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Bitlayer is impacting the crypto industry by enhancing bitcoin's scalability and programmability while preserving its security.BitVM enables Turing complete smart contracts, supporting over 200 dApps in Defi,NFTs and gaming. Its trust-minimized BitVM bridge facilitates secure cross-chain bitcoin transfers, introducing YBTC for programmable liquidity in Defi activities like lending and staking which generates real yield. Another impact for Bitlayer's EVM compatibility is to allow Ethereum developers to seamlessly build on BTC fostering innovation and crypto adoptivity. The BTR token is empowering governance and ecosystem growth making bitcoin adoption very swift in Defi making it a productive asset. @BitlayerLabs #Bitlayer
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Gm
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Feeling bullish today
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Bitlayer, which is, a layer 2 protocol that scales BTC by processing transactions off chain while anchoring security to BTC's layer 1. Features Bitlayer offers 🔹 EVM Compatibility: It enables to use familiar tools like metamask to build dapps on BTC.This brings together bitcoin and Ethereum's ecosystem expanding bitcoin's role in Defi 🔹 Scalability and Low costs: Bitlayer reduces transaction fees and achieves faster confirmations from batching transactions via optimistic roll ups and processing computations off chain 🔹 Bitcoin Native Security: Bitlayer has inherited bitcoin's security by verifying Layer 2 state transactions on bitcoin's base layer, using technologies like Zero-Knowledge Proofs. This ensures smart contracts benefit from bitcoin's consensus mechanism . @BitlayerLabs #Bitlayer
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