洋子519

$GTC 啥

$LTC Bull Market, is this it?

$WIF is dropping fast!

$BNB has not increased anymore

$SOL Bull Market Continues

$XNY 10 times, strong.

@BitlayerLabs
Bitlayer is a Bitcoin Layer 2 project based on BitVM technology, aimed at addressing scalability bottlenecks in the Bitcoin ecosystem, the lack of smart contract functionality, and cross-chain asset isolation issues. Below is an assessment of the project:

Advantages

- Technological Innovation: Inherits the zero-knowledge proof and challenge protocol framework of BitVM, adopts an optimistic execution mechanism, with TPS surpassing 5000+, and on-chain storage costs reduced by 90%. At the same time, its unique dual-channel cross-chain bridge design meets institutional-level security requirements while ensuring liquidity for retail users.

- Strong Compatibility: Supports EVM, allowing developers to seamlessly port Ethereum Solidity contracts, reducing development costs and migration difficulties, which is beneficial for attracting developers from the Ethereum ecosystem.

- Rapid Development: After launching the mainnet in April 2023, the TVL quickly surpassed $500 million, demonstrating market recognition.

- Financial and Ecological Support: Led by well-known institutions such as Polychain, with investments from OKX, the valuation reached $300 million. At the same time, the "Bitlayer Builders Program" was launched to reward early DApp teams and contributors to ecological tools, fostering ecosystem construction and development.

Risks

- Complex Technical Integration: The integration of BitVM and Rollup is complex, requiring multiple rounds of third-party audits to prevent contract and bridging vulnerabilities, with high difficulty and risk in technical implementation.

- Community Acceptance Issues: The Bitcoin community has relatively low acceptance of smart contracts, requiring continuous education and incentive measures to promote the use of native assets, which may affect the project's development speed and scale.

- Intense Competition: The Bitcoin Layer 2 space is highly competitive, with projects like Stacks and RSK also laying out smart contract scenarios. Bitlayer needs to maintain advantages in performance and ecosystem to stand out in the competition.

- Token Release Pressure: Ecological incentives and strategic investors account for a total of 60%, and the unlocking pace needs to be strictly controlled; otherwise, it may lead to selling pressure in the secondary market, affecting token prices.

- Regulatory Uncertainty: As an emerging Bitcoin Layer 2 project, its token model may face scrutiny from global regulatory agencies regarding its securities attributes, posing certain regulatory risks.
#BitlayerL
#BTC

$BNB Keep flying

$BNB continues to charge

$UNI continues to rush, Ethereum has taken off

Bitlayer has been working continuously, operations, community, etc. are still okay, is there anyone charging? @Bitlayer
#Bitlayer،

$ETH continues to break through

$WIF sell pressure is too high

$SUI What to look at next?

Takeoff before $BNB

$IN is falling fast

Does $XRP break a new high?

$IN drop it

Flight $ETH has taken off

Flight $PROVE