Bitlayer: A Pioneer in the New Era of Bitcoin Layer 2 and DeFi

Bitlayer's core technology is based on BitVM (Bitcoin Virtual Machine), a groundbreaking paradigm proposed by Robin Linus that allows Turing-complete computation on the Bitcoin network without modifying the consensus rules of Bitcoin. BitVM supports complex smart contract functionalities through zero-knowledge proofs (ZKP) and fraud proof mechanisms, combined with optimistic execution technology, while ensuring that computation results are verifiable on Bitcoin Layer 1.

Bitlayer's contributions to the BitVM ecosystem are particularly significant. Its research team has optimized several key components of BitVM, such as compressing the size of the Groth16 verifier from 7GB to 1GB, and developing the Chunker module to split the verifier into 975 smaller pieces, ensuring compliance with Bitcoin's consensus rules. These technological breakthroughs lay the foundation for BitVM to transition from theory to practice.