#Bitlayer
🔹 Core Identity
• First Bitcoin‑security‑equivalent Layer‑2 built on the BitVM paradigm.
• Merges BitVM with zero‑knowledge proofs to unlock Turing‑complete smart contracts on Bitcoin.
• Designed for high‑throughput, low‑cost transactions without compromising Bitcoin’s security.
🔹 Fresh Developments (Mid‑2025)
• Bitlayer V2 live — optimized for parallel EVM execution with near real‑time performance.
• Mainnet launch staged for May 2025, with multi‑chain support planned for H2 2025.
• Bitlayer DApp Center + Racer Center launched — gamified tasks, mini‑games, and airdrops to drive adoption.
• Peg‑BTC (YBTC) introduced — a fully programmable Bitcoin‑pegged asset for DeFi integration.
🔹 Why It Matters
• Scalability leap: Off‑chain execution + ZK proofs slash congestion and fees.
• Smart contract expansion: EVM compatibility lets devs port Ethereum‑style dApps to Bitcoin.
• Trust‑minimized bridge: 1‑of‑N security assumption via “existential honesty” — reduces reliance on centralized validators.
• Interoperability: Built to connect Bitcoin with other chains for asset transfers and cross‑chain DeFi.
