BEVM is a decentralized, EVM-compatible Bitcoin Layer 2 solution, leveraging BTC as gas. It enables Ethereum ecosystem DApps to operate on Bitcoin L2, promoting cross-chain interaction through Bitcoin light nodes and POS consensus. BEVM ensures data integrity by synchronizing Bitcoin block headers and cross-chain transaction proofs, supports decentralized cross-chain transactions using Taproot and POS nodes, and offers a robust consensus mechanism with up to 1000 nodes. Its VM and DApp layers provide a seamless experience for developers using Ethereum tools, accounts, and wallets, with the innovative approach of using BTC for transaction fees. BEVM's core visions include BTC EVM compatibility, a decentralized Bitcoin FX Protocol, and the future-oriented BEVM-Stack architecture for efficient Bitcoin L2 solutions deployment.

The funds will be used to make a more decentralized Bitcoin ecosystem based on Taproot.

BEVM

BEVM  is a decentralized, EVM-compatible Bitcoin Layer 2. 

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In April 2024, Bitcoin faced its sharpest price drop since the FTX collapse, with halving charts in focus, but network activity soared to record highs, driven by new protocols and ETF developments. This report explores and analyzes Bitcoin's ecosystem and the BTC price developments last month.
The post Bitcoin in April: Halving Price Fallout, Network Peaks and ETF Updates appeared first on Cryptonews.

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Bitcoin in April: Halving Price Fallout, Network Peaks and ETF Updates

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