Item side @BitlayerLabs ($BTR) announced that the BitVM Bridge mainnet Beta, built on the advanced BitVM smart contract architecture, has officially launched. Compared to earlier BTC bridging technologies, the biggest highlight of BitVM Bridge is its 'minimized trust' architecture. Through the innovative BitVM smart contract, the Bridge not only introduces powerful dispute resolution and anti-fraud mechanisms but also achieves decentralized custody without the need for soft forks, ensuring that users' assets are transferred safely and reliably.
The YBTC tokens minted through BitVM Bridge will be strictly pegged 1:1 to Bitcoin and can be widely used in Bitlayer Rollup or other supported programmable environments. This means users can flexibly use BTC across different ecosystems to engage in various DeFi activities such as lending, staking, and yield strategies.
Currently, BitVM Bridge has formed strategic partnerships with leading public chains and protocols such as Sui, Arbitrum, Base, Cardano, and Plume to promote the integration and ecological cooperation of YBTC. In addition, #Bitlayer has also partnered with three major Bitcoin mining pools: Antpool, F2Pool, and SpiderPool, with related mining pool APIs now supporting real-time NSTs processing from BitVM Bridge, completing the full execution process.
With the #Bitlayer mainnet Beta launch, BitVM Bridge will further advance the deployment of the mainnet phase, plan to announce the members of the security council, conduct online testing activities, and ultimately enable users to bridge Bitcoin to other ecosystems in a minimized trust manner, opening up more diversified DeFi application scenarios.
