✨💥Breaking News: CreatorPad from Binance has teamed up with Binance Wallet's Booster! The first wave of collaborative projects is @BitlayerLabs 💥✨
What is Bitlayer?✨
Bitlayer is based on Bitcoin's native security architecture, building a trust-minimized BitVM bridge, yield asset YBTC, and high-throughput Bitcoin Rollup, bringing true utility, speed, and composability to Bitcoin, and establishing a complete DeFi infrastructure for the Bitcoin ecosystem.
Raising 25 million for btcl2, major investors include: Polychain, Framework Ventures, ABCDE, Franklin Templeton, okx, and other large VCs😎
In simple terms: Bitlayer is a new initiative based on Bitcoin's security architecture, and its first core aspects are:
1. BitVM Bridge: Enables safer cross-chain transactions between Bitcoin and other chains without relying on third-party trust, reducing the risk of hacks or scams.
2. Yield Asset YBTC: Allows your Bitcoin to not only appreciate in value but also to earn “interest,” similar to staking or DeFi yields on Ethereum.
3. High-Throughput Bitcoin Rollup: Addresses the issues of slow Bitcoin network and high transaction fees, making transactions faster and cheaper while supporting complex smart contracts.
What are the benefits?✨
✅ Bitcoin is no longer just “digital gold.” Previously, Bitcoin could only be bought and held for appreciation, but now it can be used for DeFi and earning yields, maximizing its practicality.
✅ Transactions are faster and cheaper. Rollup technology enables the Bitcoin network to operate at high speeds and low fees, similar to Solana and Ethereum Layer2.
✅ Higher security. Based on Bitcoin's native security architecture, it is more reliable than randomly choosing a third-party cross-chain bridge.
✅ A more complete ecosystem. In the future, the Bitcoin chain will have a full suite of DeFi including lending, DEX, stablecoins, etc., no longer envying the Ethereum ecosystem.
In short, Bitlayer aims to transform Bitcoin from being “passive” to a “money-making machine,” while maintaining security and decentralization, marking a significant leap! 🚀
