ðïļArchitecture
Layer 2 Protocol
LayerBTC operates as a Layer 2 solution, built on top of the Bitcoin blockchain. It uses rollup technology to aggregate multiple transactions into a single batch, which is then recorded on the Bitcoin mainnet. This approach significantly reduces transaction costs and increases throughput, addressing Bitcoin's scalability issues without compromising security.
Proof of Stake Consensus
LayerBTC employs a Proof of Stake consensus mechanism, where validators are chosen based on the amount of cryptocurrency they hold and are willing to "stake" as collateral. This method is energy-efficient and provides fast transaction finality, contributing to the platform's overall speed and efficiency.
EVM Compatibility and BRC20 Interoperability
LayerBTC's compatibility with the Ethereum Virtual Machine (EVM) allows developers to use existing Ethereum smart contracts and tools on the LayerBTC platform. BRC20 interoperability ensures smooth asset transfers between Bitcoin and LayerBTC, promoting a seamless user experience.
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