., dogcoin):
1. Click the “Inscribe” button and input the asset name (e.g., dogcoin).
2. Wait for verification, submit, complete the signature, and mint successfully.
II. Assets Seamlessly transcending between L1 and L2 through the Lightning channel.
1. Open a Lightning Network Channel
- Enter the amount of assets to deposit into the channel (recommended: at least 30,000 sats).
- Confirm and wait for the on-chain transaction to complete.
2. Lock Layer 1 Assets into the Lightning Channel
- Click the “Splicing In” button and input the amount of assets to lock.
- Submit and wait for on-chain confirmation.
3. Unlock Assets and Transfer to Layer 2 (SatoshiNet)
- Click the “Unlock” button, input the amount of assets and BTC balance (in sats) to transfer to SatoshiNet.
- Confirm the submission and check the SatoshiNet wallet for the corresponding assets and BTC balance.
4. SatoshiNet Transfers
- Click “Send” and input the target Taproot address.
- Select the asset or BTC to transfer, input the amount, and confirm.
- Once the transfer is complete, check your account for updated balances.
5. Lock Layer 2 Assets into the Lightning Network Channel
- On SatoshiNet, click the “Lock” button for the corresponding asset or BTC to complete the locking process.
6. Withdraw Assets to Layer 1
- Click the “Splicing Out” button and select the asset or BTC to withdraw.
- Input the withdrawal amount, confirm, and wait for on-chain confirmation.
Verify Layer 1 Account Balance
- Wait for the on-chain transaction to broadcast.
- Check the Layer 1 (BTC TestNet4) wallet to verify the assets received.
Test Notes
This test provides an opportunity to experience the innovative features of the SAT20 L2 solution. The process optimizes asset transfers through Lightning channels and facilitates seamless transactions on SatoshiNet.
Thank you for your participation and support!