Bitlayer is a layer 2 scaling solution for Bitcoin. By utilizing Ethereum Virtual Machine (EVM) technology, Bitlayer enables the development of decentralized applications (dApps) on the Bitcoin network. Unlike other solutions, Bitlayer offers a hybrid approach, combining the security of Bitcoin with the flexibility and compatibility of EVM.
Its unique design, based on the concept of double security and complete decentralization, aims to create an ecosystem where developers can build smart contracts and DeFi applications without compromising the fundamental principles of Bitcoin. With Bitlayer, the goal is to expand Bitcoin's capabilities beyond simple transactions, paving the way for new possibilities in the Web3 space.
