#Bitlayer @BitlayerLabs Bitlayer is a Bitcoin Layer 2 solution based on BitVM, aimed at enhancing the scalability and programmability of the Bitcoin network. It supports complex decentralized applications (dApps) through Turing-complete smart contracts, is compatible with the Ethereum Virtual Machine (EVM), and facilitates developers in migrating applications. Bitlayer utilizes zero-knowledge proofs (ZKP) and optimistic verification mechanisms to achieve efficient transaction processing and cross-chain asset transfer while maintaining the security of Bitcoin. Its native token $BTR (total supply of 2.1 billion) is used for governance and incentives, supporting ecological applications such as DeFi, NFTs, and gaming. The Bitlayer V1 mainnet was launched in April 2024, and V2 will introduce a Rollup architecture with higher throughput and lower costs, driving innovation and adoption in the Bitcoin ecosystem.
