 | Bitfinity NetworkBitfinity operates as a Bitcoin scaling network on the Internet Computer protocol, providing an efficient platform for Ethereum developers to build Bitcoin-enabled decentralized applications. Seed Round: $1.5 Million Funding Round: $5.5 Million IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice. |
Overview
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OpenWhat is Bitfinity Network
Bitfinity is a blazingly-fast (1000 TPS+), next-generation EVM, serving as a Layer Two for Bitcoin and other Bitcoin on-chain assets. With Bitfinity, you will be able to deploy smart-contracts for Bitcoin, Ordinals, BRC-20 - all written in Solidity. Bitfinity is built on the Internet Computer.
Layer 2 solutions are ubiquitous in the Ethereum world, and primarily rely on zero-knowledge cryptography or optimistic rollups to create secure bridges between the base layer-1 chain and the layer-2.
Bitfinity instead uses a threshold cryptographic scheme, called Chain-Key, to create a secure decentralised bridge between Bitfinity and the Bitcoin blockchain. Chain-key is unique, in that no single node ever has access to the threshold key, the threshold key shares are regenerated on a periodic basis every 11 minutes through "moon-math".
DetailsToken supply: 1,000,000,000 BITFINITYRaised: 7,000,000 USD LegalRegistration country: Virgin Islands (British)Registration year: 2021 Office address: Trinity Chambers, PO Box 4301, Road Town, Tortola, British Virgin Islands | Token infoTicker: BITFINITYType: Utility-token Token standard: ERC-20 Token distribution: Community Treasury - 20% Governance DAO - 35% Long Term Incentives - 16% Seed Round - 5% Growth Round - 8% Grants - 3% Growth and Partnerships - 3% Locked Liquidity - 10% |
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