Bitfinity, a pioneering blockchain network, has achieved a significant breakthrough by enabling Ethereum Virtual Machine (EVM) compatibility on the Internet Computer (ICP) platform. This innovative move allows for seamless integration of Ethereum's smart contracts with Bitcoin-based assets, marking a major milestone in cross-chain interoperability.

The Bitfinity Ethereum Virtual Machine (EVM) launch introduces a Bitcoin sidechain built on the Internet Computer's tech stack, enabling Solidity-based decentralized applications (dapps) to access tokens on the Bitcoin network, including BTC and Runes. This integration upgrades the Internet Computer's capabilities to support Solidity, enhancing the platform's utility and opening up new possibilities for developers.

Bitfinity's Chain Fusion technology enables direct interoperability with major blockchains like Bitcoin and Ethereum without relying on trusted intermediaries, enhancing security and transparency. This approach provides a robust foundation for decentralized finance (DeFi) applications. Additionally, Bitfinity supports Runes, a protocol for creating fungible tokens on the Bitcoin blockchain, empowering developers to build innovative Bitcoin-native DeFi applications.

The Bitfinity EVM offers Ethereum developers a familiar environment with enhanced scalability, speed, and cost-efficiency provided by the Internet Computer's consensus mechanisms. With support for up to 1000 transactions per second (TPS) and fast finality, Bitfinity simplifies the development process for multi-chain applications. The platform's gas-free environment during the mainnet rollout phase incentivizes developers with fee-free transactions, streamlining the development process and encouraging innovation within the ecosystem.