BOB (Build on Bitcoin) protocol
Overview
BOB (Build on Bitcoin) is a layer-2 protocol that merges Bitcoin's security model with Ethereum's smart contract functionality. The system employs a merge-mining process to secure a sidechain capable of running smart contracts, which facilitates decentralised finance (DeFi) applications on the Bitcoin network. The protocol intends to connect Bitcoin's role as a store of value with execution environments similar to Ethereum's.
Within The Counterparty graph, BOB (Build on Bitcoin) connects to 1 tracked entity, most strongly to Bitcoin.
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 1 of 1 total).
| Relation | Connected entity | Confidence |
|---|---|---|
layer2_of | Bitcoin | 70% |
Frequently asked questions
What is BOB (Build on Bitcoin)?
BOB (Build on Bitcoin) is a layer2 tracked in The Counterparty knowledge graph. It is connected to 1 other tracked entity, most strongly to Bitcoin.
What type of entity is BOB (Build on Bitcoin)?
BOB (Build on Bitcoin) is classified as a layer2 (protocol) in The Counterparty knowledge graph.
What is BOB (Build on Bitcoin) connected to?
In The Counterparty knowledge graph, BOB (Build on Bitcoin) is linked to 1 other tracked entity, most strongly to Bitcoin.