Unibit (UIBT)

Unibit is a dual-sided bridge, making cross-network transfers between BRC20 and EVM chain tokens.

Whitepaper

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What is Unibit

UniBit's dual-sided bridge sets a new standard for cross-chain interoperability, offering a comprehensive and user-friendly solution to the complex challenges of token movement.

UniBit prioritizes security with a robust minting and burning process. Upon depositing BRC20 tokens, they are sent to a designated secure address and verified before triggering the equivalent minting of tokens on the EVM chain. Conversely, withdrawals involve burning the corresponding EVM tokens and transferring the equivalent value from a secure cold wallet back to Bitcoin. This secure infrastructure minimizes the risk of hacking and malicious activity, safeguarding user funds throughout the bridge process.

UniBit Protocol's impact extends beyond individual cross-chain transactions, making significant contributions to the overall growth and resilience of the Bitcoin ecosystem. UniBit leverages the unique advantages of both Bitcoin and EVM chains. By bridging ERC20 tokens with BRC20 tokens, UniBit Bridge unlocks synergies between the two ecosystems, fostering growth and collaboration across the blockchain landscape. With UniBit, BRC-20 holder can freely explore the full potential of their digital assets, utilizing them in DeFi protocols, participating in yield farming, and accessing a plethora of innovative applications across the EVM world.