@BitlayerLabs has been关注ed for over a year, from the earliest NFT events to the current TGE preheating, having participated in almost all key milestones.
Today, I want to discuss from a technical architecture perspective why it can become an important infrastructure in the Bitcoin ecosystem.
The core innovation of #Bitlayer lies in the implementation of BitVM, which is a key breakthrough in the Bitcoin Layer2 domain.
By combining the security of Bitcoin with high-performance smart contracts, it addresses the long-standing programmability issue of the Bitcoin network.
Specifically, its technical architecture has three highlights:
1. Trust-minimized cross-chain bridge design
Unlike traditional bridging solutions, the BitVM Bridge utilizes zero-knowledge proof technology to achieve asset transfers between Bitcoin and Layer2, with security far exceeding similar solutions.
2. YBTC yield asset
This is the first native Bitcoin yield asset, allowing holders to earn yields without transferring BTC ownership, innovatively solving the liquidity issue of Bitcoin.
3. High-throughput Rollup
Employing an Optimistic Rollup solution, TPS reaches 2000+, while maintaining Bitcoin-level security.
From an investment perspective, the $25 million financing from top institutions like Polychain and Framework has already proven market recognition.
As we approach TGE, several key signals are worth noting:
- Official website points system offline
- Token economics published
- Exchange preheating activities launched
- Multi-platform IDO
For friends who want to participate, it is recommended to pay attention to the official updates of @BitlayerLabs . There should be good participation opportunities around the TGE.
