BEVM

What is BEVM?

BEVM is a Bitcoin Layer-2 Network developed based on Substrate, fully compatible with the Ethereum Virtual Machine (EVM).

As a result, you can engage in comprehensive interactions with BEVM using the Ethereum API and Substrate API. BEVM employs the same account system as Ethereum, and your mnemonic phrase and private key are interchangeable with your Ethereum account. Consequently, you can use Metamask or other wallets fully compatible with Ethereum to interact with BEVM.

BEVM is based on technologies such as Schnorr's signature algorithm, brought about by the Taproot upgrade, allowing BTC to cross-chain from the Bitcoin mainnet to Layer 2 in a decentralized approach. Since BEVM is compatible with EVM, it allows all DApps which can run in the Ethereum ecosystem to operate on BTC Layer 2, with BTC serving as Gas.

How does BEVM support the Bitcoin ecosystem?

Decentralized BTC Layer 2: BEVM is designed to enhance the Bitcoin ecosystem by facilitating decentralized Layer 2 solutions. By integrating BEVM, developers can create smart contracts and decentralized applications (dApps) on top of the Bitcoin Network, leveraging its security and network effects while expanding its utility. This innovation not only fosters scalability and interoperability but also opens avenues for innovative financial services and decentralized exchanges, ultimately enriching the Bitcoin ecosystem.

EVM Compatibility: BEVM enables Bitcoin to seamlessly integrate with the Ethereum Virtual Machine (EVM) and its surrounding ecosystem by utilizing BTC as Gas, thereby enhancing compatibility and interoperability between the two networks.

Decentralized Cross-Chain Processing: BEVM utilizes Taproot technology and POS consensus nodes for secure, decentralized handling of asset and data cross-chain transactions between BEVM and the Bitcoin mainnet.

Strengthened Consensus Framework: BEVM introduces an advanced Proof of Stake (PoS) consensus mechanism, integrating three key types (block-producing, management, BTC threshold signing), bolstering the network's security and adaptability.

Improved Network Scalability: With the capacity to accommodate up to 1000 consensus nodes, BEVM significantly enhances scalability without compromising the network's decentralization or security, ensuring sustained performance as the network grows.