Cardiff, UK, April 4, 2024, Chainwire

Based on Binance Web3 Official announcement, Binance Web3 Pockets has formally launched a joint airdrop occasion with BTC Layer2 undertaking BEVM. Customers who full three easy duties together with her BEVM by the Binance Web3 Pockets will obtain an unique airdrop of BEVM tokens. BEVM will allocate 10,500,000 (0.5%) $BEVM as an airdrop to Binance Pockets customers who take part on this occasion. That is the primary collaboration between Binance Web3 pockets and Bitcoin Layer2.

BEVM is an EVM-compatible Bitcoin Layer 2 primarily based on Taproot consensus that makes use of $BTC as fuel and permits totally decentralized $BTC cross-chains, permitting $BTC for use in a trustless method to Make it out there for deployment in your utility. BEVM lately introduced the completion of a $10 million funding spherical with investments from almost 20 establishments together with Rocktree Capital, Waterdrip Capital, Arkstream Capital, ViaBTC Capital, MH Enterprise, and Mapleblock. BEVM formally launched his mainnet on March twenty eighth, and in only one week, his mainnet has acquired over 600,000 person addresses.

What’s BEVM?

BEVM is the primary EVM-compatible Bitcoin L2 constructed on Taproot Consensus and makes use of $BTC as fuel.

Taproot Consensus, primarily based on Musig + Bitcoin SPV, is the fruits of the BEVM group's six-year exploration of Bitcoin Layer2 options.

BEVM has two tales, the primary is “BEVM-Stack” (#BTClayer2 as a service), which permits builders to launch #BTClayer2 with one click on. Second, BEVM has developed the DBFX (Decentralized Bitcoin Overseas Change) protocol to seamlessly bridge native $BTC to any Defi protocol on any chain. BEVM's final purpose is to introduce 10% of $BTC to the Layer2 community and broaden the appliance situations of $BTC to allow the precise circulation of $BTC.

BEVM's main historic milestones embrace:

2017: BEVM group established.

2018: Launched BTC layer 2 answer ChainX to retailer hash locks of over 100,000 $BTC and over 500,000 $BTC.

June 2023: Formal proposal for BEVM Canary Community.

November 29, 2023: BEVM whitepaper revealed.

March 2024: Declares securing $10 million in funding at a post-investment valuation of as much as $200 million.

March 2024: Mainnet launch announcement.

BEVM Funding Particulars

March 25, 2024, BEVM introduced A $10 million funding spherical has been accomplished, with a post-investment valuation of as much as $200 million. Roughly 20 buyers, primarily from Europe and america, participated on this funding spherical.

Amongst these buyers, Rocktree Capital stands out as a distinguished and skilled crypto funding establishment primarily based in america. Based by Omer Ozden, who can also be a world associate at ZhenFund International Ventures, RockTree Capital has vital affect within the monetary world in China and america. Omer Özden beforehand served as basic counsel for Fb (now Meta) and is a member of the US Congress. RockTree Capital has a powerful monitor file of investing in and nurturing plenty of well-known crypto initiatives, together with Chainlink, Tron, dYdX, Fantom, and Casper.

Along with RockTree Capital, different distinguished buyers within the BEVM undertaking embrace MH Ventures, which has invested in well-known initiatives reminiscent of Celestia, sei Community, and Linea. Mapleblock is understood for its investments in Polyhedra, DAO maker Kraken, and Huobi. Arkstream Capital has invested in initiatives reminiscent of AAVE, Stream, Manta, and Particle.

Along with Viabtc Capital, one of many world's high three Bitcoin mining swimming pools, Waterdrip Capital and Satoshi Labs additionally take part on this funding.

Technical benefits of BEVM

Within the present market, BTC layer 2 expertise options could be broadly divided into 5 varieties: Bitcoin sidechain, UTXO + consumer verification, Taproot consensus, multi-signature + EVM, and Roullp.

BEVM employs the Taproot Consensus expertise proposed and carried out by the BEVM group and serves as a typical use case for Taproot Consensus.

Taproot Consensus is a layer 2 answer constructed on three main native Bitcoin applied sciences: Because the Bitcoin Taproot improve in 2021, it has progressively matured. The essence of Taproot consensus lies within the Schnorr signature + MAST contract + Bitcoin Lite node community.

Schnorr Signature permits custodian decentralization by scaling Bitcoin's multi-signature custodians to 1,000 folks. MAST contracts depend on code somewhat than handbook signatures to implement code-based signature aggregation administration. The Bitcoin Lite Node Community permits decentralized Bitcoin cross-chain transactions and administration by consensus by Bitcoin SPVs.

On March 28, 2024, BEVM's mainnet primarily based on Taproot consensus was formally launched and reached over 600,000 person addresses inside per week. That is at present one of the crucial carried out Bitcoin Layer2 options.

In abstract, in comparison with different BTC L2 expertise options available on the market, BEVM boasts unparalleled benefits by way of the native nature of Bitcoin expertise, decentralization, and degree of implementation.

Marketing campaign particulars between Binance Web3 Pockets and BEVM

On April 4th, BEVM introduced a joint airdrop marketing campaign with Binance Pockets, providing airdrops upon finishing any of three specified on-chain actions. BEVM has allotted 0.5% of its whole token provide to this airdrop. That is additionally the primary airdrop occasion the place Binance Pockets collaborated with Bitcoin Layer2.

To take part within the occasion, customers might want to entry their Binance Web3 pockets and go to https://binance-campaign.bevm.io. This marketing campaign contains his three duties: bridging $BTC to his BEVM, making a place on the Satoshi protocol, and day by day check-ins on BEVM.

Person participation tutorial:

Step 1: Entry and arrange your Binance Web3 pockets

First, be sure you have a Binance account. If not, you have to create one.

Subsequent, obtain and set up the Binance Web3 pockets. This may be discovered on Binance's official web site.

As soon as the set up is full, comply with the directions to arrange your pockets.

Step 2: Attend the occasion

Entry the occasion web page utilizing Binance Web3 Pockets.

Full the three duties required for the occasion.

Bridge $BTC to BEVM: Observe the directions on the web page to bridge $BTC from the primary chain to the BEVM chain.

Create a place in Satoshi Protocol: Go to Satoshi Protocol and create a brand new place.

Day by day Test-in: Go to and check-in your BEVM web page day-after-day.

Extra assist and tutorials:

Customers can watch this tutorial video to grasp detailed steps to take part.

Customers can even learn the BEVM weblog publish for extra details about the ten,500,000 BEVM Airdrop Marketing campaign.

About BEVM

BEVM introduces a revolutionary EVM-compatible Bitcoin Layer 2 answer that makes use of BTC because the fuel for transactions. This totally decentralized platform bridges the hole between the Bitcoin and Ethereum ecosystems, permitting DApps to function seamlessly on high of Bitcoin Layer 2. It options modern cross-chain interactions, knowledge integrity ensures, distributed processing, and a sturdy consensus mechanism for enhanced scalability and safety. BEVM goals to foster innovation within the Bitcoin ecosystem by EVM compatibility, a completely decentralized structure, and an modern incentive mannequin. For extra info, please go to the web site bevm.io.

For extra details about BEVM, go to the official web site | twitter | Discord | Weblog | Github

contact

BEVM group
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