A coalition of Bitcoin developers have rallied to govern the BRC-20 fungible token standard as the Ordinals protocol surges in popularity. The coalition, which calls itself the Layer 1 Foundation, announced its new BRC-20 governance structure in a lengthy tweet on X on Monday. The Layer 1 Foundation (L1F), founded by BRC20 Creator @domodata and The post Bitcoin Developers Forge Alliance to Standardize BRC-20 Tokens Amid Rising Popularity appeared first on Cryptonews .