What does @BitlayerLabs do? It is a Layer 2 scaling solution based on the Bitcoin blockchain, aimed at addressing the limitations of the Bitcoin mainnet in terms of transaction speed, cost, and programmability, while striving to inherit the powerful security of Bitcoin itself.

Core Technology and Design

The core technical philosophy of Bitlayer is to fully leverage the security guarantees of the Bitcoin mainnet. It employs technologies such as the BitVM computational paradigm, optimistic verification, and zero-knowledge proofs (ZKP).

In simple terms, complex computations and a large number of transaction processes are conducted off-chain, with only key data or verification results anchored to the Bitcoin mainnet. Disputes are resolved on the main chain only if they arise.

In terms of cross-chain asset transfer, Bitlayer has designed a dual-channel bridging solution (combining OP-DLC and a BitVM Bridge) to reduce reliance on traditional multi-signature custodial models, enhancing users' autonomy and security over their assets.

It also achieves 100% compatibility with the Ethereum Virtual Machine (EVM). This means developers can easily migrate existing Ethereum smart contracts to Bitlayer, significantly lowering development barriers and enriching the possibilities for ecological applications.

Goals and Ecological Development

The ultimate goal of Bitlayer is to unleash the potential of Bitcoin, allowing BTC to no longer be just a means of value storage, but to efficiently participate in decentralized finance (DeFi) — such as lending, trading, liquidity provision, etc. — becoming an active asset that generates yield.

The project is developing rapidly and has received support from several well-known investment institutions (such as Framework Ventures, ABCDE Capital, Franklin Templeton, etc.). Its ecosystem is already taking shape, attracting a large number of project collaboration intentions, and the total locked value (TVL) once surpassed $850 million.#Bitlayer