Bitlayer: The 'Function Upgrader' of the Bitcoin Ecosystem

The security and decentralization advantages of Bitcoin are irreplaceable, but its single functionality and insufficient efficiency make it difficult to adapt to diverse application scenarios. Bitlayer acts like a 'function upgrader' for Bitcoin, endowing it with powerful programmability and efficiency without changing the main chain.

Technically, it builds a Layer 2 architecture centered around BitVM: by using Rollup technology to compress transactions on-chain, throughput is increased to 5000 TPS, and costs are reduced to 1/20 of the main chain; at the same time, all operations are anchored to the Bitcoin main chain, ensuring security and consistency with the native chain. Its EVM compatibility allows Ethereum developers to seamlessly migrate applications and develop smart contracts using Solidity.

On the ecological level, over 280 DApps have landed here, covering areas such as DeFi and NFT. Financial applications based on its platform allow Bitcoin to directly participate in lending, cross-chain transactions, and other scenarios, significantly improving capital efficiency. Future versions will further optimize performance and security, pushing Bitcoin to transform from a value storage into a multifunctional programmable platform. #Bitlayer @BitlayerLabs