• Bitlayer is a Layer 2 solution on Bitcoin built on the BitVM virtual machine platform, enabling Turing-complete smart contract execution with EVM compatibility, while inheriting security and decentralization from Layer 1 Bitcoin   .
• Summarizing key technical factors:
• Using LVM (Layered Virtual Machine) separating the execution and verification environments, helping to reduce the burden on the main chain by only sending necessary verification information  .
• Applying OP-DLC bridge technology (Optimistic Discreet Log Contracts) to safely and decentralized implement a two-way asset bridge between Bitcoin and Bitlayer  .
• Support DA (Data Availability) through compressing and splitting transactions to store on Bitcoin or solutions like Celestia, to ensure data on Layer 2 is verifiable .
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Ecosystem & system development
• Token and NFT:
• The project releases Lucky Helmet NFT (5,000 copies) with governance rights, used to receive token airdrops and enjoy special benefits  .
• Native token, issuance amount, and tokenomics information are still being updated or not publicly disclosed  .
• Development roadmap (Roadmap):
• Mainnet V1 (04/2024): Building a Proof-of-Stake Sidechain security model combined with MPC-TSS/multisig  .
• Mainnet V2 (09/2024): Transitioning to a rollup equivalent model  .
• Mainnet V3 (06/2025): Optimizing Layer 1 validation process using BVM (BitVM)  .
• Investors & partners:
• The project has successfully raised about 5 million USD in the seed round, with investment funds like Framework Ventures, ABCDE Capital, StarkWare, OKX Ventures, Alliance DAO, UTXO Management, Asymmetric Capital along with many other funds  .
• Expanding the ecosystem & cross-chain collaboration:
• Bitlayer has developed BitVM Bridge — the first bridge between Bitcoin and networks like Base, Starknet, Arbitrum, Sonic, Plume Network, opening the door for DeFi and cross-chain activities on Bitcoin .
• Through this bridge, users can participate in decentralized applications such as Yield Farming, Liquidity Pools, Lending/Borrowing, Staking — bringing Bitcoin widely into DeFi
