#bitcoin #Bitlayer Bitlayer is a Bitcoin-native Layer-2 network that enables smart contracts and scalable applications secured by Bitcoin. It utilizes BitVM, an innovative technology that allows for Turing-complete smart contracts on Bitcoin without compromising its core security.

*Key Features:*

- *Bitcoin-Level Security*: Bitlayer uses fraud-proof rollups to ensure trustless verification, maintaining Bitcoin's security standards.

- *Scalability*: Bitlayer processes transactions off-chain, increasing throughput and reducing costs while preserving decentralization.

- *EVM Compatibility*: Bitlayer supports Ethereum Virtual Machine (EVM) compatibility, enabling developers to seamlessly migrate applications from Ethereum.

- *Cross-Chain Asset Bridging*: Bitlayer facilitates secure asset transfers between Bitcoin and other blockchains like Base and Arbitrum.

*How it Works:*

1. *Transaction Initiation and Sequencing*: Transactions are initiated through smart contracts and received by the sequencer, which orders and prepares them for processing.

2. *Transaction Processing and Verification*: Bitlayer combines the Sequencer, LVM, and zero-knowledge-based optimistic mechanism to handle transactions efficiently while maintaining compliance with network rules.

*Use Cases:*

- *Decentralized Finance (DeFi)*: Bitlayer enables developers to build complex DeFi applications on Bitcoin.

- *Gaming Platforms*: Bitlayer's scalability and security features make it suitable for gaming platforms.

- *Cross-Chain Transactions*: Bitlayer facilitates secure asset transfers between Bitcoin and other blockchains ¹ ² ³.

*Token Information:*

- *Token Name*: Bitlayer Token (BTR)

- *Token Functions*: Ecosystem incentives, governance, and cross-chain interoperability.

- *Token Supply*: 1 billion BTR.

- *Listing*: BTR is listed on CoinList with a trading pair of BTR/USDT ² ⁴.