Source prnewswire
OKX Ventures Announces Strategic Investment in Bitlayer, the First Bitcoin Security-Equivalent Layer 2 Solution Based on BitVM Paradigm
OKX has invested in Bitlayer, the first security-equivalent layer 2 based on BitVM.The Discreet Log Contract (DLC) framework has been adopted by Bitlayer to handle more financial applications securely.Over the past 15 years, Bitcoin has dominated with 53.4% of the total assets.The founder of OKX Ventures said that "Bitcoin has won trust through its development philosophy, designed around decentralization, trustlessness, and pseudonymity to maintain user privacy."About Bitlayer.Bitlayer is the first solution that addresses the trade-off between security and Turing completeness in the layer 2.Bitlayer is committed to becoming the computation layer for Bitcoin, aiming to introduce ultra-scalability to Bitcoin while inheriting its security, providing users with a high-throughput, low-cost transaction experience.About OKX.The investment arm of OKX, OKX Ventures, has an initial capital commitment of 100 million dollars.
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