The Internet Computer-based Bitfinity platform introduces its Ethereum (available on Coinbase) Virtual Machine, facilitating smart contract execution for Bitcoin (available on Coinbase) protocols and enabling Bitcoin (available on Coinbase) DeFi applications with Runes support.

Built on the Internet Computer protocol, Bitfinity integrates with the Bitcoin (available on Coinbase) network, offering asset bridging to other blockchains. Leveraging Ethereum (available on Coinbase)’s smart contract language Solidity, developers can access Bitcoin (available on Coinbase)-based tokens, including BTC, Ordinals, and Runes.

The Bitfinity EVM enables the deployment of Bitcoin (available on Coinbase)-based Solidity smart contracts, expanding functionality for transferring assets. As an Ethereum (available on Coinbase) Virtual Machine, it serves as the backbone for executing smart contracts, akin to an operating system for Ethereum (available on Coinbase).

With Runes gaining traction since its launch alongside the Bitcoin (available on Coinbase) halving event, Bitfinity aims to tap into this momentum by enabling smart contract capabilities, facilitating the development of Bitcoin (available on Coinbase) DeFi applications. Despite a initial surge in activity, Runes’ network fees have stabilized following the launch frenzy.

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