Economic Security Perspective - Bitcoin as a Security Budget: Bitlayer's Economic Moat
Title: Beyond Platform Tokens: How BTC Builds a 'Antifragile' Security Model for Bitlayer?
In the world of L2, the network's economic security budget is crucial. Many L2s rely on their own, highly volatile native tokens for staking and security assurance. This model carries an inherent risk of a 'death spiral': when the market declines and the platform token price plummets, the cost of attacking the network sharply decreases, making it exceptionally vulnerable. Bitlayer, however, constructs a more robust and 'antifragile' economic moat through its design philosophy, particularly the potential use of BTC as a core security asset.
Bitlayer's security vision is rooted in the consensus of the Bitcoin mainnet. Through BitVM, its ultimate security is guaranteed by Bitcoin's hash power, which is a security network worth hundreds of billions of dollars and the most powerful in the world. This means that Bitlayer's security budget is positively correlated with Bitcoin's overall market value and network health, rather than being linked to the price of an emerging L2's platform token. This brings unparalleled stability.
Moreover, when validators or participants within the ecosystem stake BTC to secure the network, they are staking the 'hard currency' with the strongest consensus and relatively lowest volatility in the entire crypto world. This not only increases the direct economic cost of malicious actions but also attracts capital that values long-term value and security. Bitlayer's security model essentially binds itself deeply with the 'central bank' of the crypto world, thereby avoiding the systemic security risks that other L2s may face due to the price volatility of their own tokens.
