๐ Bitlayer has just secured $9.00M in its latest funding round! ๐
๐นAbout: BitLayer is a pioneering Layer 2 solution for Bitcoin, designed to enhance the Bitcoin ecosystem by providing secure scalability and promoting innovation. It leverages the BitVM paradigm, ensuring security equivalent to Bitcoinโs own while supporting Turing completeness, which allows for executing complex computations and smart contracts. BitLayer is fully compatible with Ethereumโs toolchain, enabling developers to migrate smart contracts written in Solidity, Vyper, or other EVM-compatible languages directly to BitLayer. This integration offers users a faster, safer, and more flexible experience with low gas fees and quick block confirmation times. BitLayerโs mainnet has already launched, and it continues to focus on decentralizing its components to ensure a robust and resilient network. By addressing Bitcoinโs scalability challenges and reducing transaction costs, BitLayer aims to foster a diverse and innovative asset ecosystem. Users can interact with BitLayer using popular Ethereum-compatible wallets like Metamask and imToken. The project is committed to ongoing development and community engagement, with active channels on Twitter, Discord, and Telegram. BitLayer represents a significant step forward in integrating Bitcoin with advanced cryptographic protocols and virtual machine technology. ๐๐
๐น Lead Investors: Polychain Capital, Framework Ventures, OKX Ventures, Kenetic Capital, ABCDE and many more.
๐น Total Raised: $25.00M.
๐น Project Category: Bitcoin Layer-2.
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