Bitlayer Partners with Major Mining Pools to Enhance Bitcoin DeFi
Bitlayer, utilizing the BitVM paradigm, has partnered with three major Bitcoin mining pools—Antpool, F2Pool, and SpiderPool—to enhance the adoption of Bitcoin-native DeFi. This collaboration aims to address Bitcoin's limitations in supporting Turing-complete smart contracts.
Key points include:
- Mining pools represent over 36% of Bitcoin’s total hashrate.
- The partnership ensures support for non-standard transactions (NSTs), essential for BitVM's functionality.
- NSTs can be validated under Bitcoin’s consensus but require miner cooperation for on-chain confirmation.
- Antpool, F2Pool, and SpiderPool will ensure NSTs are included in blocks, integrating them into Bitcoin’s ledger.
- The BitVM Bridge facilitates BTC movement into other blockchain ecosystems without centralized intermediaries.
This initiative provides miners with new revenue opportunities as they adapt to decreasing block rewards. According to Antpool's CEO, Bitlayer can stimulate economic activity and increase fee income for miners.
Bitlayer’s collaborations reflect a rising demand for secure, Bitcoin-native DeFi solutions, with ongoing efforts to onboard more validators for the BitVM Bridge.