Bitcoin Virtual Machine (BVM) is a new platform that brings smart contracts to Bitcoin. It works like Ethereum but runs on Bitcoin's network. The system uses Layer 2 solutions called BVM Chains for better speed and lower costs.
What makes BVM special is its flexibility. Developers can build all kinds of apps on it - from trading and gaming to social networks. It's already showing promise with projects like Alpha (a social app) and Satoshi's Gambit (a chess game). The platform offers different storage options and scaling solutions, making it both practical and affordable for developers who want to build on Bitcoin.