OKX Ventures Invest in First Bitcoin Layer 2 Solution Bitlayer

OKX Ventures, the venture arm of leading crypto exchange OKX, has announced a strategic investment in Bitlayer. It is the first Bitcoin security-equivalent Layer 2 based on BitVM. Based on the Taproot and BitVM technologies, Bitlayer aimed to scale the Bitcoin network’s transaction capability with its Discreet Log Contract (DLC) framework to handle financial applications securely.