Bitlayer V2 White Paper Exposed! Building a Bitcoin Native DeFi Super Hub
Bitlayer has released the 'V2 White Paper,' announcing the launch of a Bitcoin native DeFi protocol stack that supports a full range of financial services including lending, derivatives, and insurance. With the RtEVM real-time virtual machine, developers can deploy complex financial contracts on the Bitcoin chain, reducing transaction confirmation times to under 10 seconds and lowering gas fees to $0.01.
Technical Breakthroughs:
• Cross-chain Atomic Swaps: Achieve instant exchanges between BTC and assets like ETH, SOL, without the need for third-party custody.
• Privacy Protection: Integrated zk-SNARKs technology to support anonymous transactions and on-chain data encryption.
• Institutional-level Compliance: Partnering with Chainalysis to meet KYC/AML regulatory requirements, attracting traditional financial institutions to enter the space.
Ecosystem Layout:
Bitlayer has established strategic partnerships with exchanges such as Binance and OKX, planning to integrate over 100 DeFi projects by the end of 2025. Its $100 million liquidity fund will prioritize support for stablecoin issuance, NFT markets, and other sectors, aiming to achieve a daily trading volume exceeding $1 billion by 2026.
Risk Warning:
Despite the promising technological outlook, Bitlayer still faces challenges from competitors like Stacks and RSK. Investors are advised to pay attention to its mainnet TPS (currently exceeding 2000 on the testnet) and actual user growth data to rationally assess long-term value.
