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The Bitcoin Virtual Machine (BVM) addresses Bitcoin's lack of smart contract functionality and scalability constraints by introducing a Turing-complete virtual machine and horizontal scaling through Bitcoin L2 blockchains, known as BVM Chains. BVM enables smart contract transactions on Bitcoin, allowing developers to build decentralized applications (dApps) seamlessly. It is EVM-equivalent, facilitating the easy migration of dApps from Ethereum to Bitcoin. BVM's modular framework supports ZK rollups, optimistic rollups, and various data availability layers, enhancing Bitcoin's capabilities for decentralized web applications.
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