Bitfinity

What is Bitfinity?

Bitfinity represents a cutting-edge EVM solution, boasting blazingly fast speeds exceeding 1000 transactions per second (TPS). Positioned as a next-generation Layer Two for Bitcoin and various Bitcoin on-chain assets, Bitfinity empowers users to deploy smart contracts for Bitcoin, Ordinals, and BRC-20 tokens, all scripted in Solidity. Leveraging the Internet Computer platform, Bitfinity pioneers a new era of interoperability and efficiency within the blockchain ecosystem.

In contrast to prevalent methods like zero-knowledge cryptography or optimistic rollups, Bitfinity introduces a novel approach with its Chain-Key, a threshold cryptographic scheme. This innovative mechanism establishes a secure and decentralized bridge between Bitfinity and the Bitcoin blockchain. Notably, Chain-Key distinguishes itself by ensuring that no single node possesses access to the threshold key, with the key shares regenerated periodically every 11 minutes using the concept of "moon-math," enhancing security and resilience in the bridge architecture.

How does Bitfinity support the Bitcoin ecosystem?

EVM Compatibility: Bitfinity emerges as a groundbreaking Layer 2 solution built on the Bitcoin Network, introducing enhanced Ethereum Virtual Machine (EVM) compatibility. This compatibility enables seamless integration with Ethereum's ecosystem, facilitating the deployment of smart contracts and decentralized applications (dApps) on Bitfinity. At its core, Bitfinity harnesses the power of the Bitcoin blockchain while offering the versatility and functionality of the EVM. This integration allows developers to leverage familiar tools and programming languages such as Solidity, empowering them to build sophisticated smart contracts for Bitcoin and other assets on the Bitcoin Network.

Enables DeFi on Bitcoin: Bitfinity is poised to revolutionize the landscape of decentralized finance (DeFi) by bringing its capabilities to the Bitcoin Network. This integration not only expands the utility of Bitcoin as a store of value but also opens up new avenues for financial innovation, tapping into the vast liquidity and user base of the Bitcoin ecosystem. With Bitfinity, DeFi becomes more accessible, efficient, and secure, ushering in a new era of decentralized finance on the Bitcoin Network.

Interoperable with Ethereum: With Bitfinity, you can transfer your tokens seamlessly between Ethereum, the Internet Computer and the Bitfinity Network using the Neuro Bridge.