@BitlayerLabs Bridge Mainnet Beta is officially launched!
Project Party @BitlayerLabs 's BBitVM bridge is built on the ultra-advanced BitVM smart contract architecture, creating Bitcoin bridging technology. Compared to the previous $BTC bridging technology, the biggest highlight is 'ultra-low trust'! 😎
Using the innovative BitVM framework, it has built-in powerful dispute resolution and anti-fraud mechanisms to ensure that users' asset transfers are safe and secure, and importantly, it doesn't require centralized custody or any soft forks, super cool! 💪
Through the YBTC tokens minted via BitVM Bridge, which are strictly pegged 1:1 to Bitcoin, they essentially represent the security of Bitcoin and can be widely used in #Bitlayer Rollup or other supported environments, allowing Bitcoin to play with more possibilities! 🔥
Currently, BitVM Bridge is collaborating with major public chains like Sui, Arbitrum, Base, Cardano, and Plume, making the ecosystem more vibrant! 🎉 At the same time, it has established collaborations with three major mining pools: Antpool, F2Pool, and SpiderPool, with API support for processing real-time NSTs of BitVMBridge, making the entire process super smooth.
After the mainnet #Bitlayer Beta goes live, there will be more activities, such as the establishment of a security committee and online testing. The goal of #Bitlayer is to allow users to securely bridge Bitcoin to other ecosystems in an ultra-low trust manner while also exploring more possibilities in various DeFi scenarios such as lending, staking, and earning! 🌈