Bitcoin Adds 'All-Purpose Skills', @BitlayerLabs Unlocks Diverse Application Scenarios

Bitcoin has always been the 'anchor' of the crypto world, but its single-function issue makes it difficult to meet diverse financial needs. @BitlayerLabs customizes 'all-purpose skills' for Bitcoin, endowing it with new capabilities such as smart contracts, cross-chain interaction, and high throughput through Layer 2 technology, allowing Bitcoin to take on more roles.

The BitVM bridging technology of #Bitlayer enables Bitcoin to 'cross chains'—safely transferring to other blockchains without centralized custody, participating in DeFi activities there. High-throughput Rollups make Bitcoin 'faster'—transaction confirmation times shrink from several minutes to seconds, and fees are significantly reduced, making daily payments and high-frequency trading feasible. EVM compatibility allows Bitcoin to 'understand smart contracts'—#Bitlayer enables Ethereum DApps to run directly on Bitcoin Layer 2, allowing developers to avoid starting from scratch.

The yield-bearing asset YBTC enables Bitcoin to 'generate income': holders can stake for returns, provide liquidity, and even use it as collateral for leveraged trading, with annual yields of 3%-12%. #Bitlayer is transforming Bitcoin from a 'single store of value' into a 'multi-functional financial asset', capable of serving as 'digital gold' for preservation and as a 'yield-bearing asset' for appreciation. Whether you are a developer looking to create applications or an investor seeking to increase asset value, #Bitlayer is expanding the boundaries of Bitcoin.