The Internet Computer-based Bitfinity platform introduces the Ethereum Virtual Machine to facilitate smart contract execution on the Bitcoin protocol and enables Bitcoin DeFi applications through support for Runes.
Built on the Internet Computer Protocol, Bitfinity integrates with the Bitcoin network to provide asset connectivity to other blockchains. Developers can leverage Solidity, Ethereum’s smart contract language, to access Bitcoin-based tokens, including BTC, Ordinals, and Runes.
Bitfinity EVM allows you to expand your asset transfer capabilities by deploying Bitcoin-based Solidity smart contracts. As the Ethereum virtual machine, it acts as a backbone for running smart contracts, similar to Ethereum’s operating system.
With Runes gaining traction since its launch alongside the Bitcoin halving event, Bitfinity aims to capitalize on this momentum by enabling smart contract functionality and fostering the development of Bitcoin DeFi applications. Despite the initial surge in activity, Runes’ network fees have stabilized since the launch frenzy.
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