@BitlayerLabs #Bitlayer
When it comes to cross-chain, many people's first reaction might be "facilitating asset flow", but in fact, the biggest pain point has always been "security". In the past, so many cross-chain bridges have been hacked because they either relied too heavily on trust or had overly complex mechanisms, resulting in significant user losses when things went wrong.
What attracts me to Bitlayer is that it has made breakthroughs in this fundamental issue. The BitVM Bridge launched by @BitlayerLabs has already gone live on the mainnet. Its characteristic is "minimized trust"; it does not rely on centralized third parties, nor does it need to gamble that a certain validator will not act maliciously, but rather ensures cross-chain security through Bitcoin's own security mechanisms. In other words, it builds the foundation of cross-chain directly on the security of BTC.
This may sound a bit technical, but it has significant meaning. Because if the issue of cross-chain security cannot be resolved, all subsequent applications and financial plays are just castles in the air. The BitVM Bridge has essentially fixed the "bridge" first, allowing BTC to truly flow safely into external ecosystems, making modules like YBTC and Rollup useful.
In my view, Bitlayer's approach is very much like building a tall building: first laying the foundation; once the foundation is solid, then adding floors. However, many projects rush to create applications from the outset, neglecting the fundamental issue of security. What sets Bitlayer apart is that it first addresses the "most difficult and most critical part".
Therefore, I believe that Bitlayer not only adds functionality to BTC but also reshapes the entire possibility of Bitcoin's financialization starting from cross-chain security. This is where its true value lies.