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Bitlayer: A Second-Layer Solution for Bitcoin Finality
As blockchain technology continues to evolve, Bitcoin, as the first decentralized digital currency, has been widely adopted globally. However, with the increase in transaction volume, the traditional Bitcoin network faces scalability and efficiency issues. In this context, Layer 2 solutions have become a hot topic in the industry, aiming to improve the throughput of the Bitcoin network, reduce transaction fees, and provide users with a faster and more efficient transaction experience. Bitlayer, as the first Bitcoin second-layer solution based on Bitcoin finality, was created to address this challenge.
What is Bitlayer?
Bitlayer is an innovative second-layer network that solves Bitcoin's scalability issues at the base layer by using Bitcoin's "finality" feature. By leveraging Bitcoin's decentralized security and the flexibility of smart contracts, Bitlayer provides a more efficient and secure transaction and smart contract execution environment, especially ensuring finality and immutability, further enhancing the scalability of the Bitcoin network.
Bitlayer's design is based on the core principles of decentralization, security, and efficiency, allowing users to perform more complex transactions and contract executions without sacrificing Bitcoin's native security. The core components of the system include OpVM, Finality Bridge, and RtEVM.
3. RtEVM (Real-time Ethereum Virtual Machine)
RtEVM is an Ethereum-compatible virtual machine designed for the Bitcoin network. It allows developers to run Ethereum-compatible smart contracts and decentralized applications (dApps) on Bitlayer. This means that users can enjoy the powerful functionality of Ethereum smart contracts through Bitlayer without sacrificing the finality and security of the Bitcoin network. The emergence of RtEVM not only increases the functionality of the Bitcoin network but also enables Bitcoin to interoperate with the Ethereum ecosystem, providing developers with more room for innovation.
