Bitlayer is finally about to launch, are you all ready to receive money?
When I first encountered Bitcoin in 2015, I was still using cumbersome multi-signature wallets to manage assets. Every transfer had to wait for several block confirmations, and the fees were shockingly high. It wasn't until last year when I used @BitlayerLabs that I realized Bitcoin could be this fast—3 seconds for soft confirmation and 7 days for hard finality, with fees costing less than 1/10 of the original.
What is @BitlayerLabs ? In simple terms, it is Bitcoin's "computational accelerator." As the first Layer2 solution based on BitVM, it retains Bitcoin's security while implementing EVM-compatible smart contract functionality. Currently, there are more than 100 dApps in the ecosystem, with a TVL exceeding $430 million, ranking second among Bitcoin Layer2.
The technical highlights are very hardcore:
1) The BitVM bridge enables BTC cross-chain transfers, which are safer than traditional multi-signature solutions;
2) A dual-layer architecture where PoS is responsible for fast block production while the Bitcoin network handles final settlement;
3) TPS can reach tens of thousands, supporting BTC for direct gas fee payments.
The team is also very reliable, with co-founder Kevin being a former technical head at Huobi, and Charlie focusing on Bitcoin infrastructure for many years.
Recently, they are running a Booster event for Binance Wallet, airdropping 5.15 million BTR tokens. The total supply of BTR is 100 million, used for governance and staking, currently with an FDV of only 23.5%, looking bullish in the medium to long term. It is recommended to pay attention to their super Rollup upgrade in Q4, which is said to push TPS to 20,000.
Here's an interesting detail: Bitlayer's anti-fraud mechanism only requires one honest node in the network to ensure safety, which is a more elegant design than many solutions that require 2/3 of nodes to be honest.
Now their testnet has opened up the BitVM bridging, and mainnet V2 is on the way.
Do you think the initial circulation of #Bitlayer can exceed 10 million dollars?