According to market information, the coins that had strong trends prior to today have all dropped significantly, including: ZORA down 19.3% today, currently trading at 0.08834 USD; SKALE down 11% today, currently trading at 0.03063 USD; XNY down 26.9% today, currently trading at 0.01078 USD; MYX down 24.9% today, currently trading at 1.08 USD.
Bitlayer is a Layer 2 solution for Bitcoin, based on BitVM technology, aimed at enhancing scalability and programmability for Bitcoin while maintaining security and decentralization. The project supports Turing-complete smart contracts, compatible with EVM, allowing developers to easily port applications from Ethereum. Bitlayer offers fast transactions, low costs, and a trustless bridge to transfer assets between Bitcoin and other blockchains, promoting DeFi and decentralized applications on Bitcoin. It features several standout technologies such as: #BitVM Paradigm and other superior technologies; you can find out more about the project on the homepage @BitlayerLabs ***
### Conclusion Bitlayer stands out among Bitcoin's Layer 2 solutions thanks to its use of BitVM, providing security equivalent to Bitcoin, EVM compatibility, and a trustless bridge. Compared to the Lightning Network, Bitlayer excels in programmability and DeFi applications. Compared to Stacks, Bitlayer is more flexible due to EVM and BitVM. Compared to Merlin Chain, Bitlayer leads in ecosystem and bridge security. However, BitVM technology is still young, and Bitlayer needs to continue proving its effectiveness in a highly competitive environment. If successful, Bitlayer has the potential to shape the future of Bitcoin in DeFi and decentralized applications.@BitlayerLabs #bitlayer
After a week of holding the position! Finally, I slept well last night! In misfortune, there is fortune! Luckily I cut early and still kept 9k! 9k of hope! Let's start over, my friend!
Bitlayer is a Layer 2 solution for Bitcoin, based on BitVM technology, aimed at enhancing scalability and programmability for Bitcoin while maintaining security and decentralization. The project supports Turing-complete smart contracts, compatible with EVM, allowing developers to easily migrate applications from Ethereum. Bitlayer provides fast transactions, low costs, and a trustless bridge for transferring assets between Bitcoin and other blockchains, promoting DeFi and decentralized applications on Bitcoin @BitlayerLabs #bitlayer
Bitlayer is a Layer 2 solution for Bitcoin, based on BitVM technology, aimed at enhancing scalability and programmability for Bitcoin while maintaining security and decentralization. The project supports Turing-complete smart contracts, compatible with EVM, allowing developers to easily migrate applications from Ethereum. Bitlayer offers fast transactions, low costs, and a trustless bridge to transfer assets between Bitcoin and other blockchains, promoting DeFi and decentralized applications on Bitcoin. @BitlayerLabs #bitlayer
Bitlayer Labs là dự án phát triển **Bitlayer**, một giải pháp **Bitcoin Layer 2** dựa trên mô hình **BitVM**. Đây là nền tảng đầu tiên cung cấp tính bảo mật tương đương Bitcoin và khả năng **Turing-complete**, giúp mở rộng quy mô giao dịch Bitcoin mà không làm mất đi tính bảo mật của lớp cơ sở (Layer 1). Bitlayer hỗ trợ các giao dịch nhanh, chi phí thấp, tích hợp cầu nối **Bitlayer Bridge** để chuyển tài sản giữa Bitcoin và các mạng EVM, đồng thời thúc đẩy hệ sinh thái **DeFi** trên Bitcoin với hơn 300 dự án và tổng giá trị khóa (TVL) vượt 500 triệu USD @BitlayerLabs #bitlayer
**Bitlayer Labs** is a **Layer 2 project on Bitcoin**, using **BitVM** to enhance scalability, reduce transaction fees, and support smart contracts, DeFi, NFTs, GameFi. Mainnet V1 launched (4/2024), raising ~30 million USD from Franklin Templeton, Polychain Capital, etc., with a TVL exceeding 550 million USD. Token **BTR** is about to be released, supporting staking and governance. Mainnet V2 (expected Q4/2024) will use **OpVM** to enhance security. @BitlayerLabs #bitlayer
**Bitlayer Labs** là một dự án **Layer 2 trên Bitcoin**, sử dụng **BitVM** để tăng khả năng mở rộng, giảm phí giao dịch và hỗ trợ smart contract, DeFi, NFT, GameFi. Ra mắt mainnet V1 (4/2024), huy động ~30 triệu USD từ Franklin Templeton, Polychain Capital, v.v., với TVL vượt 550 triệu USD. Token **BTR** sắp phát hành, hỗ trợ staking và quản trị. Mainnet V2 (dự kiến Q4/2024) sử dụng **OpVM** để nâng cao bảo mật. @BitlayerLabs #bitlayer