@BitlayerLabs , as an important exploration of the Bitcoin ecosystem, has indeed hit the long-standing pain points of Bitcoin in terms of programmability and scalability.

By achieving Turing completeness at the Layer 2 level through BitVM technology, it not only retains the underlying security of the Bitcoin mainnet — the most solid 'foundation of trust' in the crypto world — but also breaks through the functional boundaries of simple transfers, making innovative applications like smart contracts, DeFi, and NFTs feasible in the Bitcoin ecosystem. This leap is not insignificant.

Moreover, the EVM compatibility feature lowers the migration barrier for developers, quickly attracting those familiar with the Ethereum ecosystem to participate. Coupled with the $11 million Series A financing (especially the participation of traditional financial institutions like Franklin Templeton, indicating recognition of its model) and a $50 million incentive program, it undoubtedly injects strong momentum into the 'breaking the circle' of the Bitcoin ecosystem.

From 'digital gold' to 'the main arena of financial innovation', Bitlayer's exploration may really push Bitcoin into a more multidimensional application stage, and it is worth continuously following the progress of its ecosystem implementation. #Bitlayer