#Bitlayer Bitlayer is a Layer 2 network designed to support smart contracts and decentralized applications (dApps) on the Bitcoin network.

In short, the key points about it can be summarized as follows:

* Goal: To bring the capabilities of smart contracts and complex decentralized applications to the Bitcoin network, which has fundamentally lacked these functionalities.

* Core Technology: It relies on the BitVM computing engine, a software engine capable of supporting complex computations.

* Compatibility: It is characterized by its compatibility with many virtual machines, such as EVM (Ethereum Virtual Machine), making it easier for developers to port applications from other networks.

* Advantages: It offers low transaction fees and fast block confirmation times (around 3 seconds), making it an efficient solution.

Overall, Bitlayer is one of the leading projects aiming to expand the functionality of the Bitcoin network and transform it into a powerful platform for decentralized applications.