Introducing the
#Bitlayer Network ✅
The
@BitlayerLabs Network establishes a novel Bitcoin settlement framework that moves beyond reliance on a single, rigid smart contract. Instead, it leverages a flexible structure of pre-authorized Bitcoin transactions, inspired by the BitVM design. Every participant agrees to this transaction graph in advance, ensuring that once initiated, the process cannot be altered.
Key Innovations:
Continuous State Validation: Expanding on BitVM, Bitlayer validates an unbroken chain of state updates, ensuring the rollup remains sequential, tamper-resistant, and securely anchored to Bitcoin’s immutable ledger.
Recursive Design: Settlement is built on a single-claim validation process that repeats recursively, breaking complex verification into smaller units. This allows the network to scale efficiently while maintaining robust security.
Optimistic Verification: Claims are considered valid unless proven otherwise. Using the BitVM2 challenge-response model, disputes can be pinpointed to the exact computation step, enabling fine-grained, scalable verification without burdening Bitcoin with heavy on-chain proofs.
Role-Based Oversight: Validators pre-sign transaction structures, an operator submits state claims, and independent watchers monitor for fraud. This open model strengthens security, prevents collusion, and decentralizes oversight.
Three-Phase Lifecycle:
1. Submission: Operator submits a claim within a set timeframe.
2. Challenge: Watchers review and dispute fraudulent claims.
3. Settlement: Valid claims are finalized, fraudulent ones rejected, with penalties enforced through Bitcoin’s native time locks.
The Outcome
This system creates a self-regulating, incentive-aligned environment where operators are motivated to remain honest, and watchers are rewarded for vigilance. By blending economic incentives with Bitcoin’s censorship resistance and immutability, Bitlayer delivers a scalable, efficient, and tamper-proof Layer-2 settlement protocol anchored directly to Bitcoin.
#Bitlayerlabs $BTC