About BitEVM
Last updated
Last updated
Welcome to BitEVM - the evolution of secure and scalable DeFi on Bitcoin. We builds BitEVM upon the innovative foundation laid by SatoshiVM, taking Decentralized Finance (DeFi) on Bitcoin to the next level.
This Layer 2 solution leverages the power of ZK-Stark and Taproot scripts, just like its predecessor. However, BitEVM offers a seamless integration with the OrdiVM ecosystem, unlocking a world of possibilities for users seeking the security of Bitcoin and the enhanced functionality of OrdiVM.
Recognizing Bitcoin's limitations with complex programs, BitEVM executes intricate smart contracts off-chain. Similar to SatoshiVM, it translates complex code into simplified, verifiable commands.
These commands can be visualized as digital circuits, ultimately expressed in Bitcoin Script. This allows BitEVM to efficiently verify critical aspects of the computations on the Bitcoin blockchain, leveraging Taproot Script's functionalities.
As detailed in the BitEVM whitepaper, this approach enables a vast range of computations to occur efficiently off-chain. Only vital steps require on-chain validation, significantly reducing the workload on the Bitcoin network.
This approach mirrors the functionality of Ethereum Rollups solutions. Additionally, BitEVM utilizes zkEVM for generating ZK Proofs, which are then verified by off-chain validators. This minimizes the computational burden and bandwidth consumption for network nodes.
BitEVM thrives on a collaborative community environment. We believe active participation from early adopters and ecosystem partners is crucial for our long-term development and stability.
Our tokenomics and future decision-making processes will prioritize the interests of all community members, fostering an open and transparent space where everyone's voice is heard. This collaborative approach ensures a fair and mutually beneficial path towards BitEVM's long-term success.
