Bitcoin Hyper (HYPER) Layer 2 Scaling Solution Promises Near-Instant Transactions

Bitcoin is painfully slow. Sitting around for 30+ minutes while your concert ticket purchase gets confirmed isn't just frustrating

Bitcoin Hyper is aiming to make BTC more practical for everyday use with its Layer 2 solution that offers blazing fast transactions, tiny fees, and DeFi features, powered by the Solana Virtual Machine (SVM).

Bitcoin Hyper’s $HYPER token is currently available at $0.011575 as part of an ongoing presale.

Bitcoin is well-known for its slow transaction speeds, which can take 30 minutes or more to confirm, and for its high fees, especially during periods of high congestion.

However, Bitcoin Hyper’s system processes transactions in a matter of seconds and keeps fees low, even when the main Bitcoin network is busy.

Its Layer 2 solution also enables users to earn passive income by staking their BTC, trade on decentralized exchanges, and use other DeFi services without leaving the Bitcoin ecosystem.

How Solana’s VM Technology Is Used

Bitcoin Hyper’s system is designed to be compatible with the BTC blockchain and integrates with the Solana Virtual Machine (SVM) to provide additional functionalities.

Solana is known for its high throughput, capable of handling thousands of transactions per second, in contrast to Bitcoin’s seven transactions per second.

When someone sends BTC to Bitcoin Hyper’s special address, called the Canonical Bridge, their system verifies the Bitcoin on the main chain and credits the user with the same amount on their Layer 2 network, powered by the SVM.

The SVM enables parallel processing, allowing multiple tasks to be executed simultaneously.

In essence, it's like having 100 cashiers available instead of just one, significantly speeding up the service. This property allows Bitcoin Hyper to process transactions in seconds, compared to waiting half an hour for a regular Bitcoin transaction.

The SVM also handles more complex operations that Bitcoin's programming language cannot handle directly.

For instance, users can choose to stake their BTC with Bitcoin Hyper to earn regular rewards. Similarly, the SVM enables the integration of decentralized exchanges and other DeFi services.

To ensure security, Bitcoin Hyper periodically takes snapshots of all the activity on its Layer 2 and anchors them back to the main Bitcoin blockchain.

This approach combines the speed and efficiency of Solana with the security and decentralization of Bitcoin.

The Benefits For BTC Users

Bitcoin Hyper’s system aims to provide everyday BTC users with several benefits.

Firstly, it offers near-instant transaction speeds. When a user sends BTC to Bitcoin Hyper, it arrives at its destination almost immediately, in contrast to waiting several minutes or more for Bitcoin transactions to confirm.

Secondly, it keeps the fees incredibly low, in stark contrast to the high fees often associated with Bitcoin, especially during periods of high congestion.

Thirdly, it provides opportunities to earn passive income by staking BTC and to trade on decentralized exchanges without converting to another cryptocurrency.

Finally, and perhaps most importantly, it keeps all the assets connected to the main Bitcoin network, offering a new use case for BTC itself.

For instance, if splitting a dinner bill with friends, regular Bitcoin might lead to paying more in fees than the appetizer share and waiting an hour for the main course transaction to confirm while friends leave.

However, with Bitcoin Hyper, each person can send their share of the bill, which arrives in seconds with minimal fees, even if the main Bitcoin network is busy.

How Bitcoin Hyper’s Settlement Process Works

Bitcoin Hyper’s system is designed for speed without sacrificing security.

It uses zero-knowledge proofs to verify the integrity of activity on Layer 2 without slowing things down.

Every so often, Bitcoin Hyper takes all the transactions that have happened on Layer 2 and commits them back to the main Bitcoin blockchain. These checkpoints mean that even if something went wrong with Bitcoin Hyper’s system, users’ funds would still be secure based on the last checkpoint.

The Canonical Bridge that holds users’ Bitcoin while they’re using Layer 2 isn’t controlled by any single entity. It uses multiple signatures and time-locked protections to prevent unauthorized withdrawals.

When users want their Bitcoin back on the main chain, they simply request a withdrawal. After a quick verification process, their Bitcoin returns to their original address.

This approach aims to provide the best of both worlds: the speed and efficiency of a modern system with the security and decentralization of Bitcoin.

About The $HYPER Token Presale

Bitcoin Hyper’s $HYPER token is currently available for purchase at a price of $0.011575 as part of an ongoing presale.

To participate in the presale, users can transfer crypto like ETH or USDT from an exchange to a wallet like MetaMask.

After connecting their wallet to the Bitcoin Hyper presale platform, they can select the desired number of tokens and optionally choose to stake them immediately.

Credit card payments are also supported.

The presale has no set deadline but may conclude early if all tokens are sold.

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