#Bitlayerlabs

Bitlayer (bitlayerlabs) is a company pioneering a Layer-2 (L2) solution for Bitcoin, enabling more secure, scalable, and programmable decentralized finance (DeFi) using a technology called BitVM.

Bitlayer’s core innovations include:

A BitVM Layer: This is a new paradigm allowing Turing-complete (fully programmable) Bitcoin smart contracts with an optimistic validation scheme, unlocking DeFi and complex applications on Bitcoin without modifying the core protocol.

A BTC-EVM compatibility bridge: Enabling Ethereum smart contracts and rapid decentralized application (DApp) development on Bitcoin.

Yield and Rollup Layers: These provide yield-bearing Bitcoin assets (YBTC) and high-throughput Bitcoin rollups for fast, efficient transactions and secure scaling.

Strong Backing: Notable investors include Polychain Capital, Framework, ABCDE Labs, Franklin Templeton, and OKX Ventures. Bitlayer has secured over $25 million in funding and is headquartered in Singapore.