Bitcoin Layer 2 Project Raises $7 Million in Presale with 152% Staking Rewards
Bitcoin Hyper is an independent Layer 2 network that aims to improve the performance of Bitcoin (BTC) by enabling faster transactions, lower fees, and greater programmability. The project uses the Solana Virtual Machine and zero-knowledge rollups to achieve this goal.
The presale for Bitcoin Hyper has already raised over $7 million from retail and institutional participants, with reported rewards exceeding 152% annual yield for stakers. However, some experts note that the team's anonymity and lack of a live mainnet product are significant risks.
Bitcoin Hyper is positioned as a solution to two major limitations of Bitcoin: slower transaction throughput and the lack of native smart contract execution on the base layer. The project aims to make BTC more suitable for everyday applications by enabling programmability in a Layer 2 environment.