#Bitlayer is a Layer 2 blockchain solution designed to enhance the Bitcoin ecosystem with advanced DeFi applications. It utilizes the BitVM paradigm to emulate smart contracts, leveraging Bitcoin's security while increasing throughput and flexibility. Key features include ¹ ²:

- *BitVM Bridge*: A trust-minimized mechanism for secure cross-chain transfers of Bitcoin (BTC).

- *Peg-BTC*: A programmable Bitcoin asset facilitating seamless transactions across multiple blockchain environments.

- *BitRC-20 Asset Framework*: Designed to enrich the ecosystem with diverse asset classes.

Bitlayer has raised $25 million in funding from notable investors like Polychain Capital and Franklin Templeton. Its ICO price and current market performance are crucial for investors to track.

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