What Is Bitfinity Network? Bitfinity Network is a blazingly fast Bitcoin Layer-2 solution that brings Ethereum-like smart contract capabilities to Bitcoin and Bitcoin assets such as Runes, making the network more fun, fast, and powerful. Bitfinity enhances Bitcoin's functionality by integrating Runes (fungible tokens) and Ordinals (NFTs) into an EVM (Ethereum Virtual Machine) environment. Assets are securely bridged between Bitcoin and Bitfinity through the Internet Computer’s Chain-Key Technology, which uses multi-party computation (MPC) to create a fully decentralized bridge. This approach eliminates reliance on centralized intermediaries, increasing both trust and security. With fast transaction finality (2-3 seconds), Bitfinity transforms how Bitcoin is used, enabling a new layer of decentralised finance on Bitcoin. Bitfinity is the native utility token used within the network for: Transaction fees: Paying for transactions and data storage on the network. Governance: Participating in governance votes to decide on network upgrades and the allocation of resources. Bitfinity Network tools include: BitFusion SDK: Allows the transfer of tokens across multiple blockchain platforms, including Bitfinity, Bitcoin, Internet Computer, and Ethereum. Bitfinity Wallet: A self-custodial wallet for managing NFTs, tokens, and connecting to dApps. Bitfinity EVM: Enables Ethereum developers to seamlessly build on Bitfinity by using familiar tools like Solidity, Truffle, and Hardhat. How Many Bitfinity Coins Are There in Circulation? Bitfinity Network is expected to release detailed information about the total supply and circulating supply of its native token through its official channels. As of now, the tokenomics are still being developed and will be shared as the project progresses. Who Are the Founders of Bitfinity Network? Bitfinity Network was developed by Astari, a team of experienced blockchain professionals and innovators. The team brings a wealth of experience in blockchain technology, marketing, and business strategy, driving the development and adoption of Bitfinity Network. Bitcoin Layer-2 Solution: Enhances the Bitcoin network by adding smart contract functionality to assets bridged to Bitfinity via Chain-Key. EVM Compatibility: Offers Ethereum developers the ability to build on Bitcoin using the same tools and programming languages they are familiar with. Chain-Key Technology: Enables a fully decentralized bridge for assets between Bitcoin and Bitfinity, using multi-party computation (MPC) to remove reliance on centralized intermediaries, enhancing trust and security. Fast and Affordable: Achieves quick transaction finality (2-3 seconds) and low transaction costs, making it an efficient platform for dApps and DeFi. Runes and Ordinals Support: Integrates Runes (fungible tokens) and Ordinals (NFTs), enabling more complex asset management and tokenization on the Bitcoin network. Strong Ecosystem: Bitfinity has partnered with over 50 projects, ranging from decentralized exchanges (DEXs) to lending platforms, prediction markets, and DeFi protocols. Where Can I Buy Bitfinity Network (Bitfinity)? Bitfinity Network’s native token is not yet available on major cryptocurrency exchanges. Details on where to obtain the token will be provided as the project develops and token distribution plans are finalized. However 5 of the top 12 exchanges on Coin Market Cap as of Friday the 18th of OCtober have been confirmed. Stay tuned for updates on Bitfinity Network’s official website and social media channels.
Related Pages: Learn more about Bitfinity (BTF): https://bitfinity.network/ Explore the socials: https://x.com/bitfinitynet?lang=en Discover how Bitfinity enhances Bitcoin's functionality: https://www.coindesk.com/tech/2024/05/17/internet-computer-based-bitfinity-evm-launches-as-bitcoin-l2-supports-runes/ New to cryptocurrency? Find all the information you need with CoinMarketCap's [crypto basics guide](https://coinmarketcap.com/alex
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