Bitlayer is a Layer 2 solution that achieves Bitcoin-equivalent security, built upon BitVM. It emphasizes a verification process aimed at ensuring security on par with Bitcoin's Layer 1. By leveraging BitVM, Bitlayer supports an environment where Bitcoin's computational capabilities can be expanded, aligning with the vision that Bitcoin can eventually compute everything. Additionally, Bitlayer introduces the BitRC-20 asset framework, designed to enrich the ecosystem with a wide array of asset classes, fostering a diverse and secure development landscape within the Bitcoin network.

Bitcoin Layer 2 Network Bitlayer Labs Raises $5M in Seed Round, Backed by Framework Ventures, ABCDE Capital and StarkWare.

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The post TNA: The First-Ever Naming Protocol Backed By Bitlayer2  appeared first on Coinpedia Fintech News
The TNA protocol has announced a major partnership with Bitcoin Layer 2. With this partnership, TNA becomes the first-ever naming protocol to be backed by the booming Bitlayer L2 and will directly empower Bitlayer’s ecosystem partners. TNA’s services will allow Bitlayer users to map human-readable ‘tap names’ to BTC native addresses, redefining accessibility, ownership, and …

Bitlayer

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TNA: The First-Ever Naming Protocol Backed By Bitlayer2