BRC2.0 Enables EVM-Powered Smart Contracts on Bitcoin
BRC2.0 enables EVM smart contracts on the Bitcoin network via the BRC20 token standard, going live at block 912,690. Developed by Best in Slot and Domo, the upgrade embeds a custom EVM engine into off-chain indexers, transforming Bitcoin’s token layer into a Turing-complete environment. BRC2.0 leverages Solidity tools and a large developer community to accelerate DeFi applications, including lending protocols and decentralized exchanges. Key wallet provider UniSat has already added BRC2.0 support in v1.7.3, enabling minting, transferring, and storing programmable assets across Taproot, SegWit, and Legacy addresses. Open-source EVM integration aims to prevent fragmentation and drive ecosystem adoption. Quotes from Best in Slot CEO Eril Binari Ezerel and BRC20 founder Domo underscore the goal of uniting Bitcoin’s security with Ethereum’s smart contract flexibility. This upgrade marks a milestone for Bitcoin, introducing composability and programmable tokens, and is expected to drive increased developer interest and demand for BTC.
Bullish
The integration of EVM smart contracts via BRC2.0 significantly expands Bitcoin’s utility and developer appeal. In the short term, traders may see increased interest in BTC as projects begin deploying new tokens and DeFi services on Bitcoin. Long term, the introduction of Turing-complete functionality and composability is likely to drive sustained network activity, token issuance, and demand for BTC, supporting a bullish outlook.