Introduction to Bitlayer ($BTR)

Bitlayer is at the forefront of revolutionizing the DeFi landscape on Bitcoin. It integrates groundbreaking security measures with an ultra-responsive smart contract platform, aiming to harness the immense potential of Bitcoin for decentralized finance. By adhering to Bitcoin’s core security features, Bitlayer is developing a revolutionary BitVM Bridge, the yield-bearing asset YBTC, and a highly efficient Bitcoin Rollup, thereby enhancing utility, speed, and composability within the Bitcoin ecosystem.

Overview of Bitlayer Listing

Bitlayer (BTR) is an innovative project leveraging Bitcoin to enhance decentralized finance systems. It is designed to empower users to maximize their Bitcoin capabilities through a framework known as BitVM, which operates akin to a cognitive engine for Bitcoin. This enables the development of smart contracts that function as mini-programs on the Bitcoin network, ensuring both speed and security.

Additionally, Bitlayer features a BitVM Bridge, facilitating the seamless transfer of Bitcoin into DeFi platforms. There’s also a Bitlayer Network, functioning as a speedy conduit for Bitcoin transactions, comparable to Ethereum but optimized for Bitcoin.

Impact of “Bitlayer Listing” on the Crypto Ecosystem

• Enhances user experience by making Bitcoin transactions within DeFi safe and straightforward.

• Empowers developers to create decentralized applications (dApps) utilizing Bitcoin as a medium within various platforms, whether in gaming or service provisioning.

• Offers minimal transaction fees of around $0.10 per transaction, making it economically feasible for everyday users.

• Partnerships with major exchanges like CoinList and Binance will broaden accessibility to Bitcoin-enabled applications.

Key Features of Bitlayer

1. BitVM Bridge – Ensures secure transfer of Bitcoin into smart contract environments.

2. Bitcoin Rollup (Layer 2) – Increases transaction speed and security, allowing for higher transaction throughput.

3. Low Gas Fees – Transaction costs around $0.10, making it accessible for users.

4. Scalable Architecture – Designed to evolve and support up to 20,000 transactions per second as demand grows.

Future Roadmap of Bitlayer

• Phase One (April 2024) – Launch of Bitlayer utilizing PoS + multisig for enhanced security, connecting Bitcoin with other blockchain systems and adding EVM compatibility for broader developer access.

• Phase Two (Q1–Q2 2025) – Integration of the BitVM-based rollup and a trust-minimized Bitcoin bridge to augment security measures.

• Phase Three (Q4 2025) – Expansion plans aimed at achieving processing speeds of 20,000 TPS with nearly instantaneous confirmations in as little as 3 seconds.

Tokenomics of Bitlayer

• Total Supply: 1 billion BTR

• Initial Circulation: 261.6 million BTR (approximately 26.16%)

Token Distribution:

• 40% – Ecosystem incentives

• 20.25% – Investors & advisors

• 12% – Core team allocation

• 11% – Public sale to enhance liquidity

• 7.75% – Node incentives for network stability

• 6% – Treasury reserve

• 3% – For liquidity purposes

The BTR token serves multiple purposes, such as:

• Participation in governance and voting mechanisms

• Facilitating staking opportunities and rewards programs

• Covering transaction fees and sustaining network integrity

The Bitlayer Development Team