#Bitlayer @BitlayerLabs

Bitcoin was originally designed for use in electronic payment systems. Therefore, for security and stability, the design of non-Turing-complete scripting languages limits Bitcoin's ability to perform complex calculations. Bitcoin exists as a digital gold store of value. With the explosion of public chains like Ethereum and Solana, developers have also been exploring scaling solutions for the Bitcoin ecosystem to revitalize the trillion-dollar assets dormant in the Bitcoin ecosystem. However, the technical limitations of solutions like sidechains and lightning networks remain, and they have been tepid.

The Inscription wave launched by Ordinals in 2023 created a new asset form for the Bitcoin ecosystem and sparked further thought and exploration of Bitcoin's scalability and programmability in the market. A series of new Layer 2 solutions, such as Merlin and B² Network, have also emerged, using software to create a series of DeFi applications like swaps, lending, and liquidity mining to expand new application scenarios within the Bitcoin ecosystem.

Most Layer-2s currently in the market participate in on-chain scenarios such as DeFi by bridging liquidity to the Ethereum ecosystem and pairing with the Ethereum ecosystem. However, many Layer-2 withdrawal bridges are essentially multi-signature bridges. Bridge schemes often involve managing public assets.