After watching many KOLs and experts make Bitlayer seem very complicated, I will explain it in simple and easy-to-understand terms for my brothers: @BitlayerLabs :
1. Bitlayer is for "scaling" Bitcoin: Bitcoin itself has slow transactions and high costs. Bitlayer is like a "fast lane" built on top of it, allowing transactions to be faster and cheaper, and it can support more functionalities, such as smart contracts and lending applications like other blockchains.
2. Supported by technology and funding: It has its own innovative technology that can solve practical problems; moreover, it has received investments from several large institutions, indicating that there are people in the industry who are optimistic and it is not easy to "run away" in the short term.
3. The token has its uses: Its token BTR is not just for speculation; it can be used to participate in project decisions and earn money through staking. As more applications appear in the ecosystem, it may become more valuable.
In summary, it helps Bitcoin become more "capable" and practical, with resources behind it supporting it. For those who want to participate in the Bitcoin ecosystem, it is considered a direction with potential.
