Exploring Bitlayer ($BTR)

BitLayer is an innovative Layer 2 protocol designed to enhance the Bitcoin ecosystem, providing both scalability and enhanced smart contract capabilities. By employing the revolutionary BitVM design, we’re able to introduce the “Recursive Settlement Protocol,” which allows for ongoing and transparent settlement of L2 transactions directly on Bitcoin’s main network. This goes beyond mere record-keeping, leveraging Bitcoin’s Proof of Work (PoW) for heightened security. Our ultimate aim is to lay the groundwork for decentralized finance (DeFi) and applications that thrive on Bitcoin.

Bitlayer Now Listed on Coinone

We are thrilled to share that Bitlayer is officially listed on the Coinone Exchange. This is a significant milestone for the cryptocurrency community. In this overview, we simplify Bitlayer’s functionalities, significance, unique features, roadmap, token specifics, team insights, funding details, membership information, and a reminder to conduct your own research.

Understanding Bitlayer

Bitlayer represents a transformative advancement on Bitcoin. While Bitcoin holds the title as the most prominent digital currency, its limitations in speed and utility are significant. Bitlayer addresses these issues, making Bitcoin more efficient and capable.

• Facilitates the use of decentralized applications and smart contracts on the Bitcoin network.

• Employs a BitVM Bridge for secure Bitcoin integration.

• Implements a Layer 2 rollup system, enabling rapid transactions and minimal costs.

Imagine enhancing Bitcoin’s capabilities with power-ups, enabling a broader range of applications.

Why Bitlayer Thrives in cryptocurrency

1. Robust Security: Taps into Bitcoin’s well-established security, ensuring protection for users’ funds in various applications.

2. Speed and Affordability: Capable of handling numerous transactions swiftly with low fees, courtesy of advanced technology like EVM and rollups.

3. Development Opportunities: Encourages developers to create innovative contracts and applications, enriching the ecosystem.

4. Efficient Asset Movement: Enables safe transfer of Bitcoin into applications using a token known as YBTC, which is backed 1:1 by Bitcoin.

Key Features of Bitlayer

• BitVM Bridge: A secure mechanism to integrate Bitcoin with DeFi applications seamlessly.

• Layer 2 Protocol: A layered blockchain solution ensuring data protection and rapid processing.

• High-performance EVM Engine: Supports Ethereum-style applications, optimizing transaction speeds.

• YBTC Token: Functions like Bitcoin (1:1), enabling use within Bitlayer’s DeFi offerings.

Bitlayer Development Roadmap

Phase 1 (Completed): Introduced an EVM-compatible Proof-of-Stake model (April 2024).

Phase 2 (Currently Active): Developing the BitVM Bridge and rollup infrastructure (Q1–Q2 2025).

Phase 3 (Upcoming): Targeting ultra-fast rollups of up to 20,000 transactions per second and 3-second confirmations (Q4 2025).

In the Summer 2025 Launch, Bitlayer is set to unveil the mainnet beta for the bridge and release a new V2 whitepaper, along with insights into future V3 enhancements.

Bitlayer Whitepaper Insights

The Bitlayer Network 2.0 whitepaper details the innovative solutions to Bitcoin’s limitations:

• Employs a novel proof system for securing Layer 2 transactions on Bitcoin.

• Features a modular engine capable of executing complex applications.

• Integrates bridge and rollup functionality into a cohesive framework.

Offering rapid processing, smart contracts, and top-tier Bitcoin security all in one network.

Bitlayer Tokenomics Overview

• Token Designation: BTR

• Overall Supply: 1 billion tokens

CoinList Token Sale (July 31–August 7, 2025):

• Public buyers (non-US) can purchase up to $2 million, available at TGE.

• US accredited investors will have a one-year lock.

Funds Raised Within Sales:

• Public sale achieved $4 million.

• Total funds raised to date: ~$29 million (including Seed, Series A, and Extended Series A).

• Estimated market cap: $200M – $300M when fully diluted.

Meet the Bitlayer Team

• Charlie Yechuan Hu: Former contributor at Polkadot, Polygon, and Tezos.

• Kevin Changbin He: Previously managed blockchain initiatives at Huobi Global; instrumental in launching numerous EVM chains.

Fundraising Journey of Bitlayer

• Seed Round: $5 million from investors such as Framework Ventures and OKX Ventures.

• Series A (July 2024): $11 million from prominent firms like Franklin Templeton and Flow Traders.

• Extended Series A (October 2024): An additional $9 million was secured.

• Public Token Sale (July–August 2025): Generated $4 million.

~$29 million.

Bitlayer Listing Essentials

• Exchange Platform: Coinone (South Korea)

• Trading Pair: BTR/KRW

• Official Listing Date: August 28, 2025, at 2:00 a.m. UTC

Prior to this moment, the token sale was conducted on CoinList. Now, traders can engage on Coinone.

Exchanging Rates and Details:

• On CoinList: 1 BTR priced at $0.20

• On Coinone: Transacting with Korean Won (KRW)

Steps to Purchase Bitlayer (BTR)

1. Register and complete KYC verification on Coinone.

2. Fund your account with KRW.

3. When trading opens, locate BTR/KRW and execute your purchase.

Important Reminder: Always initiate with small investments and ensure you only use funds you can afford to lose.