@BitlayerLabs $BTR and progress in building an efficient Bitcoin Layer 2 ecosystem
Throughout its development, Bitcoin has asserted its position as a global store of value asset. However, inherent limitations in processing speed and transaction scalability have posed significant challenges to widespread adoption.
In this context, #Bitlayer emerges as a new generation Rollup solution, aimed at combining the security strength of the Bitcoin mainnet with a high-performance smart contract engine.
The core of Bitlayer lies in its unique architectural structure, integrating the BitVM technology stack with real-time EVM. This approach allows Bitlayer to provide a low-cost, high-speed, and scalable computing environment, while still maintaining the inherent finality of the Bitcoin blockchain.
Users can thus experience decentralized finance (DeFi) applications with a level of utility comparable to Ethereum Layer 2, while inheriting the superior security foundation from Bitcoin.
For the developer community, Bitlayer offers a significant advantage through EVM compatibility, allowing applications from the Ethereum ecosystem to be deployed easily without the need to relearn programming languages. This friendliness promises to significantly expand the scope of applications, encouraging innovative models in the fields of DeFi, NFT, and GameFi.
The development of Bitlayer is further reinforced by strategic funding from leading investment funds such as Polychain Capital and Franklin Templeton, totaling $25 million. This investment not only supports the research and development of technology but also contributes to strengthening the ecosystem and promoting the adoption of the YBTC token – an asset backed 1:1 by BTC. With this vision, Bitlayer has the potential to become a critical infrastructure for the BTCFi era.
