Bitlayer: A Functional Leap for Bitcoin Layer 2

As a professional observer in the field of blockchain technology, the Bitlayer project launched by @BitlayerLabs utilizes BitVM-based Layer 2 technology, bringing both functionality and scalability enhancements to the Bitcoin ecosystem.

Bitlayer leverages BitVM and optimistic rollup technology to securely expand Bitcoin to Layer 2, supporting EVM compatibility, allowing developers to use BTC to pay gas fees and build DeFi and NFT applications. Multi-chain bridge support facilitates asset transfers with CEX and other chains, employing cryptographic techniques to ensure security. Multi-VM support (such as CairoVM) further enriches development options. The project has secured $25 million in funding, led by Framework Ventures and Polychain, with team members hailing from Polygon and Huobi, possessing Heco chain development experience.

The total supply of the BTR token is 1 billion, distributed through a Booster Campaign to incentivize community participation, though the listing date is yet to be determined. Despite potential risks associated with main chain dependencies and bridge security, Bitlayer's technological innovations and ecological potential have made it a focal point in the BTCFi space. Future optimizations will further solidify its position.#Bitlayer