What Is Bitfinity Network?
Bitfinity Network is a high-speed Bitcoin Layer-2 solution that introduces Ethereum-like smart contract functionality to Bitcoin and its assets, including Runes. This innovation makes the network faster, more versatile, and more powerful. By leveraging the Ethereum Virtual Machine (EVM) environment, Bitfinity integrates Runes (fungible tokens) and Ordinals (NFTs) into Bitcoin’s ecosystem.
Key Features of Bitfinity Network
- Decentralized Bridging: Assets are securely transferred between Bitcoin and Bitfinity using Chain-Key Technology, powered by multi-party computation (MPC). This eliminates the need for centralized intermediaries, enhancing security and trust.
- Lightning-Fast Transactions: Achieves transaction finality in just 2-3 seconds, making it ideal for decentralized finance (DeFi) applications.
- EVM Compatibility: Developers can build on Bitfinity using familiar tools like Solidity, Truffle, and Hardhat, enabling seamless migration from Ethereum.
The Role of the BTF Token
The Bitfinity (BTF) token serves as the native utility token within the network, with the following use cases:
– Transaction Fees: Cover costs for transactions and data storage.
– Governance: Participate in voting for network upgrades and resource allocation.
Bitfinity Network Tools and Ecosystem
Core Tools for Developers and Users
- BitFusion SDK: Facilitates cross-chain token transfers between Bitfinity, Bitcoin, Internet Computer, and Ethereum.
- Bitfinity Wallet: A self-custodial wallet for managing NFTs, tokens, and dApp interactions.
- Bitfinity EVM: Enables Ethereum developers to deploy smart contracts on Bitcoin effortlessly.
👉 Discover how Bitfinity is revolutionizing Bitcoin DeFi
Ecosystem Growth
Bitfinity has partnered with 50+ projects, including:
– Decentralized exchanges (DEXs)
– Lending platforms
– Prediction markets
– DeFi protocols
Bitfinity Tokenomics: Supply and Distribution
While detailed tokenomics are still under development, the team plans to release information about total supply, circulating supply, and distribution through official channels. Stay updated via Bitfinity’s website and social media.
Who Created Bitfinity Network?
Bitfinity was developed by Astari, a team of blockchain experts with extensive experience in:
– Blockchain technology
– Marketing strategy
– Business development
Their vision is to expand Bitcoin’s utility through Layer-2 innovations.
Where to Buy Bitfinity (BTF)?
As of now, BTF is not yet listed on major exchanges. However, 5 of the top 12 exchanges on CoinMarketCap are confirmed to support future listings. For updates, follow Bitfinity’s official channels.
👉 Learn more about upcoming BTF listings
Bitfinity Network’s Competitive Edge
Feature | Benefit |
---|---|
Bitcoin Layer-2 | Adds smart contract capabilities to Bitcoin assets |
Chain-Key Bridging | Fully decentralized, secure asset transfers |
EVM Compatibility | Lowers barriers for Ethereum developers |
Runes & Ordinals Support | Enables advanced tokenization |
Frequently Asked Questions (FAQs)
1. How does Bitfinity enhance Bitcoin?
Bitfinity introduces smart contracts, fast transactions, and EVM compatibility to Bitcoin, enabling DeFi and NFT use cases.
2. Is Bitfinity’s bridge secure?
Yes, it uses Chain-Key Technology with MPC for decentralized, trustless bridging.
3. When will BTF be tradable?
Listings are expected soon on 5 top-tier exchanges. Monitor Bitfinity’s announcements for dates.
4. Can Ethereum dApps migrate to Bitfinity?
Absolutely! The Bitfinity EVM supports Solidity-based dApps with minimal adjustments.
5. What makes Bitfinity unique among Bitcoin L2s?
Its EVM integration, Runes/Ordinals support, and decentralized bridging set it apart.
6. How fast are Bitfinity transactions?
Transactions finalize in 2-3 seconds with low fees.
Final Thoughts
Bitfinity Network is poised to transform Bitcoin into a multi-functional blockchain by merging its security with Ethereum’s programmability. With fast transactions, developer-friendly tools, and a growing ecosystem, Bitfinity is a project to watch in the Layer-2 space.
For the latest updates, visit Bitfinity’s official resources and stay tuned for exchange listings!
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