@BitlayerLabs
Bringing Bitcoin's $1.3 trillion market cap into DeFi to address the growth bottleneck of Ethereum's TVL.
Breaking the narrative that Bitcoin is 'just a store of value' and proving it can serve as a settlement layer for high-performance smart contracts.
Providing a new battlefield for Ethereum/Solana developers, fostering native Bitcoin DeFi applications (such as AMM based on the UTXO model).
Bitlayer is the culmination of Bitcoin Layer2 technology—solving trust issues through BitVM**, resolving asset yield issues with YBTC, and addressing performance issues with Rollup, forming a closed-loop ecosystem. If it can achieve the following in 2024:
1. A fully decentralized BitVM validator network,
2. Attracting top DeFi protocols with over $500 million in TVL,
then it is expected to become the key infrastructure for Bitcoin's transition from 'digital gold' to a 'financial operating system.' Its biggest risk is not technical but lies in reconciling the ideological conflict between Bitcoin conservatives and innovators.
https://tinyurl.com/BitlayerxCreatorPad
