Bitcoin’s New BFFs: Miners Unite for DeFi Magic! 💰✨

What to know:

So, here’s the scoop: Bitlayer, the shiny new Bitcoin Layer 2, has decided to play nice with three of the biggest mining pools in the world—Antpool, F2Pool, and SpiderPool. It’s like the Avengers of Bitcoin, but with fewer capes and more blocks!

Let’s face it, Bitcoin has been lagging behind its more glamorous friends like Ethereum for ages, mainly because it’s been stuck in the past without Turing-complete smart contracts. But fear not! Bitlayer’s BitVM is here to save the day, offering all the security of Bitcoin without messing with its precious core protocol. Talk about a win-win!

But wait, there’s a catch! To make this dream a reality, they need the miners—those lovely folks who create new blocks and validate transactions for a little BTC love. And guess what? This partnership is just what the doctor ordered!

The trio of mining pools, which control over 36% of Bitcoin’s computing power (hashrate, for the nerds), have agreed to support non-standard transactions (NSTs). This is crucial for BitVM’s challenge-response mechanism. Basically, they’re removing the roadblocks to make BitVM a household name. 🚧

Now, NSTs are like the rebellious teenagers of the Bitcoin world—valid under the consensus rules but not relayed by the default Bitcoin Core software. Good luck getting those confirmed without a miner’s help!

Under this fabulous partnership, Antpool, F2Pool, and SpiderPool will act as the guardians of the BitVM Bridge, ensuring NSTs are included in blocks and become part of Bitcoin’s forever ledger. No pressure, right?

The BitVM bridge is like a VIP pass for BTC, allowing it to mingle with other blockchain ecosystems—think rollups, cross-chain protocols, and smart contracts—without needing a middleman. It’s the ultimate party for Bitcoin DeFi applications while keeping the network’s security intact. 🎉

“BitVM is the golden ticket to on-chain validation for Bitcoin while keeping its core security intact. This partnership is the key to getting those Non-Standard Transactions on-chain,” said Kevin He, co-founder of Bitlayer, in a press release that probably made him feel like a rock star.

A win for miners

This isn’t just a big deal for Bitlayer; it’s a strategic win for miners too, especially since their income is getting slashed every four years like a bad haircut.

Andy, the CEO of Antpool, chimed in, saying that Bitlayer’s BitVM could spark new economic activity and fee-based income for miners. More fees? Yes, please!

“With BitVM, we’re letting BTC flow into DeFi and Layer 2 ecosystems. More use means more fees, and that’s a recipe for long-term sustainability for miners,” Andy said, probably while sipping a fancy coffee.

Leon Liang, the chief strategy officer at F2Pool, emphasized the need for innovation, saying, “We want to support high-quality projects like Bitlayer that expand Bitcoin’s horizons.”

SpiderPool’s CTO Kenway added that this partnership unlocks new possibilities for Bitcoin DeFi, enhancing Bitcoin’s utility while keeping miners at the center of the action. Talk about a power move!

Demand for bitcoin DeFi is growing rapidly

Bitlayer’s collaboration with these mining giants follows recent partnerships with major Layer 1 ecosystems like Sui, Base, Arbitrum, and Starknet. It’s like a growing family of secure, Bitcoin-native DeFi infrastructure that’s ready to take over the world!

Bitlayer is on a mission to onboard more validators and early adopters to secure and expand the BitVM Bridge—because who doesn’t want to be part of Bitcoin’s next big evolution? 🚀

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2025-05-27 04:26