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What is B² Network?
B² Network is a Layer-2 protocol on Bitcoin compatible with the Ethereum Virtual Machine (EVM), aimed at solving Bitcoin's scalability issues while maintaining network security. The project applies zero-knowledge proof (ZKP) technology and optimistic rollup to process off-chain transactions with high performance and low cost, while providing a platform supporting dApps and staking for users.
How does B² Network work?
B² Network operates based on two fundamental layers:
- Rollup Layer: Combines off-chain transactions into batches and writes state root to Bitcoin Layer-1, applying zkEVM and sequencer.
- Data Availability Layer (DA Layer): Ensures data accessibility and verification, resolving transparency and fraud issues.
The operating process includes: transaction processing → generating ZKP proof → data storage → validity verification → recording on Layer 1.
B² Network's Products
- B² Hive: Feature to stake BTC to receive B2 token rewards. Integrated with MetaMask, OKX, UniSat Wallet.
B2 Hive Staking - B² Buzz: Yield program encouraging users to use B2 tokens to increase rewards.
B2 Buzz Farming - B² Explorer: Blockchain explorer for B² Network (similar to Etherscan).
B2 Explorer - Bridge: Bridge for converting BTC and other tokens to B² Network from EVM chain.
B2 Bridge from other networks - B² Honey: is a giveaway and community mission system for B² Network users. Participants can perform simple activities like wallet connection, social media interaction, dApp experience, etc. to accumulate points and receive rewards.
The highlight of B² Honey is its intuitive interface, accessible airdrop mechanism, and role as a program encouraging early users to interact with the ecosystem - B² Mining: is a liquidity mining and yield farming platform on the B² Network. Users can provide liquidity to designated pools to receive rewards in B2 tokens.
Here, pools are typically integrated with partner dApps like StakeStone, LayerBank, etc. and have transparent real-time APR indicators
B2 Mining
How to Earn and Own B2 Token
- Buzz Mining: Participate in staking, farming, and DApp interaction.
- Honey Airdrop: Complete community tasks to receive rewards.
- Liquidity Pool: Provide liquidity and receive B2 token.
- Purchase on Exchange (when listed): No official listing has been announced yet.
B2 Token Wallets & Exchanges
- Wallets: MetaMask, OKX Wallet, UniSat, Leather, Xverse
- Exchanges: Binance Wallet DEX or PancakeSwap
Roadmap
- Testnet is currently active
- Public mainnet launch coming soon
- Deploying multiple DApps and expanding ecosystem
- Token issuance in later stage
Project Team
- Currently updating. Team member details not yet disclosed
Investors and Partners
- Investors:
- Hashkey Capital
- OKX Ventures
- IDG Capital
- Kucoin Ventures
- ABCDE Capital
- Waterdrip Capital
- Antalpha Ventures
- Partners: Over 80 projects in the ecosystem, including StakeStone, LayerBank, Okabi, UXLink
Similar Projects to B² Network
- Bitlayer: Bitcoin L2 with Turing-complete smart contracts
- BEVM: EVM-compatible Bitcoin L2 using BTC as gas
Assessment of B² Network
B² Network is a synchronized Layer-2 approach in terms of technology and ecosystem for Bitcoin. Its EVM compatibility gives it potential to attract DApp developers and boost Web3 on Bitcoin. However, the lack of detailed tokenomics and unreleased mainnet could be short-term risks.
Frequently Asked Questions about B² Network
- Has B² Network launched mainnet?
- No, the project is currently in the testnet phase.
- How to participate in testnet and airdrop?
- Visit the website and connect wallet to stake and test DApps.
- Where will B2 Token be traded?
- No information yet about listing on CEX or DEX.
Summary
Allinstation has answered the question of what B² Network is and provided detailed information about the project's ecosystem and token. Keep following and experience the testnet to hunt for airdrop opportunities. Good luck!
