How BounceBit (BB) works
BounceBit (BB) is the first native Bitcoin blockchain. It introduces a new approach to storage through a two-code system. This innovative platform enhances the security of Bitcoin along with full compatibility with the Ethereum Virtual Machine (EVM) to provide a convenient and secure experience for users.
Double mortgage mechanism
BounceBit offers a unique token redemption mechanism, combining Bitcoin storage with BounceBit (BB) tokens, enhancing security, providing a diverse stakeholder base, and enhancing ecosystem resilience.
Consensus proof of interest
BounceBit adopts a Proof of Stake (PoS) mechanism, known as Dual-Token PoS, where validators stake BB and/or BBTC tokens to record and verify transactions, creating perpetual staking and strengthening the network.
Transparent financial services
BounceBit works to rebuild trust and provide a secure platform for earning returns on dormant Bitcoin, by implementing proof of chain for backup and transparent activities.
Increase Bitcoin utility
BounceBit seeks to enhance liquidity and expand the utility of BTC in a transparent and efficient environment, by enabling BTC holders to participate in the DeFi and CeFi markets, and providing an ecosystem that meets the needs of retail and institutional investors.
Features of smart contract
BounceBit fully integrates with the Ethereum Virtual Machine (EVM) and the Solidity language, allowing developers to build advanced dApps and enhance the application versatility and benefits of Bitcoin.
Standardization across multiple chains
BounceBit is developing a unified platform to integrate different forms of wrapped BTC across multiple blockchain networks, enhancing the efficiency and liquidity of BTC assets across multiple blockchains.
