Alisa Davidson
Printed: Might 27, 2025 at 3:05 am Up to date: Might 27, 2025 at 3:05 am
Edited and fact-checked:
Might 27, 2025 at 3:05 am
In Transient
Bitlayer has entered into strategic agreements with Antpool, F2Pool, and SpiderPool, representing a step towards establishing the technical basis required for the sensible deployment of the BitVM Bridge.
Layer 2 Bitcoin scaling platform Bitlayer has entered into strategic agreements with three Bitcoin mining swimming pools—Antpool, F2Pool, and SpiderPool. The cooperation represents a step towards establishing the technical basis required for the sensible deployment of the BitVM Bridge.
The BitVM Bridge is constructed upon the BitVM framework, which simulates good contract capabilities on the Bitcoin community with out requiring any modifications to the core protocol. This design allows Bitcoin to be transferred into programmable environments in a safe and environment friendly method, thereby supporting its integration into decentralized finance programs.
The operational mechanism entails two key good contracts: one on the Bitcoin community that oversees the locking and unlocking of Bitcoin, and one other on a secondary chain that’s answerable for issuing and destroying Peg-BTC tokens, that are used to symbolize Bitcoin inside the decentralized finance (DeFi) infrastructure. Members on this system fulfill particular roles. People depositing Bitcoin work together with the primary contract to obtain Peg-BTC on the secondary chain. These seeking to withdraw Bitcoin return Peg-BTC for redemption. Liquidity suppliers facilitate these withdrawals and are later compensated by way of the Bitcoin-based contract. One other group screens for any malicious conduct and has the authority to dispute questionable actions. The protocol is structured round a pre-authorized transaction framework that maps all professional exit paths, permitting solely predetermined transactions to proceed.
At the moment, the problem mechanism utilized by BitVM bridges will depend on non-standard transactions (NSTs), that are appropriate with Bitcoin’s consensus guidelines however not supported by the default Bitcoin Core shopper. To be able to overcome this limitation, Bitlayer has engaged with mempool operators to introduce a community layer able to accepting NSTs and making certain their eventual inclusion in blocks. This setup permits for the submission of NSTs inside the problem course of by way of reliable mempool or mining providers, thereby reinforcing the safety of the BitVM Bridge.
The involvement of mining entities that collectively symbolize over 36.2% of the Bitcoin community’s whole hashrate not solely integrates their operations with the protocol’s trajectory but additionally introduces the potential for brand new financial frameworks. These embrace transaction price income derived from verifying exercise on the BitVM Bridge, foundational help for Bitcoin-based rollup applied sciences, and the emergence of future use instances or fashions which have but to be conceptualized. Concurrently, Bitlayer’s analysis division will keep shut collaboration with its ecosystem companions to help ongoing growth and refinement of the BitVM protocol.
Andy, CEO of Antpool, famous that Bitlayer’s BitVM has the potential to stimulate new financial exercise and generate fee-based earnings for miners.
“Constructed on BitVM, Bitlayer allows BTC to circulate into DeFi and Layer 2 ecosystems. Meaning extra use, extra charges, and long-term sustainability for miners,” Andy acknowledged in a written assertion.
Leon Liang, Chief Technique Officer at F2Pool, highlighted the significance of innovation, stating, “We wish to help high-quality initiatives like Bitlayer that broaden what Bitcoin can do.”
SpiderPool CTO Kenway commented on the broader potential of Bitcoin as a monetary providers platform, saying, “This partnership lets us unlock new prospects for Bitcoin DeFi. It enhances Bitcoin’s utility whereas reinforcing miners’ central function within the ecosystem.”
Bitlayer Expands Strategic Partnerships To Advance BitVM Bridge Adoption
Bitlayer is creating what is taken into account the preliminary sensible implementation of the BitVM framework. This method combines a high-assurance safety mannequin with a wise contract execution layer designed for velocity, aiming to broaden the vary of DeFi purposes obtainable on Bitcoin.
The timing of Bitlayer’s collaborative efforts, following its engagements with a number of Layer 1 networks and associated protocols corresponding to Sui, Base, Starknet, Arbitrum, Sonic, Sundial, and Plume Community, displays a rising curiosity in options based mostly on the BitVM structure for bridging Bitcoin.
At current, Bitlayer is working to combine extra collaborators who’re positioned to function early individuals within the adoption of the BitVM Bridge and contribute to the event of a Bitcoin-focused monetary ecosystem, with an emphasis on sustaining the underlying community’s long-term safety.
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About The Creator
Alisa, a devoted journalist on the MPost, makes a speciality of cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising traits and applied sciences, she delivers complete protection to tell and interact readers within the ever-evolving panorama of digital finance.
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Alisa Davidson
Alisa, a devoted journalist on the MPost, makes a speciality of cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising traits and applied sciences, she delivers complete protection to tell and interact readers within the ever-evolving panorama of digital finance.
Extra articles
