Layer 1 blockchain Conflux Network is developing an “EVM-compatible” solution focused on interoperability with Bitcoin.

This solution will allow the transfer of bitcoin and inscription-based tokens between the Conflux and Bitcoin networks. A testnet is expected to launch by the end of March, with the mainnet targeted for May.

Conflux is known for combining proof-of-work (PoW) and proof-of-stake (PoS) algorithms to achieve consensus on its network. The new solution will operate on top of its main chain, aiming to interact directly with Bitcoin. It will use bitcoin for gas fees as well as support Ethereum-based contracts, the team said.

“By leveraging Bitcoin’s strength and integrating it seamlessly into our network with forward-thinking features like PoS-based staking capabilities, our …