Bitcoin Protocol BRC20 Integrates EVM for Smart Contracts in Upgrade
The Bitcoin token protocol BRC20 has integrated Ethereum Virtual Machine (EVM), enabling Ethereum-style smart contracts as of Bitcoin block 912,690.
- BRC20 is a standard for issuing fungible tokens on the Bitcoin blockchain via the Ordinals protocol.
- EVM allows for programmable tokens and eliminates centralized governance.
- The upgrade, known as BRC2.0, was developed by Ordinals developer Best in Slot and pseudonymous creator Domo.
- This integration enhances BRC20's functionality, making it Turing complete.
- The Ordinals protocol launched in early 2023, driving advancements toward smart contract capabilities similar to Ethereum.
Domo emphasized the goal of combining Bitcoin's security with EVM's programmability to enhance user experience.