It is a Bitcoin Layer 2 protocol that allows running smart contracts compatible with the Ethereum Virtual Machine (EVM) on the core Bitcoin infrastructure, using BTC as gas fees. Bitlayer is an innovative platform that enables developers to build their applications on Bitcoin using programming languages like Solidity and Vyper.
*Key Features*
- *EVM Compatibility*: Bitlayer has an EVM compatibility layer, meaning that smart contracts written in Solidity will work in the same way as they would on Ethereum.
- *Gas Fees in BTC*: Gas fees are paid using BTC, but balances are tracked internally for each EVM account.
- *Compatibility with Bitcoin*: Bitlayer uses Bitcoin as a base layer, allowing users to benefit from the security and liquidity of Bitcoin.
*Applications and Use Cases*
- *Decentralized Applications*: Developers can build decentralized applications on Bitlayer using smart contracts.
- *Bridges*: Bitlayer enables bridges between Bitcoin and Ethereum, allowing users to transfer assets between the two networks.
- *Integration with MetaMask*: Users can use Ethereum wallets like MetaMask to interact with Bitlayer applications.
*Team and Investors*
- *Investors*: Bitlayer has received investments from companies like Framework Ventures, Polychain Capital, and Franklin Templeton.
- *Development*: The Bitlayer team is working on developing and improving the protocol, including support for BitVM and Bitlayer V2 ¹.
bitlayer [email protected]