2 months ago
Bitlayer, a Bitcoin Layer 2 built connected the BitVM paradigm, has partnered with 3 of the world’s largest bitcoin BTC mining pools — Antpool, F2Pool, and SpiderPool — successful a first-of-its-kind collaboration to accelerate the real-world adoption of BitVM, a breakthrough exertion focused connected enabling Bitcoin-native DeFi.
Bitcoin’s ecosystem has lagged down different Layer 1s similar Ethereum for years owed to method limitations — particularly its deficiency of enactment for Turing-complete astute contracts. Bitlayer’s BitVM paradigm addresses this by offering Bitcoin-equivalent information and Turing completeness without altering Bitcoin’s halfway protocol oregon compromising its foundational design.
But turning that imaginativeness into world requires the practice of miners — the entities that make caller blocks and validate transactions successful speech for BTC. That’s precisely what this caller concern secures.
The 3 mining pools, representing implicit 36% of Bitcoin’s full computing powerfulness (hashrate), person agreed to enactment non-standard transactions (NSTs) — a captious portion of BitVM’s challenge-response mechanism, the firms said. Their enactment removes a cardinal bottleneck to BitVM deployment and brings the strategy person to wide use.
NSTs are transactions that are valid nether Bitcoin’s statement rules but are not relayed by the default Bitcoin Core software, making them hard to get confirmed on-chain without miner cooperation.
Under this partnership, Antpool, F2Pool, and SpiderPool volition service arsenic guardians of the BitVM Bridge, ensuring NSTs are reliably included successful blocks and go portion of Bitcoin’s immutable ledger.
The BitVM span is simply a peculiar instrumentality that facilitates unafraid and reliable question of BTC into different blockchain ecosystems — specified arsenic rollups, cross-chain protocols, and astute contracts — without relying connected centralized intermediaries. It opens the doorway for broader Bitcoin DeFi applications portion preserving the network’s robust information guarantees.
“BitVM represents the astir credible way to bring on-chain validation to Bitcoin portion maintaining its halfway security. This concern solves the captious last-mile situation of getting Non-Standard Transactions included on-chain,” said Kevin He, co-founder of Bitlayer, successful a property merchandise shared with CoinDesk.
A triumph for miners
This isn’t conscionable a milestone for Bitlayer — it’s a strategical triumph for miners arsenic well, particularly arsenic they look dwindling income owed to per-block BTC rewards being chopped successful fractional each 4 years.
Andy, CEO of Antpool, noted that Bitlayer's BitVM tin assistance thrust caller economical enactment and fee-based income for miners.
"Built connected BitVM, Bitlayer enables BTC to travel into DeFi and Layer 2 ecosystems. That means much use, much fees, and semipermanent sustainability for miners," Andy said successful the property release.
Leon Liang, main strategy serviceman astatine F2Pool, emphasized the value of innovation, saying, "we privation to enactment high-quality projects similar Bitlayer that grow what Bitcoin tin do.”
SpiderPool CTO Kenway spoke to the broader imaginable of Bitcoin arsenic a fiscal services platform, stating, "This concern lets america unlock caller possibilities for Bitcoin DeFi. It enhances Bitcoin’s inferior portion reinforcing miners’ cardinal relation successful the ecosystem.”
Demand for bitcoin DeFi is increasing rapidly
Bitlayer’s collaboration with mining giants follows caller integrations with large Layer 1 ecosystems similar Sui, Base, Arbitrum, and Starknet. Together, these partnerships bespeak a increasing request for secure, Bitcoin-native DeFi infrastructure that scales.
Bitlayer is actively onboarding much validators and aboriginal adopters to assistance unafraid and grow the BitVM Bridge — and to physique what could go the cornerstone of Bitcoin’s adjacent evolution.
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