Bitlayer is a Layer 2 solution based on BitVM that is security-equivalent to Bitcoin, led by Framework, ABCDE, and StarkWare, with a valuation of $80 million. The focus is on Bitlayer built on BitVM, and those familiar with the BTC ecosystem should understand the high value of Turing-complete protocols on BTC.
BitlayerLabs (BTR) Advantages Smart Contract Support Utilizing the EVM-compatible BitVM solution, enabling the BTC network to run complex smart contracts for the first time, opening up a new decentralized application development space for developers.
Efficient Interaction Processing Employing an advanced layered verification mechanism to enhance interaction processing efficiency while ensuring security. Most interactions are completed on the second layer network, with only contentious interactions requiring main chain verification, achieving a high-speed, low-cost interaction experience.
Cross-Chain Resource Circulation
Through the innovatively designed OP_DLC bridging technology, resource flow between the BTC main chain and the second layer network is achieved, ensuring both resource security and user control over resource ownership.
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