Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
Bitlayer is a protocol based on "BitVM" that aims to harness Bitcoin's full capabilities by introducing smart, multichain features layered above the Bitcoin network. With reported deposits exceeding $3 million in BTC and a daily trading volume surpassing $360 million, it boasts a thriving multichain ecosystem with a large user base. The platform is set to provide several functionalities, including a Bridge for asset transfers, a DApp Center, and comprehensive support for developers through documentation, a multisig wallet, and testnet tools. Additionally, Bitlayer positions itself as a reliable platform trusted by various partners and investors, complete with a strategic roadmap and avenues for community involvement, such as leaderboards and job opportunities. Essential elements of the protocol encompass tools for user engagement, security documentation, and efforts to integrate with other blockchain networks. Furthermore, the platform highlights its commitment to enabling multichain DeFi and DApp deployment on Bitcoin, showcasing infrastructure that includes token scanning capabilities, testnets, and a rich assortment of developer resources to encourage innovation and collaboration. Overall, Bitlayer is poised to become a pivotal player in the evolving landscape of decentralized finance.
Description
A deployed cluster, referred to as a constellation, is made up of a primary server, known as the alpha, along with 5 to 19 auditor servers. These servers are operated by different organizations or business entities, each of which publicly verifies its identity through a standard Stellar ed25519 public key. Since the organizations that comprise the constellation and their public keys are unlikely to change frequently, including these public keys in client software is advantageous for enabling direct signature verification on the client side. The funds collected from clients are held in a single Stellar account, known as the vault, which is secured by an M-of-N multi-signature scheme, where N represents the total number of independent servers in the constellation, and M is defined as the majority of votes (more than 50%) plus one. To execute any withdrawal, the majority of signatures from the quorum participants is required, a process safeguarded by the Stellar ledger's integrity. Transactions such as payments and trades are confirmed instantaneously, with a finality achieved within five seconds, thus ensuring a rapid and secure financial environment. This combination of technology and governance provides a robust framework for managing assets within the constellation.
API Access
Has API
API Access
Has API
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Bitlayer
Country
Singapore
Website
www.bitlayer.org
Vendor Details
Company Name
Centaurus
Website
github.com/centaurus-project/centaurus