BitVM Moves Into Implementation Stage with Bitlayer Launch
A new Blockworks article highlights BitVM’s move into the implementation stage, as Bitlayer launches the BitVM Bridge and YBTC on mainnet.
blockworks.co/news
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BitVM enters the ‘implementation’ stage as Bitlayer’s BitVM Bridge and YBTC go live
YBTC is the perfect vehicle for Bitcoin holders first and foremost because of its high level security. As a representative Bitcoin asset created by Bitlayer, a leading Bitcoin infrastructure project, the value of YBTC is strictly pegged 1:1 with native BTC. Each YBTC in circulation is backed by one real BTC securely locked in the BitVM Bridge, preserving YBTC’s value and eliminating de-peg risk from Bitcoin.