Bitlayer’s new BitVM bridge allows users to lock Bitcoin in smart contracts and convert it to Peg-BTC, enhancing liquidity across networks like Sui and Arbitrum.
Bitlayer has officially launched its BitVM cross-chain bridge, enabling users to lock Bitcoin into smart contracts and convert it into Peg-BTC for cross-chain interactions. The bridge has been integrated with networks such as Sui, Base, and Arbitrum, and employs a single-signature verification mechanism to enhance security. This innovative solution aims to improve native BTC liquidity within the smart contract ecosystem without modifying the underlying Bitcoin protocol.