#bitlayer Here's a more detailed explanation:
Layer 2 Solution for Bitcoin:
Bitlayer operates as a second layer on top of the Bitcoin blockchain, aiming to address scalability limitations and enable more complex functionalities like smart contracts and dApps.
BitVM and ZK Proofs:
It utilizes the BitVM framework, which allows for the execution of Turing-complete smart contracts on Bitcoin, and leverages ZK proofs for efficient and secure transaction validation.