Bitlayer is a Layer 2 solution built on Bitcoin, designed to enhance its functionality and scalability using BitVM technology. It aims to provide a secure and Turing-complete environment for smart contracts and decentralized applications, effectively acting as the computation layer for Bitcoin.

As a Layer 2 solution, Bitlayer operates on top of the Bitcoin blockchain, enabling faster and more efficient transactions while reducing congestion on the main chain.

Bitlayer utilizes optimistic rollups, which involve processing transactions off-chain and only submitting the final state to the Bitcoin blockchain. @BitlayerLabs #Bitlayer #Bitlayetlabs