Gridloock
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Bullish
Bitlayer is a Layer 2 solution for scaling Bitcoin that uses Bitcoin (BTC) as its own gas token. Bitlayer aims to create infrastructure for Bitcoin DeFi, combining the security of Bitcoin with the high speed of smart contract execution. Currently, it uses a sidechain based on Proof of Stake but plans to transition to BitVM for enhanced security. The native token of Bitlayer is BTC.
More details:
Purpose:
Bitlayer is designed to scale the Bitcoin network and create infrastructure for decentralized finance applications (DeFi) based on Bitcoin.
Technology:
Bitlayer uses a sidechain with Proof of Stake, which is an intermediate solution, and plans to transition to BitVM for enhanced security. Bitlayer is also compatible with EVM (Ethereum Virtual Machine), allowing the execution of smart contracts developed for Ethereum.
Token:
The native token of Bitlayer is Bitcoin (BTC).
Development:
Bitlayer is actively developing, offering solutions for bridges (BitVM), Rollups, and high-performance engines.
#Bitlayer @BitlayerLabs
More details:
Purpose:
Bitlayer is designed to scale the Bitcoin network and create infrastructure for decentralized finance applications (DeFi) based on Bitcoin.
Technology:
Bitlayer uses a sidechain with Proof of Stake, which is an intermediate solution, and plans to transition to BitVM for enhanced security. Bitlayer is also compatible with EVM (Ethereum Virtual Machine), allowing the execution of smart contracts developed for Ethereum.
Token:
The native token of Bitlayer is Bitcoin (BTC).
Development:
Bitlayer is actively developing, offering solutions for bridges (BitVM), Rollups, and high-performance engines.
#Bitlayer @BitlayerLabs
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