The tasks for Wallet XNY in the fourth week are not much different from before. There are still many spots available, and the current price of the coin is around 0.02
4 points for new shares score 222 points ⚠️ Note the time, this project has been PUA for a long time and is only officially launched now 😂 I don't know if it's a big deal
Bitlayer is a Bitcoin-based Layer 2 (L2) scaling solution designed to enhance Bitcoin's scalability, smart contract functionality, and transaction efficiency. Here are the key elements of the project: 1. Core Objectives ✅ Address Bitcoin's scalability issues (low TPS, high Gas fees) ✅ Introduce smart contracts to Bitcoin (similar to Ethereum's DeFi, NFT, DApps) ✅ Maintain Bitcoin's security and decentralization (relying on Bitcoin's PoW consensus) 2. Technical Architecture #Bitlayer @BitlayerLabs Bitlayer adopts a Bitcoin-Native design, and the main technologies may include:
- Rollup Solutions (Optimistic Rollup or ZK-Rollup) - Transactions are processed off-chain in batches, with the final state anchored to the Bitcoin mainnet - May utilize BitVM (Bitcoin's smart contract verification solution) for fraud proofs - EVM Compatibility - Supports Solidity smart contracts, attracting Ethereum developers to migrate - Decentralized Bridging - Allows BTC to securely enter and exit Bitlayer, avoiding centralized custody risks 3. Main Advantages
🚀 Higher TPS (compared to Bitcoin mainnet's 7 TPS, Bitlayer may reach 1000+ TPS)
💸 Lower transaction costs (Gas fees are significantly lower than the Bitcoin mainnet)
🔒 Bitcoin-level security (relies on Bitcoin's PoW consensus, rather than independent validators) 🛠️ Smart contract support (capable of building DeFi, NFT, GameFi applications, etc.) Advantages of Bitlayer: - More versatile than Lightning Network (supports smart contracts) - More decentralized than Stacks/RSK (relies on Bitcoin's PoW, rather than independent consensus) - More Bitcoin-native than Ethereum L2 (assets come directly from Bitcoin) 6. Potential Challenges ⚠️ Technical Complexity (implementation of Rollup on Bitcoin is quite challenging) ⚠️ Ecosystem Competition (needs to attract developers vs. Lightning, Stacks, RSK) ⚠️ Security Dependence (if Rollup designs have vulnerabilities, it may lead to financial risks) 7. Summary Bitlayer is a Bitcoin-native smart contract Layer 2 that: Enhances Bitcoin's scalability (high TPS, low Gas) - Introduces smart contracts - Maintains Bitcoin's security (relies on Bitcoin's PoW) If successful, Bitlayer may become the 'Ethereum L2' of the Bitcoin ecosystem, driving Bitcoin from 'digital gold' to 'programmable financial network.'
Bitlayer is a Bitcoin-based Layer 2 (L2) scaling solution designed to enhance Bitcoin's scalability, smart contract functionality, and transaction efficiency. Here are the key elements of the project: 1. Core Objectives ✅ Solve Bitcoin's scalability issues (low TPS, high Gas fees) ✅ Introduce smart contracts to Bitcoin (similar to Ethereum's DeFi, NFT, DApps) ✅ Maintain Bitcoin's security and decentralization (relies on Bitcoin's PoW consensus) 2. Technical Architecture #Bitlayer @BitlayerLabs Bitlayer adopts a Bitcoin-Native design. The main technologies might include:
- Rollup solutions (Optimistic Rollup or ZK-Rollup) - Transactions are processed in batches off-chain, and the final state is anchored to the Bitcoin mainnet - May use BitVM (Bitcoin's smart contract verification solution) for fraud proofs - EVM Compatibility - Supports Solidity smart contracts, attracting Ethereum developers to migrate - Decentralized Bridging - Allows BTC to safely enter and exit Bitlayer, avoiding centralized custody risks 3. Main Advantages
🚀 Higher TPS (Compared to Bitcoin mainnet's 7 TPS, Bitlayer may reach 1000+ TPS)
💸 Lower transaction costs (Gas fees are much lower than Bitcoin mainnet)
🔒 Bitcoin-level security (Relies on Bitcoin's PoW consensus, rather than independent validators) 🛠️ Smart contract support (Can build DeFi, NFT, GameFi, and other applications) Bitlayer's advantages: - More versatile than Lightning Network (supports smart contracts) - More decentralized than Stacks/RSK (relies on Bitcoin PoW, rather than independent consensus) - More Bitcoin-native than Ethereum L2 (assets come directly from Bitcoin) 6. Potential Challenges ⚠️ Technical complexity (Rollup implementation on Bitcoin is highly difficult) ⚠️ Ecosystem competition (Needs to attract developers vs. Lightning, Stacks, RSK) ⚠️ Security dependence (If the Rollup design has vulnerabilities, it could lead to financial risks)7. Summary Bitlayer is a Bitcoin-native smart contract Layer 2 that: - Improves Bitcoin's scalability (High TPS, Low Gas) - Introduces smart contracts - Maintains Bitcoin's security (Relies on Bitcoin PoW) If successful, Bitlayer could become the "Ethereum L2" of the Bitcoin ecosystem, driving Bitcoin from "Digital Gold" to a "Programmable Financial Network"