Bitlayer: The Infrastructure Pioneer to Activate Trillions of 'Sleeping Assets' in Bitcoin (Seventh Article Today)
As institutions and large holders stockpile Bitcoin with real money, ordinary holders are getting anxious: our 'digital gold'—is there a way to earn some returns besides just holding it? Bitlayer aims to address this pain point—it seeks to become the core channel for Bitcoin to enter decentralized finance (BTCFi), truly bringing dormant massive assets to 'life.'
Where does its confidence come from? Two main strategies:
1. BitVM Bridge: Safe crossing is assured. What’s the biggest fear in cross-chain? Bitlayer's bridge uses cutting-edge BitVM technology to minimize the need for trust in intermediaries and is among the first in the industry to implement this solution on the mainnet. Bitcoin transactions are more secure.
2. Bitlayer Network: A significant upgrade in speed experience. A high-performance 'second-layer highway' (Rollup) is built on top of Bitcoin, inheriting the original chain's security, but with incredible speed, sufficient to run various complex DeFi applications, aiming to cultivate a vibrant ecosystem.
Not just talk:
Strong allies: Collaborating with powerful public chains like Sui, Base, Arbitrum, and Cardano, and rallying major mining pools like Antpool and F2Pool, which control over 1/3 of the entire network's hash power, to co-build the network.
Big names supporting: Top-tier venture capital firms like Polychain Capital and Franklin Templeton have just invested 25 million USD in real money to support.
How can ordinary people participate?
Currently ongoing 'Booster' activity (Phase Two): Through the Binance wallet entry, complete some cross-chain or staking tasks for a chance to receive future BTR token airdrops.
Keep an eye on the upcoming Pre-TGE warm-up activity; there will be a round of benefits before the launch.
In simple terms, Bitlayer aims to solve the security and speed challenges of getting Bitcoin 'moving,' targeting the trillions of dollars in 'sleeping assets.' The stage is set, and it’s worth paying attention to what comes next.
