Internet Computer Explores Bitcoin Layer 2 and Ordinals' Future

On May 13th, the Internet Computer will host a live stream featuring Bitfinity Network and Bioniq to discuss the recent launch of Bitfinity as an EVM Bitcoin Layer 2 and Bioniq's plans to introduce fun to Ordinals. Built on Chain Key Cryptography, the Internet Computer is a versatile blockchain aiming to address cost fluctuations and scalability issues.

Internet Computer to Host Event Exploring EVM Bitcoin Layer 2 and the Future of Ordinals

Zurich, Switzerland – April 29, 2023 – The Internet Computer, a next-generation blockchain platform, has announced that it will host a live stream event on May 13th featuring Bitfinity Network and Bioniq. The event will focus on the recent launch of Bitfinity, an EVM Bitcoin Layer 2, and Bioniq's plans to introduce innovative features to Ordinals.

Bitfinity EVM Bitcoin Layer 2

Bitfinity is a newly launched EVM (Ethereum Virtual Machine) Layer 2 for Bitcoin. It enables developers to create and deploy smart contracts on Bitcoin, unlocking a new realm of possibilities for the Bitcoin ecosystem. By leveraging the scalability and flexibility of the Internet Computer, Bitfinity eliminates the limitations of Bitcoin's base layer while maintaining the security and decentralization of the Bitcoin blockchain.

Bioniq's Plans for Ordinals

Bioniq is a platform that provides tools and infrastructure for creating and managing Ordinals, non-fungible tokens (NFTs) inscribed on individual satoshis (the smallest units of Bitcoin). Bioniq's upcoming plans involve introducing novel features and use cases for Ordinals, including the integration of video, audio, and 3D content.

Internet Computer Overview

The Internet Computer is a groundbreaking blockchain platform developed by the DFINITY Foundation with the ambitious goal of becoming a "world computer" capable of hosting decentralized applications (dApps) at scale. It utilizes innovative Chain Key Cryptography to enhance security and scalability, providing a foundation for highly efficient and cost-effective dApp operation.

Key features of the Internet Computer include:

• Network Nervous System (NNS): An open and decentralized management system that enables community governance and infinite scalability.
• Minimal Data Storage Costs: Optimized storage mechanisms keep costs low, fostering widespread dApp adoption.
• HTTP Smart Contract Calls: Smart contracts are directly callable via HTTP requests, enhancing user experience.
• User Anonymity and Reverse Gas Model: Users remain anonymous, while developers bear the costs of computation.
• Decentralized Infrastructure: The Internet Computer's infrastructure mirrors Bitcoin's, eliminating reliance on centralized cloud nodes.

ICP Governance Token

The native token of the Internet Computer, ICP, plays a crucial role in the ecosystem. ICP staking creates "Neurons," which enable holders to participate in governance by voting on proposals and earning rewards.

Event Details

The live stream event featuring Bitfinity Network and Bioniq will be held on May 13th at 15:00 UTC. Viewers can tune in to the live stream on the Internet Computer's YouTube channel.

Additional Information

For more information about the event, please visit the Internet Computer's official website or social media channels.

Media Contact

Internet Computer Foundation
media@dfinity.org