⚡ What Is Bitlayer?
Bitlayer is a Layer 2 protocol for Bitcoin, designed to bring smart contracts and decentralized apps (dApps) to the Bitcoin ecosystem—without compromising its security.
🔍 Key Features
- Built on BitVM: Enables programmable logic on Bitcoin, similar to Ethereum smart contracts.
- EVM-Compatible: Developers can use Solidity, MetaMask, and familiar Ethereum tools.
- Low Gas Fees: Median transaction cost ranges from $0.10 to $0.40.
- High TVL: Bitlayer has locked in hundreds of millions in value, rivaling Merlin Chain.
🧠 Core Tech Stack
- BitVM Bridge: A non-custodial cross-chain bridge for secure asset transfers.
- RtEVM (Realtime EVM): Parallel execution engine for high performance.
- Peg-BTC (YBTC): Programmable Bitcoin assets usable across DeFi protocols.
🪙 BTR Token
- Native token for governance and ecosystem incentives.
- Fixed supply: 1 billion BTR.
- Used for staking, voting, airdrops, and rewards.
🌐 Use Cases
- Bitcoin-powered DeFi
- Cross-chain asset management
- Enterprise blockchain infrastructure
- Gamified dApps like Bitlayer Racer Center and DApp Center Airdrop
