Bitlayer a new way to invest in bitcoin solution
Optimism returned to the cryptocurrency market and the pressure on Bitcoin (BTC) dissipated at the close of the week after what was the intervention of the president of the Federal Reserve (Fed), Jerome Powell, in the inaugural speech at Jackson Hole, where he suggested a rate cut in September. Meanwhile, alternatives gained more than 10% for the week.
Bitlayer serves to scale Bitcoin, making the use of smart contracts and decentralized applications (DApps) on the Bitcoin network possible, similar to how Ethereum works, but leveraging the security and decentralization of Bitcoin through its innovative BitVM engine. Its goal is to offer a DeFi (decentralized finance) infrastructure for Bitcoin, known as BTCFi, allowing for greater speed, efficiency, and a vibrant ecosystem around Bitcoin.
Main features and benefits:
Scalability for Bitcoin:
Bitlayer is a Layer 2 solution that helps Bitcoin handle more transactions and complex operations without compromising its fundamental security.
