The Bitcoin ecosystem is definitely going to have a big wave.
The Bitcoin Layer2 track has been quite lively lately... The Bitlayer project, with the ID @BitlayerLabs , is quite interesting, claiming to be the first solution based on BitVM, and its TVL has already surged to 430 million US dollars.
What interests me the most is their dual-layer architecture:
PoS is responsible for fast block generation, while the Bitcoin main chain ensures security.
This design is much more reliable than those projects that purely rely on multi-signature bridges...
Moreover, they already have over 100 dApps in their ecosystem, ranging from DeFi to games.
Recently, they are also running a Booster event with Binance Wallet, airdropping 5.15 million BTR tokens.
On the technical side, the combination of BitVM's recursive proof and zero-knowledge proof is quite innovative, reportedly achieving sub-second soft confirmations and 7-day hard confirmations.
However, the key point is whether they can achieve the goal of 20,000 TPS by the end of the year... ID #bitlayerTGE
Do you think such Bitcoin Layer2 projects can break Ethereum Rollup's monopoly?
Let's discuss your views in the comments section. ID #bitlayer
