Bitlayer Core Introduction:
Bitlayer is the first Bitcoin Layer 2 based on the BitVM paradigm, supporting smart contracts through compatibility with the Ethereum Virtual Machine (EVM), addressing the scalability and functional limitations of Bitcoin. Its technological core includes:
1. Security Equivalent Architecture: Combines zero-knowledge proofs with optimistic validation mechanisms, inheriting the security of the Bitcoin mainnet;
2. Dual-Channel Cross-Chain Bridge: Utilizes the BitVM bridge and OP-DLC channels to facilitate trustless asset transfers;
3. Ecosystem Incentives: Launches a $50 million 'Ready Player One' program to attract over 300 project deployments, with a TVL of $370 million;
4. Capital Support: Secured $11 million in Series A funding led by Franklin Templeton to drive global expansion.
Bitlayer is becoming the key infrastructure for Bitcoin's transition from 'value storage' to a 'programmable financial network'.