Bitlayer (BTR)

Bitlayer is the first Bitcoin security-equivalent Layer2 solution based on BitVM approach. Bitlayer’s core objective is to address the trade-off between security and Turing completeness in Bitcoin Layer2s through cryptographic innovations and blockchain protocol engineering. This is intended to ultimately foster a prosperous Bitcoin ecosystem.

Seed Round: $5M

Series A Round: $11M

Extended Series A Round: $9M

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What is Bitlayer

Bitlayer is a Layer 2 solution that achieves Bitcoin-equivalent security, built upon BitVM. It emphasizes a verification process aimed at ensuring security on par with Bitcoin's Layer 1. By leveraging BitVM, Bitlayer supports an environment where Bitcoin's computational capabilities can be expanded, aligning with the vision that Bitcoin can eventually compute everything. Additionally, Bitlayer introduces the BitRC-20 asset framework, designed to enrich the ecosystem with a wide array of asset classes, fostering a diverse and secure development landscape within the Bitcoin network.

Bitlayer is committed to fostering an open and collaborative Bitcoin DeFi ecosystem by working with partners to advance the BTC Bridge, Bitcoin Layer 2 and BitVM stack, driving the future of secure, scalable, and programmable Bitcoin finance.