Conflux will launch a Bitcoin Layer 2 solution compatible with EVM.
According to BlockBeats news on January 18th, Conflux announced the launch of a Bitcoin Layer 2 solution compatible with EVM. With this solution, Conflux will be able to seamlessly manage BTC and xRC20 tokens (such as BRC20 and ARC20) based on Bitcoin assets through smart contracts. Users can connect various asset types on the Bitcoin network or transfer assets to the Bitcoin chain.
It is reported that the test network of this network is expected to go live in February or March 2024, and the main network is planned to launch in May.