Conflux Bridges the Gap Between BTC and EVM
Conflux Network has introduced a significant development in the cryptocurrency sector: a second-layer blockchain for Bitcoin, designed to be compatible with the Ethereum Virtual Machine (EVM).
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Conflux Network has introduced a significant development in the cryptocurrency sector: a second-layer blockchain for Bitcoin, designed to be compatible with the Ethereum Virtual Machine (EVM).
This development aims to provide:
- The option to handle transaction fees in Bitcoin;
- The ability to transfer assets onto the Bitcoin blockchain;
- Enhanced security features for external smart contracts.
This initiative represents a blending of the traditional Proof of Stake (PoS) protocol, which is vital for developing decentralized applications, with Bitcoin’s infrastructure. The developers highlight that this combination is designed to maintain high security and decentralization.The network's test version is expected to launch in February/March 2024, with the main network projected to go live in May 2024.
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