BEVM launches Bitcoin Layer 2 network Sats Chain! BRC-20 inscription SATS surged 23% after hearing the news
- WBOYOriginal
- 2024-07-26 22:58:051145browse
This site (120BtC.coM): The Bitcoin Layer 2 project BEVM announced today on social platform Sats Chain.
What is Sats Chain?
According to the official BEVM article, Sats Chain is the first pre-development platform based on BEVM-Stack, allowing developers to test Bitcoin and SATS applications, and some important official upgrades to the BEVM mainnet will also be launched on Sats Chain first. Test on.
In addition, Sats Chain incorporates most of BEVM’s key design features and architecture. The article shows that Sats Chain uses the same Taproot Consensus as BEVM to achieve decentralized cross-chain and hosting, and shares security with BEVM; and adopts the same Taproot Consensus as BEVM. The same Byzantine PoS consensus mechanism is used to maintain the consistency of the system state.
In addition, as the pre-development environment of Bitcoin, the most important function of Sats Chain is the "decentralized indexer". Currently, most Bitcoin L2 relies on 1-2 external, independently operating indexers, introducing a single point of failure. and centralization risks. BEVM seeks to implement a decentralized indexer by maintaining cross-validation of multiple indexers per validator. This solution is currently being tested on Sats Chain.
The community is 100% governed, and Inscription SATS has multiple uses: Gas, governance tokens and pledges
The article also mentioned that Bitcoin BRC-20 Inscription $SATS can be used as Gas fees, governance tokens on Sats Chain, and Sats Chain allows community members to stake $SATS and participate in node verification to earn network Gas income.
In addition, BEVM stated that in the future, the team will transfer the maintenance and upgrade responsibilities of Sats Chain to the SATS community to achieve true community governance.
$SATS skyrocketed by 23% upon hearing the news
After the news of SatsChain was announced, $SATS, which is intended to be a Gas token, skyrocketed upon hearing the news, rising from US$0.000278 to a maximum of US$0.000342, an increase of 23%. It was trading at US$0.0003242 before the deadline, with an increase of 12.96% in the past 24 hours.
The above is the detailed content of BEVM launches Bitcoin Layer 2 network Sats Chain! BRC-20 inscription SATS surged 23% after hearing the news. For more information, please follow other related articles on the PHP Chinese website!