Bitlayer#is the first Bitcoin Layer 2 solution that leverages **Bitcoin’s security through BitVM** (a Bitcoin-based virtual machine) while maintaining **EVM (Ethereum Virtual Machine) compatibility**. This allows developers to deploy Ethereum-style smart contracts on Bitcoin, enhancing its functionality beyond just being a store of value.
### **Key Features of Bitlayer:**
1. **BitVM-Based Security**
- Uses Bitcoin’s native security model for trustless verification.
- Enables fraud proofs and optimistic rollups (similar to Ethereum’s Optimism/Arbitrum).
2. **EVM Compatibility**
- Supports Ethereum smart contracts, making it easy for developers to migrate DApps (DeFi, NFTs, etc.) to Bitcoin.
3. **Scalability**
- Processes transactions off-chain and settles on Bitcoin, reducing congestion and fees.
4. **Decentralized & Trustless**
- Unlike some Bitcoin sidechains (e.g., Liquid Network), Bitlayer aims for full decentralization by leveraging BitVM’s cryptographic proofs.