🔴Problems Solved by Bitlayer 🌟
🔸️The Bitcoin network faces several challenges, including:
Limited transaction capacity: The Bitcoin network processes a limited number of transactions per second, leading to high fees and long wait times during congestion.
Lack of programming: The programming language of Bitcoin (Script) is limited and does not support complex smart contracts like those supported by networks such as Ethereum.
Absence of decentralized bridges: Current bridges for transferring assets between Bitcoin and other networks often rely on centralized parties, increasing security risks.
Difficulty accessing developers: Due to the complexity of Bitcoin programming, developers face significant challenges in building applications on it.
Bitlayer addresses these issues by offering solutions such as Rollup technology to increase capacity, and its compatibility with the Ethereum Virtual Machine (EVM), allowing developers to use familiar tools like Solidity, in addition to the BitVM bridge that provides secure and decentralized asset transfer between networks. @BitlayerLabs