BitLayer Collaborates with Global Bitcoin Mining Companies

BitLayer, a project implementing a Bitcoin virtual machine, announced on the 27th that it has decided to establish a strategic partnership with three global Bitcoin mining companies: AntPool, F2Pool, and SpiderPool. They are responsible for 40% of the global Bitcoin mining volume.

BitLayer explained that through this partnership, the core of the 'BitVM Bridge', Non-Standard Transactions (NST), can be processed at the three mining companies including AntPool. NST is a transaction method that is allowed on the BTC blockchain itself but is mostly blocked by the software (core client) used by general mining companies.

The BitVM Bridge is a decentralized tool that helps safely transfer Bitcoin to other blockchains, with all procedures automatically verified and approved through code.

BitLayer assessed that the collaboration with these mining companies will be a turning point in realizing the potential of BitVM Bridge technology and that the infrastructure for Bitcoin rollup development has been established.

Andy, CEO of AntPool, said, "BitLayer's BitVM Bridge technology will allow BTC to safely enter the DeFi and Layer 2 ecosystems," adding, "AntPool will become the operator of the BitLayer Bridge to support BTC innovation and protect the interests of miners."

localplace@fnnews.com Hyunji Kim, Reporter