Conflux to launch Bitcoin L2, testnet expected by March

Conflux Network introduced an EVM-compatible layer-2 solution that can interact with Bitcoin amid growing interest in crypto’s largest blockchain.

According to Conflux, users can move Bitcoin (BTC) and inscription-powered assets between its blockchain and Bitcoin’s ecosystem. The new L2 network will run atop the main Conflux chain and use BTC for gas fees while supporting Ethereum-based smart contracts via the Ethereum Virtual Machine (EVM) standard.

A mainnet is expected to roll out by May if all goes to plan. Before that, a testnet teased by the end of March will look to capture early users and developer activity.

Conflux is a China-based layer-1 network that unites proof-of-stake and proof-of-work blockchain models in its operations. Its BTC L2 solution will also rely on a similar design to offer new dapps and products, a Jan. 18 blog post explained.

#TrendingTopic #MANTA #BTC #ARB #conflux