Chainspot Biweekly Update (October 15 – 31, 2024)
As we wrap up October, Chainspot has continued to expand its network integrations and strengthen its presence in the blockchain space. Here’s an overview of the key highlights, new partnerships, and events that defined the second half of the month.
New Blockchain Integrations
Bitlayer
Bitlayer is the first Layer 2 solution built specifically for Bitcoin, using the innovative BitVM paradigm to provide scalability and security equivalent to Bitcoin’s own. With Turing completeness and compatibility with Ethereum’s EVM, Bitlayer allows developers to migrate existing smart contracts written in Solidity, Vyper, and other EVM-compatible languages directly to the Bitcoin ecosystem.
Bitlayer stands out with its commitment to security, trustless bridging, and multiple virtual machine support, all backed by Bitcoin’s foundational blockchain protocol. Through Chainspot, users can now access faster, more secure cross-chain swaps with the flexibility and decentralization that Bitlayer offers.
BEVM
BEVM is a Bitcoin Layer-2 network developed on Substrate, offering full compatibility with the Ethereum Virtual Machine (EVM). This compatibility enables seamless interactions using both Ethereum and Substrate APIs, while users can access BEVM directly through wallets like MetaMask. With BEVM integrated into Chainspot, users can now engage in cross-chain transactions and asset swaps with the security of Bitcoin and the ease of Ethereum-compatible tools.
B² Network
The B² Network is a highly practical Bitcoin Layer 2 solution that incorporates zk-proof verification, making it one of the most secure and cost-efficient options for cross-chain transactions. Fully EVM-compatible, B² supports both Bitcoin and Ethereum address accounts, offering fast and low-cost transactions across both ecosystems. This integration with Chainspot allows users to enjoy a high level of trust and security with seamless access to Bitcoin’s liquidity.
Events
Our CEO represented Chainspot at Binance Blockchain Week in Dubai from October 30-31 at the Coca-Cola Arena. This event provided an incredible opportunity to connect with industry leaders, discuss new trends in blockchain, and showcase Chainspot’s innovative solutions to the global community. If you missed him at the main event, you can still catch him at side events around Dubai, so don’t hesitate to reach out and connect.
This concludes our highlights for the second half of October. With new integrations and growing partnerships, Chainspot continues to push the boundaries of cross-chain compatibility and innovation in the blockchain space.
Stay tuned for more updates, and thank you for being a part of the Chainspot community!
