An important platform upgrade for BRC-20 comes to BITCOIN

What has changed?

• The BRC-2.0 update has been officially activated at block height 912,690 on the Bitcoin network.

• The most notable feature is the integration of the Ethereum Virtual Machine (EVM) into the core indexer of BRC-20. This means that BRC-20 has now become Turing-complete, allowing for complex logic processing and supporting smart contracts similar to Ethereum, but operating directly on Bitcoin.

• This upgrade was developed by the Best In Slot team, in collaboration with the creator of BRC-20 (alias Domo) and Layer 1 Foundation.

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The main impacts of BRC-2.0

1. Laying the foundation for dApps and DeFi on Bitcoin

Previously, BRC-20 was mainly used for meme coins and simple transactions due to its lack of programmability. With BRC-2.0, BRC-20 tokens can now be combined, interacted with, and used to build complex financial applications directly on Bitcoin — without the need for bridges, wrapped tokens, or trusted intermediaries.

2. Difference from other platforms like Runes

While Runes maintains a simple system and does not support smart contracts, BRC-2.0 excels with its programmability, thus opening up opportunities for a distinct DeFi ecosystem on Bitcoin.

3. No need for complex structures or opaque security systems

Smart contracts can now run directly on Bitcoin, without the need for bridges or wrapped asset technologies, preserving the security of the Bitcoin network.

4. Scalability potential and future applications

With this upgrade, Bitcoin can venture into the realms of DeFi, NFTs, lending, trading, and many other financial sectors — creating new momentum for the BTC network.