The BEVM narrative has been upgraded from BTC layer 2 to Super Bitcoin(A Value Internet Sharing Bitcoin’s Consensus Security).
For more details, please see the Super Bitcoin white paper
Finished in 29/11/2023, by BEVM Foundation
"5507 days ago, on October 31, 2008, the Bitcoin whitepaper was released.
5507 days later, on November 29, 2023, the Bitcoin Layer 2 solution BEVM unveils its whitepaper!The era of Bitcoin Layer 2 and BEVM has arrived!
Bitcoin took over a decade to reach a trillion-dollar Market Cap".
How long will it take for BEVM to achieve the same milestone?
BTC commands nearly 50% of the cryptocurrency market share, yet since its inception, Bitcoin has lacked a mature Layer 2 (L2) solution. Following key technological upgrades such as Segwit and Taproot, along with the popularity of the Ordinals protocol and BRC20 tokens, a fully decentralized, EVM-compatible Bitcoin Layer 2 solution, BEVM, has been introduced, using Bitcoin as its gas.
BEVM is a decentralized and EVM-compatible Bitcoin Layer2 using BTC as Gas.
BEVM is based on technologies such as the Schnorr's signature algorithm, brought about by the Taproot upgrade, allowing BTC to cross-chain from Bitcoin mainnet to Layer 2 in a decentralized approach. Since BEVM is compatible with EVM, it allows all DApps which can run in the Ethereum ecosystem to operate on BTC Layer 2, with BTC serving as Gas.
- SegWit and Taproot Upgrades. The birth of BEVM is entirely based on Bitcoin's 2017 SegWit upgrade and the 2021 Taproot upgrade. The SegWit upgrade allowed Bitcoin blocks to accommodate larger data. The Taproot upgrade not only allowed the expanded space to contain more complex data but also introduced the Schnorr's signature algorithm, making decentralized Bitcoin multisig a reality. This, in turn, enabled decentralized Bitcoin cross-chain operations, and ultimately, decentralized BTC Layer2 became a reality. BEVM is the best example of a decentralized BTC Layer2. The SegWit and Taproot upgrades have once again made Bitcoin great, evolving Bitcoin from the 1.0 era to the Bitcoin 2.0 era, allowing us to see a richer Bitcoin ecosystem.
- The Explosion of Token Launch Protocols on Bitcoin like Ordinals in 2023 The explosion of Token Launch Protocols on Bitcoin such as Ordinals in 2023 is a result of Bitcoin's SegWit and Taproot upgrades. It has shown the Bitcoin community that issuing assets based on Bitcoin has become possible. Issuing assets is just the first step; a richer and more diverse ecosystem of applications needs to be established on BTC Layer2. Therefore, BEVM was born.
- Six Years of BTC Layer 2 Exploration by the BEVM Team. The BEVM team has been exploring Bitcoin Layer 2 since 2017. In 2018, the BEVM team's BTC Layer 2, ChainX, achieved 100,000+ BTC cross-chain, but due to industry development, ChainX did not experience a real explosion. In 2021, Bitcoin completed the Taproot upgrade, making real decentralized cross-chain possible for BTC. Therefore, the BEVM team began to build BTC Layer2 based on the Taproot upgrade. In 2023, the explosion of Bitcoin issuance protocols like Ordinals showed the BEVM team that a new era of the Bitcoin ecosystem was coming. Thus, they launched the BEVM pilot network and planned to launch the mainnet in Q1 2024.
Building a decentralized BTC Layer2 that uses BTC as Gas and is compatible with EVM, enabling various applications from the EVM ecosystem to be seamlessly and easily deployed on BEVM, thereby increasing the use and consumption scenarios for Bitcoin. To better maintain the security of the Bitcoin network, BEVM will launch BEVM - Stack in the future, which will help developers and Bitcoin projects with high throughput demands to build their own BTC Layer 2.
BEVM plans to build the DBFX Protocol, a decentralized Bitcoin "foreign exchange system," aimed at introducing Bitcoin(digital gold) into any chain and ecosystem. It aims to help various blockchains and Layer 1 increase their Bitcoin foreign exchange reserves and enhance their monetary credibility. In our view, although WBTC allows Bitcoin to circulate within the EVM ecosystem, it is an asset produced by centralized institutions and contradicts the decentralized philosophy of Bitcoin. By using the DBFX protocol, BEVM enables native BTC to circulate between any chains, allowing users to truly have control over their Bitcoin assets on any chain (being able to freely redeem and generate native Bitcoin on any chain).
5507 days since the Bitcoin whitepaper, BEVM, an EVM-compatible Bitcoin Layer 2 innovation, announced its whitepaper on November 29, 2023. To mark this significant milestone, BEVM introduced a commemorative collection of 10,000 NFTs on the Bitcoin network, based on the innovative Ordinals protocol.
- Quantity: Limited to 10,000 NFTs.
- Availability: Offered on a first-come, first-served basis, with validity ceasing once the limit is reached.
- Activation Block: The distribution starts from Bitcoin block number 819249.
- Value Proposition: The NFTs are solely commemorative, devoid of any intrinsic monetary value.
- Downloading the NFT: Users can view and download the SVG file of the NFT by visiting this GitHub page. Once on the page, click on "Download raw file".
- Enthusiasts have the option to mint these NFTs on platforms like Unisat.
