Dfinity Launches New L2: Everything You Need to Know About Bitfinity
Bitfinity EVM is launching a new layer-2 for Bitcoin built using Dfinity crypto technology, and another upcoming layer-2 is also gaining speed.
Blockchains need to scale to handle real-world demands; because of how Ethereum or even Solana processes transactions, it is impossible to launch the next Meta or X on these ledgers. Gas fees will soar through the roof, making transacting on-chain unattractive.
Bitfinity EVM Launches Latest Layer-2 Scaling Solution
Among the many platforms seeking to scale Bitcoin is Bitfinity Network, a web3 development firm.
In a post on X, Bitfinity announced the launch of a Bitcoin layer-2 solution, Bitfinity EVM.
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The objective is simple: Using Dfinity technology, introduce smart contract capability on top of Bitcoin, presenting new ways for BTC holders to benefit.
The Bitfinity EVM will be interoperable with Ethereum but will exist as a sidechain integrated with the Internet Computer blockchain.
What’s unique about Bitfinity EVM is that developers can build dApps using Solidity, the programming language behind Ethereum, that taps into the robustness of Bitcoin and the trillions worth of otherwise idle BTC.
Furthermore, since it is a layer-2, tapping into the high scalability and security of the ICP blockchain, transactions will be cheaper and faster. Every block will be processed after roughly 2 seconds.
For this reason, analysts expect Bitfinity EVM to open new doors of opportunity for developers and investors. If anything, developers say the layer-2 will support BTC and Ordinal inscriptions directly on-chain.
This seamless connection will be possible through the Omnity Bridge, which directly and securely connects Bitcoin Runes with the ICP blockchain. Central to this merger will be Chain Fusion, a solution that powers interoperability between multiple chains, including Bitcoin and Ethereum.
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Eyes On Pepe Unchained, Over $38 Million Raised
While Bitfinity EVM can reshape DeFi on Bitcoin, investors are also closely monitoring another equally potent platform.
Currently in its presale, Pepe Unchained has raised over $38 million.
Pepe Unchained developers aim to rewrite the meme coin playbook by being the first Ethereum layer-2 dedicated to meme coins.
The platform will launch a layer-2, Pepe Chain, offering 100X faster transaction speeds with drastically lower fees.
Additionally, it will feature a blockchain explorer and a Pump Pad where users without coding experience can launch meme coins.
To spur activity, a program called “Frens with Benefits” funds talented coders to launch on the Pepe Chain.
The goal is to foster innovation, create a platform that stands out from other Ethereum layer-2s, and allow investors to “harvest” gems.
Pepe Unchained has raised over $5 million in less than one week at the current presale stage. PEPU is trading for just $0.012895.
This is the only time PEPU will be trading at heavily discounted prices. Once it lists on tier-1 exchanges in December, analysts expect the meme coin to rally by at least 10X.
Then, it will be nearly impossible to buy PEPU without regretting why you couldn’t get in earlier.
Buying $1,000 worth of PEPU means you can easily turn your investment into $10,000.
What’s cool is that you can buy any amount of PEPU; there are no restrictions.
Presale investors, some of whom are Bitfinity followers, can earn even more PEPU when they stake. Stakers receive a 75% APY, one of the highest in the industry.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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