Bitcoin smart contract bridge by Bitlayer debuts on the mainnet with the ambition to radically transform blockchain interoperability.
Combining advanced security and cross-chain compatibility, this innovation promises to renew decentralized finance (DeFi) linked to the most widespread digital asset.
Launch of Bitlayer: a new era for Bitcoin in DeFi
Bitlayer, a DeFi infrastructure startup supported by Franklin Templeton, has taken a significant step by launching its own smart contract bridge on the mainnet.
Bitlayer was founded with a clear mission: to increase the interoperability of Bitcoin across different blockchain networks, overcoming historical limitations imposed by the less programmable nature of the Bitcoin network.
The bridge solution, called BitVM, addresses a crucial challenge in the world of digital assets: the need to connect native Bitcoin liquidity to ecosystems that support smart contracts and more advanced decentralized financial applications.
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