Bitlayer is a Bitcoin second-layer network that utilizes OpVM for trustless finality and a real-time execution environment, enabling ultra-scalable transactions while maintaining Bitcoin's layer-one security. It addresses the limitations of Bitcoin's transaction throughput and finality by providing a high-capacity, low-cost solution for decentralized applications.
Funding
$25M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
FTPFounders
Product
Problem
Bitcoin's native layer-one network suffers from limitations in transaction throughput and finality, hindering its ability to support complex decentralized applications and high transaction volumes. This restricts Bitcoin's utility in decentralized finance (DeFi) and other applications requiring fast and scalable transactions.
Solution
Bitlayer is a Bitcoin layer-two scaling solution that leverages OpVM (Optimistic Virtual Machine) to provide trustless finality and a real-time execution environment. This enables ultra-scalable transactions while inheriting Bitcoin's layer-one security. Bitlayer's architecture combines parallel execution, fast state access via sharded KV stores, and a scalable MPT trie to achieve high throughput and near real-time transaction confirmation. The platform also features a trust-minimized, front-and-reimburse mode Bitcoin bridge powered by OpVM, facilitating the secure transfer of BTC between Bitcoin and the layer-two network.
Target Audience
The primary target audience includes developers looking to build scalable DeFi applications on Bitcoin, as well as users seeking faster and cheaper Bitcoin transactions.
Features
- OpVM: A trustless finality service that allows blockchain applications to finalize transactions on Bitcoin.
- Finality Bridge: A trust-minimized Bitcoin bridge secured by OpVM, enabling atomic swaps between Bitcoin and the layer-two network.
- RtEVM (Real-time EVM): Achieves ultra-high throughput and near real-time transaction confirmation through parallel execution and fast state access.
- Scalable MPT: Attaches sharded KV stores to a scalable MPT trie, enabling unlimited capacity and extremely fast state access.
- DApp Center: A platform for decentralized applications built on Bitlayer.