Bitlayer is a layer 2 (Layer 2) solution for Bitcoin. Its main objective is to scale the Bitcoin network and enable a series of functionalities that are not possible on the main layer (Layer 1) of Bitcoin, such as smart contracts and decentralized finance (DeFi).

These are some of its key features:

* Bitcoin Security: Bitlayer is designed to offer security equivalent to that of Bitcoin. It uses a framework called BitVM (Bitcoin Virtual Machine) to verify transactions off the main chain (off-chain) while maintaining the security and finality of Bitcoin.

* Smart Contracts: Through BitVM and an Ethereum-compatible virtual machine (EVM), Bitlayer allows developers to create and execute smart contracts in the Bitcoin ecosystem without modifying the base protocol.

* Scalability and Speed: By processing transactions off the main Bitcoin chain, Bitlayer can achieve faster transaction speeds and lower fees.

* Interoperability: The platform seeks interoperability with other blockchain networks, such as Ethereum, to facilitate asset transfer and liquidity.

* Native Token: Bitlayer has a native token called BTR, which is used for network governance and staking.

In summary, Bitlayer seeks to transform Bitcoin from being primarily a digital store of value to a platform with broader functionality, enabling decentralized applications and financial services on the Bitcoin network. @BitlayerLabs #Bitlayer