Bitlayer is a Layer 2 scaling solution designed to enhance Bitcoin's scalability and programmability while maintaining its security. It leverages BitVM (Bitcoin Virtual Machine) and Zero-Knowledge proofs to achieve this goal.
*Key Features:*
- *BitVM Implementation*: Bitlayer pioneers the first BitVM implementation, enabling native programmability and scalability for Bitcoin.
- *Trust-Minimized Bridge*: Bitlayer's BitVM Bridge allows seamless asset transfers between Bitcoin and other blockchains, such as Base, Starknet, Arbitrum, Sonic, and Plume Network.
- *Decentralized Finance (DeFi)*: Bitlayer supports various DeFi applications, including lending platforms like Trustin Finance, ENZO Finance, and LayerBank, as well as stablecoin projects like Satoshi Protocol.
- *Gaming and NFTs*: Bitlayer provides a scalable infrastructure for blockchain-based games and Bitcoin NFT marketplaces.
- *EVM Compatibility*: Bitlayer is fully compatible with the Ethereum Virtual Machine (EVM), enabling easy migration of smart contracts from Ethereum to Bitcoin.
*Benefits:*
- *Faster Transaction Speeds*: Bitlayer achieves faster transaction speeds with its three-second block confirmation time.
- *Lower Costs*: Bitlayer reduces transaction costs compared to the Bitcoin blockchain.
- *Security*: Bitlayer maintains Bitcoin's security standards while enhancing scalability and programmability.
*Token Information:*
- *Token Name:* BTR
- *Tokenomics:* 80% of BTR tokens are reserved for liquidity pools, 15% for incubation projects, and 5% for governance.
- *ICO:* Bitlayer plans to launch its ICO on CoinList, targeting a $6 million raise.
*Partnerships and Ecosystem:*
- *Strategic Partnerships:* Bitlayer has partnered with leading blockchains like Base, Starknet, Arbitrum, Sonic, and Plume Network.
- *Binance Wallet Collaboration:* Bitlayer has
