BRC20 Upgrade Brings Ethereum-Style Smart Contracts to Bitcoin with EVM Integration
BRC20, the Bitcoin token protocol, has integrated the Ethereum Virtual Machine (EVM) into its core with an upgrade called BRC2.0, activated at Bitcoin block 912,690. This move enables Ethereum-style smart contracts on Bitcoin, making BRC20 tokens programmable. Developed by Ordinals builder Best in Slot with BRC20 creator Domo, the upgrade transforms BRC20’s indexer into a Turing-complete system. The goal is to merge Bitcoin’s security and decentralization with Ethereum’s programmability, offering users composability and smart contract functionality secured by Bitcoin.This could open the door to lending, DEXs, stablecoins, and NFTs directly tied to Bitcoin and position Bitcoin as more than just a store of value, making it a programmable asset ecosystem.However, Bitcoin’s limited block space and higher transaction fees could constrain mass smart contract adoption and attract stricter oversight if it enables token issuance and complex financial instruments.