BxE Protocol

The BxE protocol, based on the Ordinals protocol, has implemented support for the Ethereum Virtual Machine (EVM) on the Bitcoin native network (Layer1), thereby enabling the Bitcoin network to support Turing-complete smart contracts. BxE has bridged the Bitcoin ecosystem with its own EVM, allowing Ordinals collections, BRC-20, Runes and more from the Bitcoin ecosystem to be introduced into the EVM, bringing decentralized liquidity to the Bitcoin ecosystem.

Advantages

Here are the main advantages of the BxE protocol:

• Security and Decentralization: The BxE protocol is based on the Ordinals protocol of the Bitcoin network, inheriting Bitcoin's high security and decentralization features. Since there is no need to upgrade the existing Bitcoin network, no new risks are introduced.

• Interoperability: The BxE project is committed to bridging the major ecosystems in the Bitcoin network, such as Ordinals inscriptions, BRC-20, etc., achieving seamless integration of Bitcoin inscriptions, domain names, NFTs, BRC-20, and other ecosystems, providing users with more choices and convenience.

• Scalability: By introducing the EVM into the Bitcoin network, the BxE protocol can utilize the Turing-complete feature of the EVM, introduce Layer2, oracle, and other features, thereby establishing good scalability and high throughput to meet different scales of application needs.

• Latest Ethereum EVM Compatibility: The BxE protocol uses the latest EVM as the smart contract execution environment, compatible with the latest Ethereum Cancun upgrade corresponding EVM.

• Lower Token Transfer Fee: The BxE protocol reduces the user's token transfer fee by optimizing the transaction process, making the cost of transfer transactions lower for users.

• Rich System Contract Design: The BxE platform has pre-set a series of system contracts, such as Bitcoin query, Ordinals query, BRC-20 query, etc., providing the ability for external EVM contracts to query data on the Bitcoin chain, and providing a bridge for dApps and smart contracts on BxE to interoperate and dock with other Bitcoin ecosystems.

• Token Economic Model: BXET, as the core encrypted digital asset of the BxE ecosystem, has a total issuance synchronized with the Bitcoin network, ensuring the scarcity and value stability of the token. At the same time, BXET serves as a Gas fee payment token within the platform and as a pledged asset for PoS state consensus, participating in community governance voting.

• Compatibility with the Ethereum Ecosystem: The BxE protocol provides gateway services compatible with the Ethereum JSON-RPC interface, enabling existing dApps to seamlessly migrate to the BxE platform, fully leveraging the security and decentralization of the Bitcoin network.

Summary

In summary, through innovative technical design, the BxE protocol has brought new vitality to the Bitcoin network and promoted the widespread application and development of blockchain technology in various fields.

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BxE协议

BxE协议基于Ordinals协议为基础，在比特币原生网络（Layer1）实现了对以太坊虚拟机EVM的支持，从而让比特币网络能够支持图灵完备的智能合约。BxE打通了比特币生态与自己的EVM，可以将Ordinals藏品、BRC-20、Runes以及更多的比特币生态引入到EVM中，为比特币生态带来了去中心化的流动性。 中文白皮书

BxE的优点

以下是BxE协议的主要优点：

• 安全性和去中心化：BxE协议基于比特币网络的Ordinals协议，继承了比特币的高安全性和去中心化特性。由于无需对现有比特币网络进行任何升级，因此不会引入新的风险。

• 互操作性：BxE项目致力于打通比特币网络中的各大生态，如Ordinals铭文、BRC-20等，实现了比特币铭文、域名、NFT、BRC-20等各生态的无缝对接，为用户提供了更多的选择和便利。

• 可扩展性：通过引入EVM到比特币网络，BxE协议能够利用EVM的图灵完备特性，引入Layer2、预言机等特性，从而建立良好的可扩展性和高吞吐量，满足不同规模的应用需求。

• 以太坊最新EVM兼容性：BxE协议以最新EVM为智能合约执行环境，兼容最新的以太坊坎昆升级对应EVM。

• 更低的Token转移手续费：BxE协议通过优化交易流程，降低了用户在进行Token转移时的手续费，使得用户在进行转账交易时的成本更低。

• 丰富的系统合约设计：BxE平台预置了一系列系统合约，如比特币查询、Ordinals查询、BRC-20查询等，为外部的EVM合约提供查询比特币链上数据的能力，并为BxE上的dApp与智能合约提供与其他比特币生态互操作和对接的桥梁。

• Token经济模型：BXET作为BxE生态系统的核心加密数字资产，其发行总量与比特币网络同步，保证了Token的稀缺性和价值稳定性。同时，BXET在平台内部作为Gas费用支付通证，并作为PoS状态共识的质押资产，参与社区治理投票。

• 对以太坊生态的兼容性：BxE协议对外提供与以太坊JSON-RPC接口兼容的网关服务，使得现有的dApp可以无缝迁移到BxE平台，充分利用比特币网络的安全性和去中心化程度。

总结

总的来说，BxE协议通过创新的技术设计，为比特币网络带来了新的生机和活力，推动了区块链技术在各个领域的广泛应用和发展。