Bitcoin Scaling Labs builds an ecosystem of interoperable Bitcoin Layer‑2 subnets that communicate via the Interplanetary Consensus (IPC) protocol embedded in SegWit. The permissionless L2 network enables SWIFT‑like payment routing with up to 23× lower virtual‑byte costs per transaction, while anchoring settlement and security to the Bitcoin main chain. It provides developers and fintech firms a high‑throughput, low‑cost infrastructure for global Bitcoin payments and data transfer.
Funding
Funding not disclosed
Founders
Product
Problem
Bitcoin’s base layer has limited transaction throughput and high fee per byte, which restricts its ability to serve as a global medium of exchange for everyday payments and large‑scale value transfers.
Solution
Bitcoin Scaling Labs addresses this limitation by constructing a network of interoperable Bitcoin Layer‑2 (L2) subnets that communicate through a protocol called Interplanetary Consensus (IPC). The IPC protocol is embedded in Bitcoin SegWit, enabling SWIFT‑like messaging across the L2 ecosystem while anchoring settlement and security to the Bitcoin main chain. Subnets can be created permissionlessly as federated or Proof‑of‑Stake chains that use Bitcoin as stake, allowing anyone to launch a customized L2. By routing transactions through these subnets, the system achieves up to 23× lower virtual‑byte cost per transaction compared with direct Bitcoin L1 transfers, dramatically increasing throughput and reducing costs for users.
Target Audience
Primary customers are blockchain developers, fintech enterprises, and payment service providers seeking to build or adopt high‑throughput, low‑cost Bitcoin payment solutions, as well as businesses that require scalable Bitcoin infrastructure for global commerce.
Features
- Permissionless creation of Bitcoin L2 subnets that operate as federated or PoS chains with BTC‑based staking
- Interplanetary Consensus (IPC) messaging protocol embedded in SegWit for secure, low‑overhead communication between L2s
- SWIFT‑like payment routing across the L2 network, enabling high‑volume value transfers with up to 23× lower vB/tx
- Settlement and security anchored to the Bitcoin L1, preserving Bitcoin’s trust model while scaling capacity
- Interoperable ecosystem of L2 subnets allowing seamless transfer of both BTC and arbitrary data
- Open‑source tooling and documentation for developers to integrate and extend the scaling infrastructure