Ah, Bitlayer! A name that dances on the tongues of the crypto-enthusiasts like a well-rehearsed ballet. In a move that could only be described as audacious, they have decided to partner with not one, not two, but three of the world’s largest Bitcoin mining pools. One can only imagine the boardroom discussions—“Let’s make Bitcoin great again!”
On the 27th of May, in a grand announcement that surely sent ripples through the digital ether, Bitlayer took to their official X account to declare their newfound alliances with Antpool, F2Pool, and SpiderPool. Together, these mining behemoths control nearly 40% of the Bitcoin network hashrate. It’s like forming a band with the three best musicians in town—good luck finding a bad note!
With this triumvirate of support, BitVM is set to leap from the realm of mere concept into the tangible world of working infrastructure. They aim to enable non-standard transactions, which, let’s be honest, sound like the rebellious teenagers of the Bitcoin family—technically valid but often ignored due to Bitcoin Core’s default settings. It’s like being the kid who brings a pet tarantula to school; fascinating, yet no one wants to deal with it.
But fear not! With these three miners on board, BitVM is now as usable as a well-worn pair of slippers. Thanks to the BitVM Bridge, users can now transfer Bitcoin into smart contract platforms without the need for those pesky central intermediaries. Who needs middlemen when you can have a bridge? 🏗️
This opens the floodgates to a plethora of new applications—lending, yield farming, and multi-chain staking. Bitlayer’s approach is akin to adding a splash of color to a black-and-white film, bringing smart contract functionality to Bitcoin without altering its core protocol or compromising its security. Bravo! 👏
Moreover, this collaboration is a cherry on top of Bitlayer’s recent integrations with networks like Sui (SUI), Arbitrum (ARB), Base, and Starknet (STRK). These connections allow BTC to power applications such as lending, staking, and yield farming using Peg-BTC, a Bitcoin-backed token minted through the BitVM Bridge. It’s like giving Bitcoin a new wardrobe—suddenly, it’s fashionable and functional!
Since its grand debut on the mainnet in April 2024, Bitlayer has amassed a total value locked of $413 million, according to DefiLlama data. They support more than 200 Bitcoin DeFi applications. Talk about a busy social calendar!
In their quest for greatness, Bitlayer has raised over $20 million, including a Series A round led by none other than Franklin Templeton and a follow-up led by Polychain Capital. As they embark on their next phase, they are bringing on more validators and collaborating with wallet platforms like Xverse and Binance Wallet to fuel their growth. It’s like assembling the Avengers of the crypto world!
With this latest partnership, Bitlayer’s vision of crafting tools to connect Bitcoin to more advanced financial systems is inching ever closer. Who knew that the world of cryptocurrency could be so entertaining? 🎭
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2025-05-27 10:52