Recently, the actions of @BitlayerLabs have been quite pragmatic. The public sale on CoinList at the end of July was a highlight, with a price approximately 33% lower than the previous round of VC financing, and a full unlock at TGE, which is quite appealing in the current market environment. Non-US users can use the Reg S option, while US users have a long-term path through Reg D. Following that, at the beginning of August, a new round was opened on the Holdstation Launchpad, with a price set at $0.20, FDV at $200 million, raising a total of 950,000 BTR tokens, of which 95% are allocated to HOLD stakers. This wave of operations not only provided retail investors with participation opportunities but also extended to the miner community through GoMining's Launchpad. More interestingly, the Booster Campaign in collaboration with Bitlayer and Binance Wallet allows users to seize BTR shares before the Pre-TGE. This reminds me of some early projects that quickly accumulated momentum through community incentives, but Bitlayer differs in that it has top-tier VC endorsements like Polychain Capital and Franklin Templeton, with total funding exceeding $25 million. This funding is not just for burning cash, but is invested in infrastructure, such as cross-chain partnerships with Sui, Base, Arbitrum, and Cardano, which can bring shared liquidity and make Bitcoin DeFi no longer an island.
The V2 version of the white paper was publicly released at the summer launch event, focusing on achieving finality at the Bitcoin Layer 1 level while introducing sub-second confirmation and escape pod mechanisms. What does this mean? Traditional Layer 2 solutions often compromise between speed and security, while V2 attempts to achieve both: batch processing transactions and only validating on-chain during disputes, significantly reducing costs and delays. Looking forward to V3, it will focus more on a high-performance execution layer, optimizing for trading, AI, and gaming scenarios. For example, high-frequency traders previously struggled to operate within the Bitcoin ecosystem due to high latency, but the preview of V3's architecture shows that it will integrate Zero-Knowledge Proofs (ZK-STARKs) to enhance privacy and computational efficiency. This is not just a technological iteration; it is injecting EVM compatibility into the Bitcoin ecosystem, allowing Ethereum developers to easily migrate dApps. Just think, the combination of Bitcoin's security and Ethereum's flexibility—how many new applications could this leverage?
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