#Bitlaye @BitlayerLabs BitLayer is a Layer2 public chain based on Bitcoin.

It is the first Layer2 network to use Bitcoin as the settlement and consensus layer, aiming to address the trade-off between security and Turing completeness in Bitcoin's second-layer technology.

The core features of BitLayer include:

Bitcoin security equivalence: provides security equivalent to Bitcoin.

Turing completeness: supports the execution of any possible computation or program.

EVM compatibility: by implementing BitVM compatible with the Ethereum Virtual Machine (EVM), it allows developers to write and execute complex smart contracts on Bitcoin.

Cross-chain interoperability: supports asset transfers between Bitcoin and Layer2 networks, facilitating more efficient transactions.

The main application scenarios of BitLayer include:

DeFi applications: such as lending protocols and re-staking protocols.

Smart contract execution: supports complex smart contract functionalities.

High throughput transaction processing: provides efficient transaction processing capabilities.

Through these features and applications, BitLayer aims to combine Bitcoin's security with Ethereum's programmability, driving the development of Bitcoin in a broader range of application areas.