Cryptocurrency Q&A
Does Bitcoin use EVM?
Does Bitcoin use EVM?
Bianca
Thu Aug 22 2024
|
7 answers
1915
Excuse me, could you clarify something for me? I've been reading about Bitcoin and Ethereum, and I'm a bit confused about their technical differences. Specifically, I was wondering if Bitcoin utilizes the Ethereum Virtual Machine, or EVM, in any way? I understand that EVM is a key component of the Ethereum blockchain, allowing for smart contracts and other advanced functionalities, but I'm not sure if Bitcoin incorporates it in any form. Could you shed some light on this for me, please?
7 answers
Giuseppe
Sat Aug 24 2024
Asset bridging is a crucial feature for interoperability in the world of blockchain. It enables the seamless transfer of assets between different blockchains, allowing for greater flexibility and efficiency in the management of digital assets.
Was this helpful?
209
88
SarahWilliams
Sat Aug 24 2024
Bitcoin layer 2, Bitfinity, has made a significant breakthrough in the world of cryptocurrency. They have recently introduced their Ethereum Virtual Machine (EVM) to the Bitcoin ecosystem.
Was this helpful?
139
43
Tommaso
Sat Aug 24 2024
This integration of EVM with Bitcoin protocols is a game-changer as it enables the use of smart contracts on the Bitcoin network. This feature allows for the development of more complex and innovative decentralized applications (DApps) on Bitcoin.
Was this helpful?
346
39
Giulia
Sat Aug 24 2024
Bitfinity's EVM utilizes Runes, a unique technology that harnesses the power of the Bitcoin network to enable Bitcoin DeFi apps. This means that users can now enjoy the benefits of decentralized finance (DeFi) while staying within the Bitcoin ecosystem.
Was this helpful?
276
80
lucas_taylor_teacher
Sat Aug 24 2024
Built on the Internet Computer (ICP) protocol, Bitfinity is able to seamlessly integrate with the Bitcoin network. This integration not only enhances the functionality of the Bitcoin network but also allows for asset bridging to other blockchains.
Was this helpful?
382
89
Load 5 more related questions
