Cryptocurrency Q&A
Is BTC an EVM?
Is BTC an EVM?
Federica
Sun Sep 01 2024
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6 answers
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Could you please clarify if Bitcoin (BTC) is an Ethereum Virtual Machine (EVM)? As I understand, BTC is a decentralized digital currency, utilizing blockchain technology for secure, peer-to-peer transactions. On the other hand, EVM is a runtime environment for smart contracts in the Ethereum blockchain. So, I'm wondering if there's a direct connection between BTC and EVM, or if they are fundamentally different entities in the world of cryptocurrency?
6 answers
SamuraiHonor
Tue Sep 03 2024
By leveraging the Internet Computer (ICP) protocol, Bitfinity seamlessly integrates with the Bitcoin network, fostering interoperability and enhancing its functionality.
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ShintoMystical
Tue Sep 03 2024
Bitcoin layer 2 solution, Bitfinity, has recently unveiled its Ethereum Virtual Machine (EVM) integration, marking a significant step forward in the cryptocurrency landscape.
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KimchiQueenCharmingKissWarmth
Tue Sep 03 2024
This move enables smart contracts to be deployed on the Bitcoin protocol, harnessing the power of smart contract capabilities typically associated with Ethereum.
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Giuseppe
Mon Sep 02 2024
Asset bridging is a crucial aspect of Bitfinity's offering, enabling users to bridge their assets from Bitcoin to other blockchains, facilitating seamless transactions and increased liquidity.
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Marco
Mon Sep 02 2024
Bitfinity's integration of EVM into the Bitcoin ecosystem is poised to revolutionize DeFi applications on the Bitcoin network, opening up new avenues for decentralized finance services.
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