BTC Layer2 project BEVM has officially disclosed an investment from Bitmain, the leading manufacturer of cryptocurrency mining servers globally. The precise amount of the investment remains undisclosed. Established in 2013, Bitmain still stands today as a significant figure in the digital asset mining hardware production space. Its Bitcoin mining machines previously commanded over 70% of the global market share. Notably, this marks Bitmain's sole investment in the Bitcoin Layer2 domain to date.
Gavin Guo, Core Builder of
BEVM Foundation, remarked, "Next, BEVM will delve into exploring Bitcoin hashrate and the PoW ecosystem's application on BEVM, that could help facilitate the migration of trillions of dollars in PoW hashrate assets and a substantial quantity of $BTC to BEVM. This will empowerBitmain assets and unlock liquidity and more diverse financial application scenarios within the BTC Layer2 network."
BEVM serves as the pioneer EVM-compatible Bitcoin L2 network founded on the Taproot Consensus, utilizing BTC as Gas. Leveraging native Bitcoin technologies such as Schnorr Signature, MAST, and Bitcoin Light Node Network, it achieves fully decentralized BTC cross-chain functionality, thereby enabling the trustless integration of BTC into a broader spectrum of applications and facilitating genuine BTC liquidity circulation.
BEVM launched its mainnet on March 28th, boasting over 700,000 user addresses and hosting more than 30 ecosystem projects. BEVM also recently
For further information about BEVM, please visit
Jhon Zhang
Email: [email protected]
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