#Bitlayer #Bitlayer的核心概念 In simple terms, Bitlayer's goal is to bring smart contracts and decentralized finance (DeFi) capabilities to the Bitcoin blockchain. Bitcoin is known for its security and decentralization, but it was not originally designed to support complex smart contracts. This limits Bitcoin's potential in DeFi and other Web3 applications.
Bitlayer is an exciting project that represents an important direction for the development of the Bitcoin ecosystem: expanding its functionality and application scenarios without sacrificing security. It utilizes innovative technology to compensate for Bitcoin's shortcomings in smart contracts, opening new doors for Bitcoin DeFi and other Web3 applications.
● Continuously monitor its technological progress: understand how its mainnet operates, technical updates, and security audit reports.
● Research its ecosystem projects: pay attention to which DeFi or GameFi projects choose to build on Bitlayer, as this reflects the activity level of its ecosystem.
● Participate cautiously: as an emerging project, the risks associated with its token (BTR) and related ecosystem are relatively high, so be sure to make decisions after fully understanding.
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