Cryptoking_Mahesh(@maheshcrazy)'s insights

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ZEN ARLO

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Bullish

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🥇 Top Crypto Gainers & Losers: Tuesday, August 12 📈 Top Gainers: Codatta (XNY) +104.1% RIZE (RIZE) +96.0% CYBER ($CYBER ) +65.0% 📉 Top Losers: Yala ($YALA ) -21.2% Mythos (MYTH) -20.4% REVOX (REX) -20.4% $CYBER

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BitLayer is a Bitcoin Layer 2 (L2) solution designed to enhance Bitcoin's scalability and functionality while preserving its security and decentralization. Built on cutting-edge zero-knowledge (ZK) technology and leveraging the **BitVM** computing paradigm, BitLayer enables smart contracts, DeFi, NFTs, and complex applications directly on Bitcoin—traditionally limited by its base-layer constraints. ### Key Features: 1. **Bitcoin Security**: Inherits Bitcoin’s robust proof-of-work security, ensuring trust-minimized operations. 2. **ZK Rollups**: Uses zero-knowledge proofs to bundle transactions off-chain, reducing fees and boosting throughput (targeting 1,000+ TPS). 3. **BitVM Integration**: Allows Turing-complete smart contracts on Bitcoin without altering its core protocol, enabling programmability akin to Ethereum. 4. **EVM Compatibility**: Supports Ethereum Virtual Machine (EVM) tooling, allowing developers to deploy familiar dApps on Bitcoin. 5. **Decentralization**: Avoids trusted third parties, relying on Bitcoin’s consensus for finality. Purpose: BitLayer addresses Bitcoin’s scalability trilemma (security, speed, decentralization) by offloading computation to L2 while anchoring data to Bitcoin’s base layer. This unlocks DeFi, tokenization, and Web3 use cases for Bitcoin’s $1T+ liquidity, positioning it as a "Bitcoin Superchain." Status: Launched testnet in 2024, with mainnet imminent. Backed by investors like Franklin Templeton and Framework Ventures. If successful, BitLayer could catalyze Bitcoin’s evolution from "digital gold" to a full-fledged smart contract platform. #Bitlayer #CPIWatch $SOL $PENGU $PARTI

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