# Executive Summary IBVM (International Bitcoin Virtual Machine) is a Layer 2 scaling solution for Bitcoin that enables EVM compatibility through an optimistic rollup architecture enhanced with ZK-SNARKs for transaction verification. The system processes transactions off-chain and batches them efficiently for settlement on the Bitcoin blockchain, utilizing the security of Bitcoin while enabling Ethereum-like smart contract functionality. IBVM uses Bitcoin as its native currency for both transaction settlement and gas fees, creating a seamless bridge between Bitcoin's security and Ethereum's programmability. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://ibvm.gitbook.io/ibvm-doc/technical-documentation/executive-summary.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.