Bitlayer, a Bitcoin layer-2 network, has raised $9 million in a funding round to prepare for the launch of the V2 of its Bitcoin scaling network. The round was led by Polychain Capital and Franklin Templeton, with participation from SCB Limited and Selini Capital. This follows Bitlayer's previous Series A round in July, where it raised $11 million. The funding will be used to accelerate the development and launch of Bitlayer's V2 network, which is expected to significantly improve the scalability, security, and privacy of Bitcoin transactions. Bitlayer's V2 network will use a combination of advanced cryptographic techniques and distributed ledger technology to provide a secure and scalable solution for Bitcoin users. With the increasing adoption of Bitcoin and the growing demand for faster and cheaper transactions, Bitlayer's V2 network is expected to play a crucial role in the future of Bitcoin. The funding will enable Bitlayer to continue its innovation and position itself as a leader in the Bitcoin scaling space.

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