 | Build on Bitcoin (BOB)BOB, standing for Build on Bitcoin, is a Bitcoin Layer 2 solution that’s fully EVM-compatible, aiming to unite the robust security of Bitcoin with the versatility and innovation of Ethereum’s smart contracts. This groundbreaking platform enables the development of decentralized applications (dApps) directly on Bitcoin, leveraging the Ethereum Virtual Machine for seamless execution of smart contracts while maintaining Bitcoin as the native asset. It’s designed to significantly expand the utility and functionality of Bitcoin, inviting a new era of development on the world’s first and most secure blockchain. Seed Round: NA 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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What is Build on Bitcoin
BOB ("Build on Bitcoin") is a new BTC L2 stack with full EVM compatibility, combining Bitcoin's security and power as the most widely adopted digital asset with Ethereum's programmability, scalability and user experience. BOB is designed to be a Bitcoin co-processor, enhancing Bitcoin's functionality and using the Bitcoin L1 for settlement, custody and storage:
- Bitcoin security. BOB allows to inherit Bitcoin PoW security, with the long-term goal to achieve optimistic rollups on the Bitcoin L1 via on-chain fraud proofs using mechanisms like BitVM.
- Support for the Bitcoin stack. BOB supports the existing Bitcoin tech stack, incl. Ordinals, Lightning and Nostr, powered by cross-chain light clients, a universal Bitcoin smart contract SDK, and a Rust zkVM
- EVM smart contracts. BOB smart contracts are powered by the EVM, ensuring full compatibility with best-in-class infrastructure and tooling.
- ETH rollup support. BOB supports rolling up to Ethereum as an OP stack rollup to unlock Bitcoin use cases for web3 power users. This way, BOB benefits from native support for all ERC20 tokens (incl. USDC, USDT, ETH), access to DeFi liquidity, and as easy on/off-ramps from major exchanges and institutional platforms.
DetailsRaised: 10,000,000 USD |
Build on Bitcoin Roadmap
Public testnet showcasing the power of Bitcoin and EVM
Access to assets, users, and liquidity. Part of ETH L2 ecosystem
Inherit BTC security via new merged mining protocol (PoW "restaking")
Upgrade from optimistic rollup to ZK validation
Sequencers with BTC stake via BitVM, one-time signatures, and ZK proofs
Multi-ZK-rollup, connected to both BTC and ETH
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