From Investing.com:

Conflux Network is set to launch an EVM-compatible Layer 2 solution to improve DeFi participation and transaction efficiency, with a testnet planned for March and a mainnet expected by May. The platform will utilize BTC for transaction fees and support BRC-20 tokens and Bitcoin inscriptions, leading to an 8% surge in CFX token price. The Layer 2 solution aims to enhance transaction throughput and reduce costs while maintaining Bitcoin blockchain security, using a Proof of Stake consensus protocol for greater interoperability. This move reflects a larger trend to enhance scalability and user experience in the blockchain ecosystem, particularly for Bitcoin.



Read more: Conflux Network to launch Bitcoin Layer 2 solution By Investing.com