💥Breaking News:
CreatorPad from Binance is collaborating with Binance Wallet's Booster!
The first wave of collaborative projects is @BitlayerLabs 💥✨
What is Bitlayer?✨
Bitlayer is built on Bitcoin's native security architecture, creating a trust-minimized BitVM bridge, yield-bearing asset YBTC, and high-throughput Bitcoin Rollup, bringing true utility, speed, and composability to Bitcoin, while establishing a complete DeFi infrastructure for the Bitcoin ecosystem.@BitlayerLabs
Funding of 25 million for btcl2, with major investors including: Polychain, Framework Ventures, ABCDE, Franklin Templeton, okx, and other large VCs😎
In simple terms: Bitlayer is a new thing based on Bitcoin's security architecture, and its first core feature is:
1. BitVM Bridge: Makes cross-chain transactions between Bitcoin and other chains safer, without the need to rely on third-party trust, reducing the risk of hacks or exit scams#Bitlayer
2. Yield-bearing asset YBTC: Allows your Bitcoin to not only appreciate in value but also to generate "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, and supporting complex smart contracts.
What are the benefits?✨#Bitlayer
✅ Bitcoin is no longer just “digital gold.” Previously, Bitcoin could only be bought and held for price appreciation, but now it can be used in DeFi for earning yields, maximizing its utility.
✅ Transactions are faster and cheaper. Rollup technology enables the Bitcoin network to achieve high speed and low fees similar to Solana and Ethereum Layer 2.
✅ Higher security. Based on Bitcoin's native security architecture, it is more reliable than randomly chosen third-party cross-chain bridges.
✅ A more complete ecosystem. In the future, the Bitcoin chain will also support a full suite of DeFi services like lending, DEX, and stablecoins, eliminating the need to envy the Ethereum ecosystem.
In short, Bitlayer aims to transform Bitcoin from "lying flat" to a "money-making machine," while maintaining security and decentralization, representing a significant leap forward! 🚀
