Ligo Network: A New Bitcoin Layer2 Solution

Ligo Network launched in March 2024 from Singapore as a Bitcoin Layer2 solution aimed at improving transaction efficiency and expanding functionality. Bitcoin remains secure but can be slow and costly, making it difficult to build decentralized applications.

Ligo addresses this by offering a Bitcoin Virtual Machine (BVM) that supports multiple programming languages, allowing developers more flexibility.

Ligo’s Parallel Python VM enhances scalability, processing up to 30,000 transactions per second. It removes reliance on centralized indexing, supports cross-chain compatibility, and improves efficiency for decentralized applications.

With this, DeFi apps can operate directly on Bitcoin, NFTs and Ordinals can function without centralized control, and GameFi and SocialFi projects can benefit from Bitcoin’s security while maintaining high transaction speeds. It also offers better infrastructure for tokenizing real-world assets.

The team behind Ligo brings strong blockchain experience. CTO Dr. Simon Xu has spent over a decade in blockchain R&D. Dr. Vincent, head of R&D, is a two-time ETH Global champion. Vincent Lieu leads business development with Web3 expertise. Co-founder David He has 15 years of experience in Web2 and Web3, Girish Alva manages the India market, and Li Wei leads Web3 ecosystem development from Silicon Valley.

In 2025, Ligo plans to migrate to the Mojo VM, launching Ligo V2 with AI-driven enhancements for decentralized computing. As Bitcoin continues to evolve, Ligo is positioning itself as a practical Layer2 solution for developers and businesses looking to build on the Bitcoin network.