Amid the winter of the Bitcoin ecosystem, one project is quietly building the future 🧵
1️⃣ BitLayer's technological innovation and Finality Bridge
While everyone is pessimistic about the Bitcoin ecosystem, BitLayer is doing something that could change the entire industry—they have just launched the Finality Bridge based on BitVM technology, which is the first truly 'minimal trust' Bitcoin bridge.
🔍 What makes BitLayer stand out?
Most Bitcoin L2s face a dilemma: either be secure like the Lightning Network but functionally limited, or be feature-rich like some sidechains but questionable in security. BitLayer has cracked this problem with BitVM technology.
Their core innovation lies in combining the advantages of Optimistic Rollup and ZK Rollup to achieve state validation on the Bitcoin main chain. This means maintaining Bitcoin-level security while achieving full programmability.
💡 Breakthrough innovation of Finality Bridge
Traditional Bitcoin bridges require a 'majority honesty' to ensure security, but Finality Bridge implements a '1-of-N' trust model— as long as one multi-signature participant remains honest, the entire system can function properly.
This architecture includes three key roles:
• Alliance multi-signature: Lock user assets and ensure funds can only flow to specified addresses through pre-signing operations
• Operators: Handle users' deposit and withdrawal requests, initially advancing funds and then reimbursing
• Validators: Open decentralized roles that supervise the system and initiate challenges upon discovering violations
2️⃣ YBTC assets and ecosystem expansion
🚀 YBTC: A new generation of BTC assets
The Yield BTC launched by BitLayer integrates three core attributes: security, programmability, and yield attributes. Unlike traditional WBTC and tBTC, YBTC can participate in liquidity mining, staking, lending, and other complex scenarios while maintaining the security of Bitcoin.
More importantly, YBTC has already begun cross-chain expansion. Recently, they established partnerships with Kamino Finance and Orca from the Solana ecosystem, bringing YBTC to high-performance blockchains and providing more earning opportunities for Bitcoin holders.
3️⃣ Development roadmap and business model
📈 Clear technical roadmap
The development of BitLayer is divided into three phases:
• V1: Bitcoin-based sidechain, successfully running and accumulating considerable TVL
• V2: The true Bitcoin L2, with the testnet expected to launch in Q1 and the mainnet migration plan to be completed in Q2
• V3: Focus on performance improvement, reducing costs, and increasing speed
🎯 Pragmatic thinking on business models
In an interview, BitLayer co-founder Kevin He mentioned a key point: 'The current industry is no longer purely a 'technology is king' era.' Their ultimate goal is to build a business closed loop of value creation and value release, becoming a truly profitable business.
The main source of income is transaction fees, and the team pays great attention to daily operations and revenue situation. This pragmatic attitude is particularly precious in the current restless market.
4️⃣ BitLayer's value and future outlook
🔮 Why is BitLayer worth paying attention to?
1. Deep technical moat: The architecture based on BitVM truly addresses the balance between security and programmability
2. Complete ecological layout: From cross-chain bridges to asset management, from DeFi protocols to multi-chain compatibility, a complete infrastructure has been built
3. Timely market opportunity: Bitcoin prices are hitting new highs, institutional holdings are increasing, and the demand for on-chain BTC asset management is exploding
4. Strong team execution: Persisting in technological research and development during industry downturns, products are progressing as planned
The spring of the Bitcoin ecosystem may not have arrived yet, but BitLayer is preparing for this spring. When the market refocuses on the Bitcoin ecosystem, those projects that persisted in building during the winter will often become the biggest beneficiaries 🌱
