Bitlayer Summary
Bitlayer is a Layer 2 of Bitcoin that enhances scalability and adds smart contracts, compatible with EVM. It supports DeFi, NFTs, and dApps, aiming for 20,000 TPS by 2025. It uses BitVM for security and has the BTR token for governance. Unlike Lightning, it focuses on programmability, not just payments.
It resembles solutions from Ethereum and Cardano.