BRC-20 Launches BRC2.0, Embedding EVM to Enable Smart Contracts on Bitcoin

Launched at Bitcoin block 912,690, the upgrade by Best In Slot with BRC-20 creator Domo and the Layer 1 Foundation adds EVM to the core indexer, enabling Ethereum-style dApps without bridges or oracles.

BTC

ETH

193d ago

Fact Check

Multiple independent crypto news sources, including CoinDesk, Decrypt, and Cryptopolitan, corroborate that an upgrade to the BRC-20 protocol, dubbed 'BRC2.0', has occurred. The evidence consistently states this upgrade integrates or embeds the Ethereum Virtual Machine (EVM), enabling EVM-compatible smart contracts on the Bitcoin network.

Summary

BRC-20 launched its BRC2.0 upgrade at Bitcoin block height 912,690, embedding Ethereum Virtual Machine functionality into the core indexer to enable Ethereum-style smart contracts on Bitcoin. Developed by Best In Slot with pseudonymous creator Domo and the Layer 1 Foundation, the move aims to make Bitcoin-native tokens programmable and interoperable with EVM-compatible chains. Best In Slot CEO Eril Binari Ezerel stated that upgrading indexers makes BRC-20 'Turing complete'. Since early 2023, BRC-20 has recorded over $3 billion in traded asset value, with $633 million in on-chain volume over the last six months. Asher Corson from Unbroken Chain suggests that programmability could drive renewed interest in Bitcoin assets.

Terms & Concepts

Ethereum Virtual Machine (EVM): A runtime environment that executes smart contracts on Ethereum; embedding it in BRC-20 enables Ethereum-style programmability on Bitcoin.
Indexer (Bitcoin meta-protocols): An off-chain component that tracks and computes protocol state (e.g., BRC-20, Ordinals, Runes); upgrading it can add features without changing Bitcoin’s base layer.
BRC-20: A Bitcoin-based fungible token standard built on the base layer and indexers; BRC2.0 adds programmability and compatibility with EVM tooling for dApps and DeFi.