đ What Is Bitlayer ($BTR) and How It Works
Bitlayer is a Layer-2 network built on Bitcoin. It uses a system called BitVM to run smart contracts and apps, while keeping Bitcoinâs security.
đ§ Smart Contracts on Bitcoin
Bitlayer works like an âoptimistic rollup.â It handles transactions off-chain, then checks and settles them on Bitcoin using fraud-proof methods. No need for centralized bridges or multisigs.
đĄď¸ Staking and Governance
People who help run the network (validators) lock up BTR tokens to earn rewards and keep things secure. BTR holders can also vote on upgrades and how funds are used.
đ Cross-Chain Transfers
Bitlayerâs bridge lets users move BTC and other assets between Bitcoin and chains like Base or Arbitrum. It uses fraud checks and special oracles to keep things safe. Soon, itâll support atomic swapsâfast, trustless trades across chains.