Introduction
Key Features of
EVM Compatibility:
High Scalability, Low Fees
BitFlash is deeply integrated with the Ethereum Virtual Machine (EVM), enabling the deployment of Ethereum-based applications on the Bitcoin network. This integration provides users and developers with a low-fee, high-scalability environment conducive to fostering innovation and broadening Bitcoin's use cases. By marrying Bitcoin's robust security model with Ethereum's advanced smart contract capabilities, BitFlash offers a seamless bridge between the two leading blockchain ecosystems.
Proof of Stake (PoS) Based Consensus:
Decentralization and Security
BitFlash prioritizes a secure and decentralized network, mirroring Flashbots' efforts towards trustless auction systems. The platform utilizes a Proof-of-Stake (PoS) consensus mechanism, fostering a more equitable and energy-efficient alternative to Bitcoin's Proof-of-Work system. This mechanism, similar to the trust assumptions being addressed by Flashbots, promotes broader participation and a more robust network.
ZK Rollup Technology:
Enhanced Efficiency and integrity
Leveraging ZK Rollup technology, BitFlash significantly improves transaction throughput and efficiency on the Bitcoin network. Through the implementation of ZK-Rollups, BitFlash batches multiple transactions into a single transaction on the Bitcoin blockchain, reducing congestion and lowering transaction fees. Sequencer nodes, operating in conjunction with decentralized Oracles, ensure the integrity and security of data transmission, providing transparency and trustworthiness within the ecosystem.
Native Innovation:
Community-Driven Solutions
Committed to fostering a community-driven ecosystem, BitFlash emphasizes native innovations on Layer2. Through its dedication to fair launches and decentralization, BitFlash invites community participation and contribution, enabling the development of unique solutions tailored for the Bitcoin network. This approach empowers users and developers to directly influence the evolution of the BitFlash platform, ensuring that it remains responsive to the needs of its users and the broader blockchain community.
Layer Structure of
Settlement Layer (Bitcoin): Streamlining EVM Integration
BitFlash bridges the gap between Bitcoin's security and Ethereum's programmability. Built on Bitcoin's rock-solid foundation, transactions are permanently etched on the blockchain for ultimate security. Unlike Flashbots (which focuses on Ethereum's MEV issues), BitFlash tackles limitations within Bitcoin itself. By seamlessly integrating the EVM, BitFlash assists developers to leverage the strengths of both ecosystems, unlocking a new era of secure and scalable DeFi applications directly on the Bitcoin blockchain.
Sequencing Layer: Orchestrating Transactions
The sequencing layer is BitFlash's transactional powerhouse, coordinating transactions and state changes network-wide. Designed to uphold the principles of security and decentralization characteristic of Bitcoin, it acts as the system's core, arranging transactional data and embedding it into the Bitcoin blockchain. This ensures a secure, chronological progression of events, with advanced cryptographic techniques verifying each transaction's authenticity and immutability.
Proving Layer : Advancing Cryptographic Validation
At the forefront of BitFlash's innovation is the proving layer, where cutting-edge cryptographic processes validate transactions and states without compromising sensitive information. Utilizing Zero-Knowledge Proofs, this layer champions privacy and security, aligning every transaction with Bitcoin's security standards. Through efficient cryptographic circuits, it verifies transaction correctness, positioning BitFlash as a leader in secure and private blockchain technology.
Tokenomics of
Liquidity Provision: 80% (1.68 Billion BSH)
A commitment to ensuring BitFlash's market remains fluid and tradeable.
Ecosystem Incubation: 15% (315 Million BSH)
These tokens are earmarked to nurture the BitFlash ecosystem, encompassing development, marketing, and community incentives.
Advisory and Exchange Foundations: 5% (105 Million BSH)
Allocated for the strategic guidance and listing initiatives that will secure BitFlash’s presence across major exchanges.