UNDERSTAND BITLAYER in 2 MINUTES!
Bitlayer is the layer 2 blockchain protocol for Bitcoin that combines immutability and security for Bitcoin with programmability.
Bitlayer uses BitVM, a virtual machine that enables turning complete smart contracts on Bitcoin with full EVM compatibility. It uses zero knowledge proof Zk-proofs and optimistic mechanisms in bundling transactions while defending them. Additionally, it has Asset bridge feature to laverage BitVM and Optimistic for security during asset transfers.
Bitlayer by @BitlayerLabs is very essential as it fasten transactions with low fees, brings smart contracts on Bitcoin with full EVM features and allows cross chain interoperability.
Bitlayer is an ambitious project to expand Bitcoin ecosystem by merging Bitcoin's security with Ethereum flexibility and modern layer 2 scalability.
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