#Bitlayer Project Prospects and Challenges
Advantages:
Technical Architecture: Based on BitVM and pursuing Bitcoin consensus security equivalence, this is its core differentiation and potential advantage.
EVM Compatibility: Significantly lowers the migration threshold for Ethereum ecosystem developers, facilitating rapid ecosystem launch.
Strong Endorsements: Supported by well-known investment institutions such as Framework Ventures and ABCDE Capital, the team also has experience from projects like Huobi, Polygon, and Polkadot.
Challenges:
Technical Complexity: BitVM itself is still in the early stages of development, and its implementation is very complex, requiring practical validation.
Intense Competition: The Bitcoin Layer 2 space is highly competitive, with numerous other solutions such as Lightning Network and Stacks, and Bitlayer needs to highlight its unique value.
Consensus and Decentralization: Currently, some mechanisms (such as bridges and sequencers) may still rely on consortium or semi-decentralized setups; complete decentralization and trustlessness are its roadmap goals but require time to achieve.
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