What is Bitlayer?
Bitlayer is the Turing complete Layer 2 of Bitcoin, designed to help the Bitcoin network scale and its ecosystem with new use cases, while leveraging the security of the network.
With the launch of the first version of the mainnet, Bitlayer is utilizing the experimental BitVM solution invented by Bitcoin developer Robin Linus to achieve Bitcoin finality, a trustless bridge that supports multiple virtual machines.
This allows developers of smart contracts on other blockchains to move their projects to Bitlayer using familiar tools.
Meanwhile, if the project is successful, you will be able to access advanced dApps backed by Bitlayer, leveraging the security of Bitcoin. This can be achieved not only through Ethereum Virtual Machine (EVM) compatible wallets but also through other wallets like Xverse.
L2 also focuses on providing more competitive fees, paid in BTC as the native token of Bitlayer. You can now experience the features of Bitlayer in a test network environment.
@BitlayerLabs #bitlayer