Bitfinity Network, a Bitcoin Layer-2 solution compatible with the Ethereum Virtual Machine (EVM), has launched its mainnet after raising nearly $12 million.
The Layer-2 network aims to bridge the gap between Bitcoin and DeFi, offering enhanced interoperability and abstraction.
Bitfinity's mainnet launch follows significant institutional backing and a successful token sale, with the token now listed on major exchanges.
The network integrates Internet Computer Protocol's (ICP) Chain Fusion Technology and uses a threshold signature scheme to enhance security and control.