Bitlayer announces the launch of Bitcoin cross-chain bridge BitVM on mainnet

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ODAILY
07-16
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report: Bitlayer, a Bitcoin DeFi infrastructure invested by traditional asset management giant Franklin Templeton, announced the launch of its smart contract cross-chain bridge BitVM on the mainnet. The solution allows users to lock Bitcoin into smart contracts, converting them into cross-chain interoperable wrapped assets Peg-BTC (YBTC), and has already integrated with networks such as Sui, Base, and Arbitrum. Bitlayer stated that the bridging solution optimizes security through a single-signature verification mechanism, aiming to bring native BTC liquidity into the smart contract ecosystem without changing Bitcoin's underlying protocol. (Cointelegraph)

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