In a significant development, the BRC20 token protocol has successfully integrated Ethereum Virtual Machine (EVM) capabilities, effectively bringing Ethereum-style smart contracts to the Bitcoin blockchain. This milestone achievement, known as BRC2.0, was made possible through a collaborative effort between Ordinals developer Best in Slot and BRC20's creator, Domo. By incorporating EVM into its core logic, starting from Bitcoin block 912,690, BRC20 has essentially become Turing complete, allowing for the execution of complex smart contracts.
The Ordinals protocol, which enables data inscription on individual satoshis, has been instrumental in driving innovation on the Bitcoin network since its introduction earlier this year. According to Eril Binari Ezerel, CEO of Best in Slot, the upgrade has transformed the indexer from a basic calculator to a robust EVM-powered system. Domo envisions a future where the security and decentralization of Bitcoin are combined with the programmability and composability of EVM, offering users the best of both worlds.
This integration has the potential to revolutionize the Bitcoin ecosystem, providing a more comprehensive and user-friendly experience.