jakiro
Author: Samuel Haig, Defiant; Translation: Bit Chain Vision Xiaozou
With the launch of the Bitcoin Spot Exchange Trading Fund (ETF), Bitcoin has recently occupied major news headlines, and the popularity remains high, but critics believe that the network failed to keep up with a wider WEB3 ecosystem’s innovation pace.
However, a group of emerging projects are under construction. These networks are compatible with the Ethereum virtual machine (EVM) intelligent contract compatibility and extend the effectiveness of Bitcoin to pay.
The L2 network is based on the existing L1 blockchain, using L1 to achieve the final certainty and security of transactions.Ethereum’s L2 ecosystem has developed rapidly in recent years, while providing low -cost transactions while inheriting the security of the Ethereum main network consensus layer.According to L2Beat data, the current total lock value (TVL) of Ethereum L2 is US $ 21.1 billion.
1As well asConfluxAnnounce BitcoinL2plan
On January 18, the Conflux Layer 1 network development team became the latest project to join the battle. It was announced that it was planned to launch a test network in February or March to launch a Bitcoin L2 compatible with EVM in May.
BTC will become L2’s native GAS tokens, and BTC holders can also pledge BTC to participate in its consensus and governance mechanisms for their rights and interests (POS).
Smart contracts deployed on the network can also access events on the Bitcoin blockchain.Conflux said the network will bring DEFI effect on Bitcoin -based assets (such as inscriptions tokens).
“Introducing the EVM Bitcoin L2 solution compatible with EVM on Conflux has opened up extensive possibilities for blockchain developers and innovators,” Conflux said.”Developers can now build decentralized applications that are seamlessly interacting with all three areas, release new cross -chain function opportunities, and create a more closely related blockchain pattern.”
2As well asBitfinityComplete financing
On January 10, Bitfinity announced that it had successfully raised $ 6 million by a round of token sales before its main network was released (at the end of January or early February).
Bitfinity also plans to launch a Bitcoin L2 compatible with EVM based on the DFINITY Foundation.Bitfinity hopes to build a DEFI ecosystem with Bitcoin security guarantee.
Earlier, Bitfinity completed a $ 1 million seed round financing in 2021. The participating institutions include Polychain Capital and Parafi Capital, and Bitfinity’s valuation was increased to $ 130 million.The last round of financing ended in June, and the Bitfinity team did not immediately issue relevant announcements. It was not until a few weeks before the project’s main online online that this round of financing was announced.
3As well asBotanixCelebrate Testing Network Deployment
On November 29th, Botanix announced that after a year of research and development, it has launched the first “EVM Equivalence” on the test network.BOTANIX also launched an accelerator program to support 10 projects based on BOTANIX -based DAPP.
“In a multi -chain world, it is clear that EVM is the leader of the virtual machine -not only for Ethereum, but also widely used on any blockchain,” said Willem Schroe, founder of Botanix Labs.”EVM’s tools, support and vibrant developer communities make it a programmatic natural polymer.”
On January 19, Botanix revealed that developers who are hoping to build EVM applications on Bitcoin organize a hacker marathon contest.
4As well asSatoshipmmBe charged“Run away“
However, in the newly launched Bitcoin EVM L2 ecosystem, a project has caused publicity.
Satoshipm is a Bitcoin L2 Rollup calculated using EVM for linked. Its team was attacked for selling seven -digit tokens from a wallet controlled by a developer.
On January 20, 1.21 million SAVM tokens (equivalent to 11.5%of the tokens) were distributed to 200 addresses, and several of them were related to celebrities with great influence.Earlier, many celebrities said that Satoshivm may be airpaced to the test network participants after the test network deployment on January 13.
The project also launched the initial liquidity issuance (ILO) to the tokens by Boundce Finance, which caused people to worry about ILO participants that may be exited with withdrawal liquidity.Subsequently, these funds were transferred to a multi -signed account controlled by Boundce and Satoshivm to calm down their doubts.
On January 19, Satoshipm said that Savm was listed on Uniswap.Since the listing of Coingecko on January 19, the price of SAVM has risen by 69.5%, but it has fallen by 28.5%since yesterday set a local high point of $ 14.
LOOKONChain on the well -known chain pointed out that a wallet of the Satoshivm team sold tokens worth more than $ 1 million on January 22.
The famous web3 commentator Zachxbt said on Twitter: “Remember, when celebrities with a large number of fans start to raise a project at the same time, the reason is likely that they have obtained tokens.Price Currency.
5, Bring the smart contract to other projects in Bitcoin
Although there are many recent promotional hype, the upcoming EVM Bitcoin L2S is not the first project to provide smart contract functions for Bitcoin.
The RootStock side chain was released in 2018 to achieve intelligent contract deployment through its ROOTSTOCK virtual machine (EVM fork).Last month, GFX Labs released a bifurcation of Uniswap V3 on the network -OKU.According to DEFI LLAMA data, Rootstock’s current total lock is worth $ 130 million.
In January 2021, Stacks also launched its own “Layer 1.5” network, providing smart contract execution through its Clarity virtual machine.Stacks currently TVL is $ 51.2 million.
