The value storage property of Bitcoin has deeply resonated with people, but there have always been bottlenecks in scalability and smart contract applications. The emergence of Bitlayer provides innovative solutions to these problems and injects new vitality into the Bitcoin ecosystem.
The core technology of Bitlayer is highly innovative. It achieves a combination of Bitcoin's native security and Turing-complete programmability through a unique design. By adopting the trust-minimized BitVM bridging technology, secure cross-chain Bitcoin transfers can be realized without relying on centralized custodians or multi-signature schemes, greatly enhancing the security and convenience of asset transfers. Moreover, it is fully compatible with EVM (up to the Cancun update), allowing Ethereum developers to seamlessly migrate applications using familiar tools like Solidity and MetaMask, lowering the development threshold and attracting more developers to engage in Bitcoin ecosystem development.
Throughout its development, Bitlayer has achieved significant results. The PoS-based mainnet V1 successfully launched in April 2024, achieving 100% EVM compatibility and providing developers with smart contract deployment and cross-chain capabilities. The upcoming BitVM-based Rollup V2 will achieve security equivalent to Bitcoin by directly validating second-layer state transitions on the Bitcoin network. In the future, Bitlayer will also strive towards higher performance goals, aiming to create an efficient, secure, and programmable Bitcoin ecosystem platform, helping Bitcoin shine in the fields of decentralized finance and beyond.
