Bitfinity has launched a Bitcoin Layer-2 (L2) solution aimed at bridging the Bitcoin and Ethereum ecosystems. With $12 million in funding, including contributions from Polychain Capital and ParaFi, the project integrates Ethereum-compatible decentralized finance (DeFi) functionalities into Bitcoin. This new L2 platform enhances scalability and cross-chain compatibility, utilizing Internet Computer Protocol (ICP) technologies like ChainKey for security and interoperability. Developers can now deploy Ethereum-based smart contracts and decentralized applications on Bitcoin while leveraging its proof-of-work security. The initiative positions Bitcoin for broader utility beyond its traditional role as a store of value