The Bitcoin L2 project BEVM announced today that it is cooperating with the Bitcoin Inscription SATS community to launch the Bitcoin second-layer network Sats Chain based on BEVM-Stack.

The First Sats Network is Live on BEVM Stack!Sats Chain, the groundbreaking#BitcoinL2 utilizes $SATS as gas fees and governance, while also is our attempt to merge:"ℂ𝕠𝕞𝕞𝕦𝕟𝕚𝕥𝕪-𝔻𝕣𝕚𝕧𝕖𝕟 + 𝕋𝕖𝕔𝕙𝕟𝕠𝕝𝕠𝕘𝕪 + 𝕄𝕒𝕣𝕜𝕖𝕥𝕚𝕟𝕘"Ready to explore? pic.twitter.com/FUlkELN8Je

— BEVM (@BTClayer2) July 25, 2024

According to the official introduction, the network adopts BEVM’s “Taproot Consensus” technical framework and enjoys network security equivalent to BEVM. It is worth mentioning that Sats Chain will also use BRC20 inscription Sats as the network’s fee payment medium. , and Sats will also serve as the governance token of the network. Holders can become verification nodes by staking Sats, or elect validators and custodians to earn network gas income.

In the future, BEVM will hand over the maintenance and upgrade responsibilities of Sats Chain to the SATS community and develop it into an open platform for community governance.

Affected by this news, the price of SATS has risen sharply in the past 24 hours, rising by more than 20%.

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