Yesterday we said that Bitcoin as a store of value is simply eternal! But its old problem has not been solved - that is, it is too 'rigid' to automatically help us make money.

However, the crypto world is such a place where there are pain points, and there are talented people to solve them! Today I want to share with you this 'macho man' called @BitlayerLabs Bitlayer, which is turning Bitcoin from a 'static asset' into a 'dynamic money printer'!

@BitlayerLabs is about to launch on Binance TGE, let's take a look at its impressive features:

It doesn't want to turn Bitcoin into an L1 like Ethereum with all sorts of flashy features, but aims to become the 'core infrastructure' of the Bitcoin ecosystem.

It perfectly inherits Bitcoin's ultimate security, and then moves all the 'fancy operations' to L2, allowing Bitcoin to enjoy the fun of DeFi without sacrificing its most core 'security' attribute.

There are three 'secret weapons' behind this that allow Bitlayer to take off directly:

1. BitVM Cross-Chain Bridge: Extremely high security. It only requires the assumption that at least one person in the system is honest (like a dedicated 'supervisor') to ensure your Bitcoin's safety.

2. High Throughput Rollup: We all understand the pain of the Bitcoin network being as slow as a turtle. Bitlayer directly brings out the 'Rollup' trump card. What are the benefits? Transactions are both fast and cheap! The official white paper states that block confirmation time is less than 3 seconds. With such speed, playing DeFi or Web3 games is incredibly smooth, almost comparable to playing on Solana or Sui.

3. YBTC Earning Asset: You must be wondering, how does YBTC make money? Simply put, YBTC is what you get when you lock Bitcoin in Bitlayer's L1 smart contract, which is then 1:1 mapped to a token generated on L2. Take note! Its earnings are not generated out of thin air but because it can be 'utilized'! You can use YBTC for lending, or provide liquidity to a DEX and earn trading fees while lying down.

Currently, the ecosystem has over 200 dApps covering multiple fields such as DEFI, NFT, and gaming. The project's TVL (Total Value Locked) once reached 850 million dollars.

After watching, how much do you think BTR will rise after going live? Let's discuss #Bitlayer

Red Dragonfly continues to share projects with you in simple terms, the more you learn, the more opportunities to earn money! 😂