Bitmain Invests in BTC Layer2 Project BEVM
Bitmain, a leading manufacturer of cryptocurrency mining servers, has made an undisclosed investment in the BTC Layer2 project BEVM. This investment signifies Bitmain’s first foray into the Bitcoin Layer2 sector. Gavin Guo, Core Builder of BEVM Foundation, highlighted the future plans for BEVM, including exploring Bitcoin hashrate and the PoW ecosystem’s application on BEVM to enable the migration of PoW hashrate assets and BTC to BEVM. This move aims to enhance Bitmain’s assets and unlock liquidity and diverse financial applications within the BTC Layer2 network.
BEVM: Revolutionizing Bitcoin L2 with EVM Compatibility
- BEVM is an EVM-compatible Bitcoin Layer2 network using the Taproot Consensus and BTC as Gas.
- Leverages native Bitcoin technologies like Schnorr Signature, MAST, and the Bitcoin Light Node Network.
- Enables decentralized BTC cross-chain functionality for trustless integration into various applications.
BEVM officially launched its mainnet on March 28th with over 700,000 user addresses and 30+ ecosystem projects. Additionally, the project recently secured substantial financing from various investors, resulting in a $200 million post-investment valuation for the company. This success showcases BEVM’s potential to revolutionize the Bitcoin Layer2 space and enhance liquidity circulation within the network.
Join the BEVM Revolution
To learn more about BEVM and its groundbreaking technology, visit their official website for detailed information and updates on the project’s development and achievements.
Hot Take: Embrace the Future of Bitcoin Layer2 with BEVM
Investing in emerging technologies like BEVM can open new opportunities for financial growth and innovation within the cryptocurrency space. By supporting projects like BEVM, you contribute to the evolution of Bitcoin Layer2 networks and pave the way for a more efficient and diverse financial ecosystem. Stay informed, stay engaged, and embrace the future of decentralized finance with BEVM.
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