Bitlayer launches Bitcoin cross-chain bridge BitVM on mainnet
2025/07/16 22:09
PANews reported on July 16 that according to Cointelegraph, Bitlayer, a Bitcoin DeFi infrastructure invested by traditional asset management giant Franklin Templeton, announced the launch of the smart contract cross-chain bridge BitVM on the mainnet. The solution allows users to lock Bitcoin into smart contracts and convert it into a packaged asset Peg-BTC (YBTC) that can interact across chains. It has now been integrated with networks such as Sui, Base and Arbitrum. Bitlayer said that the bridge solution uses a single-signature verification mechanism to optimize security, aiming to enable native BTC liquidity to enter the smart contract ecosystem without changing the underlying Bitcoin protocol.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
SRM rebrands as Tron Inc. in one of crypto’s strangest public transitions
Once known for crafting Disney-themed souvenirs, SRM Entertainment now holds the keys to one of crypto’s biggest treasury plays. Its rebrand to Tron Inc. and Nasdaq ticker switch to “TRON” marks a corporate metamorphosis few saw coming, least of all…
Share
Crypto.news2025/07/17 03:46
This low-cost crypto could beat Solana and Cardano, predicted to reach $2 from below $0.002
LILPEPE, a rising Layer 2 memecoin, could deliver 1,500x gains and potentially outpace Solana and Cardano. #partnercontent
Share
Crypto.news2025/07/17 03:35
What is an OTC platform, and how to choose it?
OTC crypto trading booms 106% as businesses seek large trades without slippage; here’s how to choose the right platform. #partnercontent
Share
Crypto.news2025/07/17 03:49