#Bitlayer #Bitlayer Bitlayer: Giving Bitcoin Wings to DeFi
Bitlayer is an outstanding Layer 2 network in the Bitcoin ecosystem. In simple terms, it aims to solve the longstanding issues of Bitcoin's mainnet being slow and expensive, allowing Bitcoin to also engage in new trends like DeFi (Decentralized Finance) and NFTs.
Its biggest highlight is its true compatibility with EVM, meaning the mature development tools and ecosystem applications from Ethereum can almost be seamlessly utilized here. This is extremely friendly for both developers and users. In terms of security, it is also quite robust, utilizing advanced zero-knowledge proof technology, and crucial data must return to the Bitcoin mainnet for verification, providing a solid foundation.
Currently, various projects (DEX, lending, cross-chain bridges, etc.) are being launched one after another, gaining significant momentum. If you are optimistic about the future development of the Bitcoin ecosystem, Bitlayer is definitely a strong contender worth keeping an eye on. #bitlayerslab #Bitlayer @BitlayerLabs