1 Sat, 1 color: A token idea!

Homepage > News > Editorial > 1 Sat, 1 color: A token idea! The views expressed in this article are those of the author and do not necessarily reflect the position of CoinGeek. TL;DR: BRC-162 upgrades BSV fungible tokens with a compact binary format that allows Bitcoin Script to read token data directly while potentially reducing script size by around 60%. The upgrade preserves existing BSV-21 tokens, requiring no migration, and unifies BSV-21 and BRC-92 into one standard. Wallet and indexer support is still pending, while the official name—Mandala Tokens—could eventually give way to the proposed 1Color Tokens. Key Takeaways: BRC-162 streamlines BSV token transactions by making token data easier for Bitcoin Script to process Existing BSV-21 tokens need no migration, but wallets and indexers must support BRC-162 for users to access the new format. BRC-162 unites BSV-21’s token model and BRC-92’s encoding into one standard, eliminating the need to support two separate formats. BRC-162 adopts the Mandala Tokens name, while 1Color Tokens remains under consideration as an alternative inspired by Bitcoin’s colored-coins concept. In the small hours of October 2, 2026, at 02:34 UT...