✨💥Breaking News:
The CreatorPad from Binance has collaborated with the Booster from Binance Wallet!
The first wave of collaborative projects is @BitlayerLabs 💥✨
What is Bitlayer?✨
Bitlayer is built on Bitcoin's native security architecture and is constructing a trust-minimized BitVM bridge, yield-bearing asset YBTC, and high-throughput Bitcoin Rollup, bringing true usability, speed, and composability to Bitcoin, and establishing a complete DeFi infrastructure for the Bitcoin ecosystem.
Having raised 25 million for btcl2, the main investors include: Polychain, Framework Ventures, ABCDE, Franklin Templeton, okx, and other large VCs😎
In simple terms: Bitlayer is a new initiative based on Bitcoin's security architecture, and its first core elements are:
1. BitVM Bridge: Allows for safer cross-chain transactions between Bitcoin and other chains without relying on third-party trust, reducing the risk of hacking or exit scams.
2. Yield-bearing asset YBTC: Enables your Bitcoin not only to appreciate in value but also to earn “interest,” similar to staking or DeFi yields on Ethereum.
3. High-throughput Bitcoin Rollup: Addresses issues of slow Bitcoin network speeds and high transaction fees, making transactions faster and cheaper, while also supporting complex smart contracts.
What are the benefits?✨
✅ Bitcoin is no longer just “digital gold.” Previously, Bitcoin could only be bought and held, waiting for the price to rise; now it can be used in DeFi to earn yields, maximizing its usability.
✅ Transactions are faster and cheaper. Rollup technology allows the Bitcoin network to operate at high speed and low fees like Solana and Ethereum Layer 2.
✅ Higher security. Based on Bitcoin's native security architecture, it is more reliable than just any random third-party cross-chain bridge.
✅ A more complete ecosystem. In the future, the Bitcoin chain can also have lending, DEX, stablecoins, and a full suite of DeFi, eliminating the need to envy the Ethereum ecosystem.
In summary, Bitlayer aims to transform Bitcoin from “lying flat” to a “money-making machine,” while maintaining security and decentralization. It will definitely be a significant leap! 🚀