Introducing BitVM: Enabling Turing-Complete DeFi on Bitcoin
Bitlayer is the first Bitcoin Layer 2 leveraging BitVM, a breakthrough that delivers full Turing-completeness to Bitcoin without modifying its base protocol. BitVM harnesses Taproot, hashlocks, timelocks, and expansive Taproot trees to validate arbitrary computations through an optimistic rollup framework making it possible to run sophisticated smart contracts directly on Bitcoin’s secure foundation.
This innovation empowers Bitlayer to provide fast transactions, low fees, and high throughput, all while maintaining the unmatched security of the Bitcoin main chain.