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.

Jul 23, 2024 Bitlayer Raises 11M USD in Series A Round Led by Franklin Templeton, ABCDE.

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Memecoins within the Solana ecosystem have experienced significant gains, outpacing the broader cryptocurrency market.

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Bitlayer, a Bitcoin layer-2 network, has raised a total of $16 million, including $11 million in its Series A funding round at a $300 million valuation, according to a July 23 statement shared with CryptoSlate. Franklin Templeton, a prominent investment management firm and issuer of spot Bitcoin and Ethereum ETFs, and ABCDE led the Series […]
The post Franklin Templeton invests in Bitlayer’s $300M-valued Bitcoin infrastructure appeared first on CryptoSlate.

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