Solving Ordinals Sniping with MagicEden

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Stephen & Matthew, engineering & product at Magic Eden, explain how the platform combines cutting edge bitcoin tech & product design to solve mempool sniping. Magic Eden, a major marketplace in digital assets, is advancing tools and functionalities like counter-sniping and signature verification aimed at enhancing user experience and transaction security on Bitcoin’s network. They discuss how their efforts in Ordinals and Runes—two digital asset types on Bitcoin—are bringing more seamless and reliable trading experiences, reducing issues like transaction sniping in the mempool and making assets more accessible through a user-friendly marketplace interface.

The guests highlight the challenges and opportunities of building on Bitcoin, emphasizing the unique complexity and promise the blockchain offers. With the integration of shields and new user settings, Magic Eden is enhancing asset liquidity, especially during high-demand events like new mint launches. The conversation ends on an optimistic note about the future of Bitcoin development, with the guests underscoring the enthusiasm and community support for expanding functionality in the ecosystem, even as they tackle Bitcoin’s technical constraints, which they see as both hurdles and distinctive strengths.

Follow our guests: @MakeTokensFun @summraznboi

Bitcoin Season 2 is brought to you by Botanix!

Botanix Labs is pioneering a new direction for DeFi with the first EVM L2 running on Bitcoin that’s built to be forward secure, decentralized, and share gas fees generated by the network with users.

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Timestamps:

00:34 Intro

02:19 Roles in Magic Eden, Joining Ordinals

05:57 Growth in Bitcoin Ecosystem & Magic Eden’s Vision

07:13 Expanding Beyond Ordinals: Runes & Ecosystem Building

10:56 Marketplace Challenges & Collaboration in Engineering

20:33 User Benefits: Shield Icon, Mempool Fix & Cart Optimization

30:06 New Trading Features & Improved User Experience

33:11 Enhancing Liquidity & Making Runes Accessible

38:18 Mobile Launch & Broader Market Adaptation

42:28 Magic Eden’s Future in Bitcoin Community & Challenges

45:56 Future Outlook on Bitcoin Economy & Innovation

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