@BitlayerLabs is a company or team behind the development of Bitlayer, a Layer 2 solution designed to improve the scalability and efficiency of the Bitcoin blockchain.
🔹 What is Bitlayer?
Bitlayer is a scalability layer for Bitcoin that uses technologies such as optimistic rollups (Optimistic Rollups) or ZK-Rollups to enable faster and cheaper transactions without sacrificing the security of the main Bitcoin network.
🔹 Main objectives of Bitlayer Labs
1. Scalability: Allow more transactions per second (TPS) on Bitcoin.
2. Low fees: Reduce costs compared to the main network.
3. Compatibility with smart contracts: Facilitate decentralized applications (DApps) on Bitcoin.
4. Security: Maintain the inherited security of Bitcoin.
🔹 Technology used
Bitlayer could implement:
- Optimistic Rollups: Off-chain transactions with disputes in case of fraud.
- ZK-Rollups: Cryptographic (zero-knowledge) proofs to validate transactions.
- Sidechains: Side chains with bridges to Bitcoin.
🔹 Advantages over other solutions
- Focus on Bitcoin: Unlike Ethereum, which already has multiple L2s, Bitlayer aims to address scalability issues directly on Bitcoin.
- Greater adoption of DeFi on Bitcoin: Would enable lending, decentralized exchanges (DEXs), and more on the BTC network.
