@BitlayerLabs $BTR and EVM compatibility: The bridge between Bitcoin and Ethereum
@BitlayerLabs is seen as one of the significant advancements in expanding the Bitcoin ecosystem. Essentially, Bitcoin stands out for its security and maximum decentralization but is limited in deploying complex smart contracts. In contrast, Ethereum, with the EVM (Ethereum Virtual Machine) standard, has become the standard platform for DeFi and Web3 applications. Bitlayer emerges as an extension layer designed to combine the security advantages of Bitcoin with the flexibility of EVM.
The highlight of @BitlayerLabs Bitlayer is its full compatibility with EVM. This allows developers to easily redeploy existing dApps, smart contracts, and DeFi infrastructure from Ethereum to the Bitlayer network without having to rewrite from scratch. As a result, the Ethereum community can leverage the liquidity, security, and branding of Bitcoin, while Bitcoin expands its application beyond the role of 'digital gold.'
The bridging mechanism between Bitcoin and Ethereum through Bitlayer creates a seamless connecting ecosystem: Bitcoin can participate in lending, staking, and yield farming protocols, while Ethereum users can enjoy the security assurance from the Bitcoin network.
In the long term, this is not only a technical advancement but also a strategic direction, freeing Bitcoin from the confines of 'store of value' to become a platform for actively participating in the decentralized financial era.
👉 Thus, Bitlayer has the potential to become a strategic bridge between Bitcoin and Ethereum, opening up a collaborative space and expanding value for both ecosystems.
