Bitlayer is a Bitcoin Layer 2 solution that uses a BitVM - a verification mechanism aimed at increasing the scalability of the Bitcoin mainnet while maintaining the same level of security as Bitcoin. Additionally, the project proposes a Bitlayer Bridge that allows users to make transfers between BTC and EVM networks to the Bitlayer network.
The crypto project Bitlayer has successfully raised $25M from Polychain Capital, Framework Ventures, OKX Ventures GSR, and others. 🦜❤️🔥
