Old Li has recently been troubled, wanting to do some short-term arbitrage with the Bitcoin in his hands, but he is always stuck in the trading process. A few days ago, he spotted a market opportunity and wanted to quickly transfer Bitcoin to a decentralized exchange, but the chain got congested. By the time the transaction was confirmed, the market had already passed, and he lost several tens just on transaction fees. 'The Bitcoin is safe, but the transaction speed and costs really don't suit us small retail investors,' he sighed to his friends in the circle.
It wasn't until he came across Bitlayer that Old Li felt things were 'flowing smoothly.' Last week, he tried arbitrage again, conducted the transfer on Bitlayer, and the progress bar on the screen moved just a couple of times before displaying 'Confirmed.' Timing it with a stopwatch, it took only about ten seconds, and the transaction fee was just over two bucks. 'Compared to before, it was like switching to another world,' he remarked. What surprised him even more was that those arbitrage strategies he had mastered on Ethereum, such as cross-pool hedging and flash loans, could now be smoothly run in the Bitcoin ecosystem through Bitlayer by porting over Ethereum's smart contracts, without needing to hassle with cross-chain transactions.
In fact, behind this is Bitlayer combining the Layer2 characteristics of Bitcoin with cross-chain capabilities into a single force. To put it simply, it's like building a 'high-speed transfer station' outside the Bitcoin mainnet, where transactions are quickly processed first, and then the results are synchronized back to the mainnet for verification, which preserves Bitcoin's security while enhancing speed. For ordinary investors like Old Li, there's no need to understand ZK proofs or Rollup mechanisms; they just need to know 'one click and it's in, costs less, and there are more ways to play.' #Bitlayer
Now many people in the circle are saying that Bitcoin used to be like a 'safe vault,' only to be stored and looked at, but Bitlayer has equipped it with a 'flexible key,' allowing it to securely guard the assets while also being able to make some 'flexible operations' at any time. For small retail investors, this experience of 'security without compromise and convenience doubled' may be the most practical value of the technology. @BitlayerLabs