@BitlayerLabs BitlayerLabs is leading the next technological revolution in the Bitcoin ecosystem. As the first Bitcoin Layer 2 network based on BitVM, Bitlayer combines the security of Bitcoin with the Turing completeness of Ethereum to create a high-performance, low-cost smart contract platform. Through compatibility with EVM, developers can easily migrate existing DApps to Bitlayer, enjoying faster transaction speeds and lower fees.

Currently, @BitlayerLabs Bitlayer is advancing its three-phase technical roadmap:

1. *PoS Foundation Phase*: Completed in April 2024, utilizing multi-signature and multi-party computation (MPC) technologies to ensure asset security.

2. *BitVM Rollup Phase*: Expected to be realized in the first to second quarter of 2025, achieving direct verification of Layer 2 state through native Bitcoin Rollup, enhancing decentralization and security.

3. *Super Acceleration Phase*: Aiming to achieve 20,000 transactions per second by the fourth quarter of 2025, with transaction confirmation times reduced to 3 seconds, meeting the needs of large-scale applications.

Additionally, the “Ready Player One” ecological incentive program launched by Bitlayer has attracted over 800 projects across various fields, including DeFi, NFT, and SocialFi. This program has a total reward pool of over 50 million dollars, providing developers with funding, liquidity support, product development resources, and community collaboration opportunities.

As Bitlayer continues to develop, its position in the Bitcoin ecosystem becomes increasingly important. Whether you are a developer or a user, Bitlayer offers a platform worth paying attention to and participating in. #Bitlayer