What is X1 Blockchain? A Solution to Break the Divide between EVM and Bitcoin
Ethereum and Bitcoin are the two most dominant and influential blockchains in the crypto space. Ethereum is the home of smart contracts, decentralized applications, and digital collectibles. Bitcoin is the original and most secure cryptocurrency that serves as a store of value and a medium of exchange. However, Ethereum and Bitcoin are isolated from each other, meaning that users cannot easily swap their tokens or assets across the two chains without relying on third parties or centralized exchanges. To solve these issues, Jack Levin, the founder of XEN Crypto and a former Google engineer, announced on January 23, 2023 that he is working on a new Layer 1 blockchain called X1. X1 is designed to bridge the gap between the EVM ecosystem and Bitcoin and provide a superior user experience for XEN Crypto. XEN Crypto is a decentralized platform that allows users to create and trade digital collectibles called XENFTs. XENFTs are unique and scarce tokens that represent various forms of art