Binance's recent move is quite aggressive. CreatorPad and Binance Wallet's Booster have collaborated, launching their first joint project directly at @BitlayerLabs 🚀
In simple terms, Bitlayer is a new generation infrastructure built on Bitcoin's security architecture, aiming to make Bitcoin not just a passive investment waiting to appreciate, but a truly active and profitable asset. It has three core components:
BitVM Cross-Chain Bridge enables secure interconnectivity between Bitcoin and other chains without relying on third-party trust, reducing the risk of hacks or exit scams.
Yield Asset YBTC your BTC not only appreciates but can also earn interest in DeFi, similar to staking or yield protocols on Ethereum.
High Throughput Bitcoin Rollup allows for faster, cheaper transactions and can run complex smart contracts.
The benefits are quite direct:
Bitcoin can participate in DeFi, with a full suite of lending, DEX, and stablecoins, maximizing practicality.
Fast speed, low fees, with an experience that can compete with Ethereum Layer 2.
High security, relying on Bitcoin's own security mechanisms, so there's no fear of bridge hacks.
The fundraising scale has reached 25 million USD, backed by top-tier VCs like Polychain, Framework Ventures, ABCDE, Franklin Templeton, and others.
In summary: Bitlayer aims to evolve Bitcoin from “digital gold” into a “money-making machine,” showcasing real imagination with this move.💥
