What is SatoshiVM?
SatoshiVM (SAVM) is a decentralised Bitcoin ZK Rollup Layer 2 (L2) solution designed to enhance the Bitcoin ecosystem while remaining compatible with Ethereum Virtual Machines (EVM). It utilizes native Bitcoin (BTC) as gas and aspires to bridge the gap between Bitcoin and EVM ecosystems, effectively merging the strengths of the two platforms.
Bridging Bitcoin and EVM Ecosystems
One of the primary objectives of SatoshiVM is to promote interoperability and facilitate the development of decentralised applications (dApps) on the Bitcoin blockchain. Unlike traditional solutions that necessitate alterations to Bitcoin’s core network, SatoshiVM operates without any modifications, ensuring that Bitcoin can continue to function as a secure settlement layer for this L2 solution.
EVM Compatibility Advantages
Thanks to EVM compatibility, SatoshiVM allows users and developers to engage with its platform in the same manner they would on Ethereum. This opens up a myriad of opportunities for building and deploying dApps, making Bitcoin more versatile in the broader context of decentralised finance (DeFi) and blockchain applications.
Utility Token: SAVM
The SAVM token is the native utility token within the SatoshiVM ecosystem. It plays a crucial role in community support, governance, and incentivising collaboration among users. By leveraging the power of SAVM tokens, participants can influence decision-making processes, ensuring that the project evolves in a way that serves the community’s interests.
Community-Driven Development
SatoshiVM places a strong emphasis on community involvement and collaborative efforts. The project’s team is dedicated to fostering long-term protocol stability and continuous development through active engagement with community members. This approach not only enhances interoperability and scalability within the Bitcoin ecosystem but also nurtures a sustainable and robust environment for growth and innovation.
Key Features of SatoshiVM
- Decentralised Bitcoin ZK Rollup Layer 2 solution
- Compatible with Ethereum Virtual Machines (EVM)
- Utilises native Bitcoin (BTC) as gas
- No modifications required to Bitcoin’s network
- Facilitates the development of decentralised applications (dApps)
- Community-driven with a focus on governance and collaboration
Official Resources
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