Bitlayer expands Bitcoin’s reach with first BitVM implementation

in #layr2 months ago

Bitlayer has taken a major step in integrating Bitcoin with the broader blockchain ecosystem by implementing BitVM, a new framework designed to enable trust-minimized Bitcoin interoperability.

Through partnerships with Base, Starknet, Arbitrum Arbitrum

Arbitrum, Sonic, and Plume Network, Bitlayer’s BitVM Bridge aims to expand Bitcoin’s Bitcoin
btc
Bitcoin utility across decentralized finance and real-world asset applications, according to a press release shared with crypto.news.

Base’s cbBTC will allow Bitcoin holders to use their assets on EVM-compatible chains, bringing Bitcoin into the broader DeFi ecosystem.

Arbitrum users will now be able to bridge Bitcoin assets through Bitlayer’s trust-minimized framework, further strengthening the network’s DeFi landscape. Meanwhile, Starknet, a permissionless zero-knowledge rollup, will integrate with Bitlayer to facilitate seamless Bitcoin transfers while maintaining security and scalability.

Plume Network, the first full-stack Layer 1 blockchain focused on real-world assets, will leverage Bitlayer’s integration to unlock Bitcoin’s liquidity for institutional-grade financial products. This move aligns with Plume’s mission to bridge traditional finance with blockchain technology.

Sonic, a high-performance Solana Virtual Machine chain, will integrate BitVM to bring Bitcoin liquidity to Web3 applications, including gaming and social media platforms.