Conflux announced the launch of a Bitcoin Layer 2 solution compatible with EVM. At that time, Conflux will be able to seamlessly manage BTC and xRC20 tokens (such as BRC20 and ARC20) based on Bitcoin through smart contracts. Users can connect various asset types on the Bitcoin network or transfer assets to the Bitcoin chain.

It is reported that the testnet of this network is expected to go live in February or March 2024, and the mainnet is planned to launch in May.