LayerTwo Labs is an innovative blockchain development company founded in 2022 with the goal of expanding the capabilities of the Bitcoin network through advanced second-layer solutions. The focus is on the development and implementation of Drivechain technology, proposed in BIP300 and BIP301, which allows for the creation and integration of third-party blockchains (sidechains) with the Bitcoin mainnet.
Drivechain provides several benefits, including scalability, flexibility, interoperability, and security. Sidechains allow developers to experiment with new features and technologies without risking the Bitcoin mainnet, while also providing economic security through the hashrate system. Users can move Bitcoin between the mainnet and sidechains via peg in and peg out mechanisms, gaining access to various blockchain applications without the need to purchase altcoins.
The company is actively developing and testing various sidechains, including Thunder, a sidechain with a larger block size and a fraud proof mechanism, as well as projects focused on privacy and interoperability with Ethereum and Zcash. LayerTwo Labs also provides developer tools such as Drivechain Launcher and bip300301_enforcer, and maintains infrastructure for fast withdrawals and testnets.
In January 2025, LayerTwo Labs attracted the attention of the crypto community when Donald Trump Jr. joined the company as a strategic advisor, highlighting the growing interest in Drivechain technology and its potential in the Bitcoin ecosystem.
The company actively participates in international events such as Bitcoin Impact 2024 in Singapore and IDG Capital Blockchain Meetup in Vietnam, where innovations in Layer2 solutions and their impact on liquidity and network development are discussed.
