On December 1, BEVM launched BEVM Whitepaper NFT for MINT, with a cost of approximately 7U. The current floor price is 0.014BTC, which has achieved an increase of approximately 85 times.

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Galaxy Research and Mining predicts that by 2025, the market value of the Ordinals market will reach 5 billion US dollars. At that time, the number of inscriptions was only 260,000, and now the number of inscriptions has reached 33 million, an increase of 126 times in just half a year. In addition, the market value of $Ordi has reached 400 million US dollars, and the market value of $Sats has reached 300 million US dollars. It can be seen that the prediction of the entire inscription market is still greatly underestimated.

This article will introduce BEVM and BEVM Whitepaper NFT as well as [Bevscriptions] the first inscription trading platform on BTC L2.

#Bevscriptions The first tutorial on inscriptions on BTC L2

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On December 19, BEVM officially reposted a post about [Bevscriptions]

The main content is that the BM20 protocol is being deployed on BEVM. This protocol is a real EVM that will be implemented on Bitcoin L2.

The relevant BM20 protocol information is:

1. The first real inscription market based on BTC L2

2. BEVM official retweet (endorsement)

3. BEVM has realized the EVM function, so the inscriptions issued based on BM20 will have a wide range of application scenarios.

4. BRC20's ordi, sats, etc. can be transferred to BEVM through a truly decentralized cross-chain approach, becoming BM20 assets and giving them DEFI application scenarios

The first step is to add this custom network to the wallet

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RPC URL: https://rpc-1.bevm.io/

Network ID: 1501

Gas: BTC

Explore URL:https://evm.bevm.io/

Step 2: Bridge BTC to the BEVM network

1. Go to the website https://bswap.bevm.io/#/bridge

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2. Connect the Fox to your Bitcoin wallet

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3. Select BTC and set the amount

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4. Setting transaction fees across chains requires 3 confirmations from the Bitcoin mainnet (at least 30 minutes).

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5. After clicking on transfer, a confirmation box will pop up in your wallet. Click "Sign" to complete the transaction.

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6. Click the Bitcoin wallet icon in the upper right corner to track the transaction status.

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7. You can also check the progress in mempool. As shown in the figure, the first arrow indicates that the transaction is currently in the queue. When the transaction moves from yellow to blue (dividing line), it will be in the confirmation state.

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other information

BTC Layer2: BEVM

Inscription Protocol: BM20

Bevscriptions Marketplace: Bevscriptions

Official first inscription: BMW

Quantity: 2.1 million, each containing 10 BMW tokens

#BEVM

BEVM is the first fully decentralized EVM-compatible Bitcoin L2 that uses BTC as Gas. It allows all DApps that can run in the Ethereum ecosystem to run on Bitcoin L2

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Bring 10% of Bitcoin into L2, expand the capacity of Bitcoin, and possess the three attributes of EVM.

As funds continue to pour into the inscription market, users are no longer satisfied with the hype of memes and are beginning to turn their attention to inscription-based applications. UniSat also brings innovation to BRC20. Through BRC20-Swap, users can easily exchange BRC20 tokens like AMM DEX. As the first product to improve the liquidity of the Ordinals ecosystem, it is expected to unleash the potential of the Bitcoin DeFi ecosystem. More functions such as lending and derivatives may appear in the future. Recently, UniSat has also opened an API interface, which is very friendly to small developers. Many functions can be called, such as automatic batch scanning, monitoring inscriptions and automatic mint, which can generate a lot of tool projects.

The transaction fee of the Bitcoin network is relatively expensive. For some second-layer Bitcoin platforms such as Stacks and RIF, although the transaction fee is reduced, there is no user base and the infrastructure is not complete enough. Therefore, Bitcoin's EVM is a good narrative.

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For example, BEVM is a Bitcoin ecosystem Layer2 based on the Ethereum network. The Native Token on the chain is also BTC. Users can use the official cross-chain bridge to transfer Bitcoin from the main network to BEVM. BEVM's EVM compatibility makes the threshold for building applications on the EVM chain extremely low, and Defi, Swap, etc. can be migrated from other chains.

Compared with OK and unisat, BEVM has lower engraving fees and swap is also very smooth.

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BTC Layer2 project BEVM achieves fully decentralized cross-chain

When a user transfers BTC from the Bitcoin mainnet to BEVM, the user's BTC enters the contract address of 1,000 nodes. Then, at the same time, new BTC is generated in BEVM, the BTC Layer2 network, at a 1:1 ratio. When the user issues an instruction to transfer BTC from BEVM back to the mainnet, the BEVM network node will trigger the Mast contract, and the 1,000 nodes that hold assets will automatically sign according to the established rules and return BTC to the user's address. The entire process is completely decentralized and trustless.

By using the combination of Mast contract + Schnorr signature brought by Taproot, Bitcoin can also achieve fully trustless cross-chain like Ethereum Layer2. This is the most important first step to achieve a fully decentralized BTC Layer2.

The most feasible BTC Layer2 solution at present is based on the Mast contract + Schnorr signature brought by the Taproot upgrade, combined with the Bitcoin light node dynamic pledge network to achieve real-time communication and network security between Layer2 and Layer1, thereby realizing a truly decentralized Bitcoin Layer2. This is exactly the solution that BEVM has already implemented.

#BEVM opens the first odyssey of the BTC ecosystem

When BEVM was doing the Zealy event, the number of fans increased from 3,000 to nearly 30,000 in one week, and after the subsequent 12.1 white paper free mint event, the white paper NFT increased by nearly 85 times.

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BEVM launched the Odyssey event again

Link: https://campaign.bevm.io/odyssey

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There are currently 12,037 users participating. This should be the first phase. The number of shares may accumulate in the future, which is also related to the final airdrop quantity.

Compared with arb or Sei's Odyssey, BEVM has only a few simple tasks in the first phase, and the points are not small, which is absolutely cost-effective. After the ecosystem develops, users will be able to obtain fewer and fewer chips.