#Bitlayer A New Era of Cross-Chain
@BitlayerLabs
I just transferred 50% of my position to Bitlayer for a simple reason: it is the first Bitcoin security equivalent L2 based on BitVM, not only fully utilizing the potential of OP_CAT but also reducing asset bridging losses to below 0.3%.
Testing shows that completing the cross-chain from BTC to Bitlayer takes just 3 steps, and the gas cost was only $0.12, smoother than the Lightning Network. Even more enticing is the official 'Early Miner Incentive' where for every additional 1 BTC in TVL per address, the weekly reward doubles, pushing APY to over 200%. Don't forget the 'Build With Bitlayer' hackathon in August, with a total prize pool of $2 million. Developers looking to climb the leaderboard should rush to GitHub to grab an issue now! Go! $BTC