Frontier Discussion | Trust-Minimized BTC Bridge Based on BitVM and Pioneering the Programmability Future of Bitcoin

Recently, the price of Bitcoin has been fluctuating in the range of 90,000 to 100,000 USD, with investors eagerly searching for the next hotspot. For Bitcoin builders and researchers, the past six months have been relatively calm, but significant progress has been made in areas such as BitVM open-source research and trust-minimized Bitcoin bridges.

On February 12th, Bitlayer, the first Bitcoin Layer 2 solution built on BitVM, held an in-depth discussion on Bitcoin scalability, BTCFI, and future opportunities. Participants included Bitlayer co-founder Kevin He, ABCDE investment research partner Lao Bai, Web3Caff researcher May, developer WongSSH, and CH999, vice president of the Peking University Blockchain Association.

This discussion covers the following topics:

• Bitcoin price trends and ecological predictions for 2025, key tracks and opportunity sharing
• Comparison of Bitcoin L2 solutions, especially the analysis of security and scalability trade-offs.
• BitVM Technical Paradigm: BTC Bridge Classification and BitVM Bridge Implementation Progress
• Bitcoin L2 Development Trends and Market Opportunities

The following is a整理 of the conversation content:

Bitcoin 2025 Development Outlook and Layout

Kevin believes that in the past year, multiple projects in the Bitcoin ecosystem have been launched, and technologies like BitVM have also made significant progress. Bitlayer hopes to achieve decentralized BTCFI through BitVM to address the asset management needs of BTC holders.

Laobai stated that ABCDE focuses on three key areas: BTCFI represented by Solv, on-chain technology represented by Bitlayer for BitVM, and Taproot Assets. These areas are crucial for the long-term development of Bitcoin.

May believes that Bitcoin will face stricter regulation in 2025, but it will also become more mainstream. The development of BTCFI will gradually transform Bitcoin into a financial instrument.

WongSSH is optimistic about Bitcoin cross-chain bridges and CDP applications, believing they can release Bitcoin liquidity and implement leverage strategies.

CH999 takes a wait-and-see approach, hoping to see representative applications and real users emerge in the Bitcoin ecosystem.

Bitcoin Scaling: A Trade-off Between Security and Scalability

Kevin pointed out that there is a contradiction between security and application scenarios in the current Bitcoin scalability. BitVM aims to achieve programmability with no trust or minimal trust, allowing users and developers to perceive its value.

Lao Bai believes that BitVM is the third and possibly the last attempt on the Bitcoin chain, which is crucial for the future security of Bitcoin.

May emphasized that the BitVM bridge could be the key to activating BTCFI and reducing reliance on centralized derivatives.

WongSSH stated that BitVM2 is more feasible than BitVM0 and is expected to bring industry transformation.

The Differentiation of Bitlayer BitVM Bridge Solutions

Kevin introduced that Bitlayer's BitVM bridge is a third-generation Bitcoin wrapping technology that only requires a few people to remain honest to ensure security. Compared to the previous two generations of technology, it achieves a qualitative leap in security and model.

Bitlayer has also done a lot of work in areas such as project implementation, user experience, and capital efficiency to address various issues in the process from concept to productization.

Bitcoin L2 Development Trends and Potential Opportunities

CH999 expects Bitcoin L2 to replicate the successful models of the Ethereum and Solana ecosystems, while also developing more innovative DeFi products.

May pointed out that the development of Bitcoin L2 is relatively conservative, and the focus in the future may be on compliant stablecoins and yield-bearing derivatives.

Kevin believes that the mission of Bitcoin L2 is to enable BTCFI to occur in a decentralized environment. Bitlayer plans to achieve this in three steps: running the business model, addressing security issues, and providing a high-performance environment. He emphasizes that each public chain needs to find its positioning and address specific issues to have a chance.

Overall, participants are optimistic about the prospects of Bitcoin ecosystem projects based on BitVM, hoping that they can find their place in the ecosystem and promote the development of the entire industry.