Bitlayer# is a Layer 2 solution designed to enhance Bitcoin's capabilities, providing a secure and scalable environment for running smart contracts and decentralized applications (dApps) on the Bitcoin network. It relies on BitVM technology to integrate smart contract functionalities with the underlying security of the Bitcoin network. It aims to empower the Bitcoin community to take advantage of the benefits of DeFi and other innovations that were previously limited to other blockchains.

Key Features of Bitlayer:

Bitcoin-level Security:

Bitlayer relies on the core security of the Bitcoin network, ensuring strong protection for transactions and assets.

EVM Compatibility:

Bitlayer supports the Ethereum Virtual Machine (EVM) interface, allowing developers to easily migrate their applications and smart contracts from Ethereum.

Scalability:

Bitlayer employs a rollup architecture to enhance transaction speed and reduce costs while maintaining security.

BitVM Gateway:

Bitlayer provides a bridge built on BitVM that reduces the trust required, facilitating the secure transfer of Bitcoin assets between networks.