诸葛投研
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Bullish
Speaking of #Bitlayer , everyone should remember that it's the big project where the booster task requires pledging 1 BTC at most.
Why pledge so much?
Bitlayer is a Layer2 scaling and smart contract platform specifically designed for BTC, and BTR is the native token of this platform. It is built on the foundational value of Bitcoin's security, and through BitVM technology, users can execute smart contracts on Bitcoin.
In other words, with its help, other projects can conduct DeFi and dApps on Bitcoin, and the biggest advantage of doing these projects on Bitcoin's public chain is that the core architecture is very secure and completely decentralized. Of course, the downside is that gas fees are quite high, so last time's Booster event required everyone to pledge large amounts of capital to build nodes and increase processing speed.
@BitlayerLabs
Why pledge so much?
Bitlayer is a Layer2 scaling and smart contract platform specifically designed for BTC, and BTR is the native token of this platform. It is built on the foundational value of Bitcoin's security, and through BitVM technology, users can execute smart contracts on Bitcoin.
In other words, with its help, other projects can conduct DeFi and dApps on Bitcoin, and the biggest advantage of doing these projects on Bitcoin's public chain is that the core architecture is very secure and completely decentralized. Of course, the downside is that gas fees are quite high, so last time's Booster event required everyone to pledge large amounts of capital to build nodes and increase processing speed.
@BitlayerLabs
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