Bitcoin Token Protocol BRC20 took a step towards activating intelligent Ethereum style contracts.
The Bitcoin token protocol integrated the Ethereum virtual machine (EVM) In its main logic from the Bitcoin 912 690 block, according to a shared ad with Coindesk on Monday.
BRC20 is a token standard to issue fungible tokens on the Bitcoin blockchain via the Ordinal Protocol, which allows data to be placed on individual Satoshis (The smallest name of the BTC, equivalent to one hundred millionth of bitcoin).
EVM is the operating system on Ethereum which allows the execution of intelligent contracts, making programmable tokens and removing the need for centralized governance.
The upgrade, nicknamed BRC2.0, was executed by the developer Ordinals Best in Slot alongside the pseudonym creator of BRC20 Domo.
“Bitcoin’s meta-protocols such as ordinals, runes and BRC20 operate on indexes, which work like simple calculators. We have upgraded this calculating style indexer with EVM, which makes BRC20 Turing complete,” said the best CEO of Erril Binari Ezerrel location.
The advent of the Ordinal Protocol at the beginning of 2023 provided a large part of the pulse for subsequent developments of greater utility on Bitcoin, such as allowing intelligent contract capacities similar to those inherent in Ethereum and other networks.
“The Holy Grail combines the two gold standards: Bitcoin as the most decentralized and secure network, and the EVM as the most proven virtual machine,” said Domo. “The objective is to give users the Ethereum experience of composability and programmability, but secured by Bitcoin.”
