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 technical core includes:
1. Security Equivalent Architecture: Combining zero-knowledge proofs and optimistic verification mechanisms to inherit the security of the Bitcoin mainnet;
2. Dual-Channel Cross-Chain Bridge: Utilizing the BitVM bridge and OP-DLC channel to achieve trustless asset transfer;
3. Ecological Incentives: Launching the $50 million 'Ready Player One' program to attract over 300 projects for deployment, with a TVL reaching $370 million;
4. Capital Support: Secured $11 million in Series A financing led by Franklin Templeton to promote global expansion.
Bitlayer is becoming a key infrastructure for Bitcoin's transition from 'value storage' to 'programmable financial network'.