Bitlayer is a Bitcoin Layer 2 solution utilizing a BitVM - verification mechanism intended to increase the scalability of the Bitcoin mainnet while maintaining the same level of security as Bitcoin. Additionally, the project proposes a Bitlayer Bridge that enables users to make transfers across BTC and EVM networks to the Bitlayer network. is the native utility token of Bitlayer, used to reward ecosystem participants and enable community-driven governance through proposal voting and protocol adjustments.
Bitlayer crypto project has successfully raised fromPolychain Capital, Framework Ventures, OKX Ventures, GSR, and others. And aims to raise via ICO on Coinlist.
