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#Bitlayer @BitlayerLabs Bitlayer is a Bitcoin Layer 2 (L2) network designed to bring smart contract functionality and decentralized finance (DeFi) capabilities to the Bitcoin ecosystem without requiring changes to Bitcoin's core protocol.

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🔧 What Is Bitlayer?

Bitlayer operates as a Layer 2 solution for Bitcoin, utilizing the BitVM framework to enable Turing-complete smart contracts on the Bitcoin network. This allows developers to build decentralized applications (dApps) and DeFi protocols that leverage Bitcoin's security while offering enhanced programmability.

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🔑 Key Features

- *BitVM Bridge*: A trust-minimized bridge that facilitates the transfer of Bitcoin into the Bitlayer ecosystem, allowing it to be used in various DeFi applications. This bridge maintains a 1:1 peg with Bitcoin through the YBTC token, ensuring security and transparency. [1]

- *EVM Compatibility*: Bitlayer supports the Ethereum Virtual Machine (EVM), enabling developers to port existing Ethereum-based applications to the Bitlayer network with minimal modifications. [2]

- *High Throughput and Low Fees*: By processing transactions off-chain and settling them on the Bitcoin mainnet, Bitlayer achieves faster transaction times and reduced fees compared to Bitcoin's base layer. [3]

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