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Bitcoin, as a digital asset, has long been primarily viewed as a store of value. However, with the continuous development of Blockchain technology, a project named Bitlayer is attempting to fundamentally change this situation. The project aims to push Bitcoin into a true financialization phase, creating profits for holders while ensuring security.
The core technology of Bitlayer, BitVM Bridge, has been launched on the mainnet. It is a new type of Bitcoin cross-chain solution with minimized trust characteristics. It has achieved industry-leading levels of security and transparency. Meanwhile, Bitlayer Network, as a high-performance Bitcoin Rollup network, supports the Ethereum Virtual Machine (EVM) and has lower execution latency, allowing the Bitcoin network to support various decentralized finance (DeFi) protocols just like Ethereum.
In seeking partners, Bitlayer has achieved significant results. They have established partnerships with several top public chain projects such as Sui, Base, Arbitrum, and Cardano. Additionally, they have collaborated with large mining pools like Antpool, F2Pool, and SpiderPool, bringing substantial liquidity and computing power support to the Bitlayer ecosystem. This comprehensive ecological layout paves the way for future financial applications based on Bitcoin.
The capital market has similarly given high recognition to the prospects of Bitlayer. In a recent financing round led by well-known institutions such as Polychain Capital, Bitlayer successfully raised 25 million dollars, which undoubtedly serves as a strong endorsement of its development potential.
Currently, Bitlayer is collaborating with Binance Wallet on an event called "Booster," which has entered its second phase. Participants not only have the chance to experience the Bitlayer ecosystem in advance but may also receive BTR token rewards.
With the continuous development of Bitlayer, we have reason to believe that the application scenarios of Bitcoin will be greatly expanded, transforming from a mere value storage tool into a vibrant financial ecosystem. This shift will not only bring new profit opportunities for Bitcoin holders but is also expected to drive the entire cryptocurrency industry towards a more mature and diversified direction.