#Bitlayer Today I would like to introduce @BitlayerLabs

The Bitlayer project is a Bitcoin Layer 2 network based on BitVM, aiming to bridge the unmatched security of Bitcoin with the modern blockchain's needs for scalability and programmability. It is the first Layer 2 solution that offers Bitcoin-equivalent security and Turing completeness, specifically designed for the Bitcoin ecosystem to help address Bitcoin's limitations in transaction throughput, costs, and programmability, thereby unlocking Bitcoin's potential in decentralized finance (DeFi or BTCFi). The core objective of Bitlayer is to expand Bitcoin's capabilities while preserving its core principles of decentralization and security. It enables Bitcoin to participate in DeFi activities such as lending, trading, and yield farming by introducing smart contract support and decentralized applications (DApps). The project addresses the pain points of the Bitcoin mainnet, such as low throughput, high fees, lack of programmability, and trustless BTC bridging, thus invigorating Bitcoin capital and promoting the development of the BTCFi ecosystem. The price of $BTR is also very competitive.