According to Foresight News, the Bitcoin L2 project BEVM has released a technical whitepaper on Taproot Consensus. This innovative design proposed by BEVM integrates the Schnorr signatures and MAST brought by Bitcoin's Taproot upgrade, Bitcoin SPV light nodes, and the BFT PoS consensus mechanism. The result is a decentralized and highly consistent L2 network. The whitepaper aims to provide a comprehensive technical reference, enabling developers and researchers to accurately understand its decentralized Bitcoin L2 solution.
In previous news from Foresight, BEVM completed its seed round and part of its Series A funding in March this year. The funding reached tens of millions of dollars, with nearly 20 institutions including ArkStream Capital participating. The valuation after the investment was $200 million.