IBVM Bitcoin Layer-2 Project: Over 1 Million Users and Upcoming TGE

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by Giorgi Kostiuk

a year ago


The International Bitcoin Virtual Machine (IBVM) project is gaining significant attention due to its unique approach to scaling Bitcoin Layer-2 solutions. With over 1 million active users and an upcoming Token Generation Event, IBVM is positioning itself as a key player in the market.

Meet the Founding Team Behind IBVM

IBVM is chaired by renowned jazz musician and blockchain advocate Albert Dadon, and led by CEO John Sajadi, who has deep knowledge in business and operations. The team also includes: * **Alok Agrawal**, CTO, responsible for developing the zero-knowledge proof system and Layer-2 protocol. * **Romil Jain**, COO, plays a pivotal role in aligning operations with the long-term strategy.

Scaling with Real-World Utility

In a recent AMA on Binance Live, the IBVM team showcased significant project developments: * **100+ smart contracts** are active on the testnet, with open access to faucets for developers. * **No wrapped BTC**: IBVM allows native Bitcoin to be programmable. * **Localized interfaces**: Offering multilingual support and an easy onboarding experience for users in Africa, Southeast Asia, and Latin America.

Key Milestones

Key achievements of IBVM include: * Over 1 million users joined the Telegram rewards bot since its launch. * More than 100,000 wallets created. * 119 deployed smart contracts on the testnet. * 4.8-star app rating from over 11,000 reviews on Google Play.

IBVM presents a promising solution for scaling Bitcoin Layer-2, offering real utility and community engagement. With an upcoming TGE and many milestones achieved, the project continues to attract interest from users and investors.

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