BRC20 integrates Ethereum Virtual Machine for smart contract functionality on Bitcoin
Bitcoin’s BRC20 token protocol has taken a significant step toward Ethereum-like smart contract capabilities with the launch of BRC2.0, a major upgrade that integrates the Ethereum Virtual Machine (EVM) into its core logic.
This update was implemented at Bitcoin block 912,690, marking a pivotal moment for Bitcoin’s token ecosystem. The enhancement was led by Ordinals developer Best in Slot alongside BRC20’s pseudonymous creator, Domo.
How the BRC2.0 Upgrade Works
BRC20, originally introduced as a fungible token standard on Bitcoin via the Ordinals protocol, enables tokens to be inscribed on individual satoshis. With EVM integration, the upgraded protocol now supports Turing-complete smart contract execution, opening the door for decentralized applications (dApps) and more complex token use cases on Bitcoin.
“Bitcoin meta-protocols like BRC20 run on indexers, which function like simple calculators. We upgraded this ‘calculator-style’ indexer with EVM, making BRC20 Turing complete,” said Eril Binari Ezerel, CEO of Best in Slot.
What It Means for Bitcoin’s Future
This upgrade aligns Bitcoin closer to Ethereum’s programmability while maintaining its security and decentralization. Experts believe this hybrid approach could attract developers looking to combine Bitcoin’s robustness with Ethereum’s flexibility.
“The holy grail is combining the two gold standards: Bitcoin as the most decentralized and secure network, and the EVM as the most proven virtual machine,” said Domo, the creator of BRC20. “The aim is to give users the Ethereum experience of composability and programmability, but secured by Bitcoin.”
The innovation is expected to accelerate Bitcoin’s evolution from a store of value to a multi-functional ecosystem, supporting DeFi, NFTs, and Web3 applications without leaving the Bitcoin network.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.