Bitlayer is the first Bitcoin Layer 2 solution based on the BitVM architecture, providing the same security as Bitcoin while supporting Turing completeness. The project aims to enhance the Bitcoin ecosystem through secure scalability, asset diversity, and innovation. Bitlayer aims to provide users with a faster, safer, and more flexible blockchain experience.

The core goal of Bitlayer is to address the trade-off between security and Turing completeness in Bitcoin Layer 2 technology. Its design inspiration comes from BitVM, DLC/LN (Discrete Log Contracts / Lightning Network) technology protocols, and multiple VMs (including EVM, Ethereum Virtual Machine).

The technical team of the project has abstracted three key tasks from these inspirations:

Trustless entry and exit of Layer 1 assets

State transitions using Turing-complete Layer 2 virtual machines

Validating the effectiveness of Layer 2 state transitions on Layer 1

Its core functionalities and operating principles are built around several key technical components to support more complex application scenarios, such as smart contract execution, high-throughput transaction processing, and cross-chain asset transfers, etc.

@BitlayerLabs #Bitlayer $BTR