What is the BSquared Network?
BSquared Network (B² Network) is a Layer-2 solution based on Bitcoin, aiming to improve transaction speed and expand application diversity without sacrificing security. As the first platform to implement Zero-Knowledge Proof Verification Commitment Rollup on Bitcoin, B² Network not only enhances transaction efficiency but also supports Turing-complete smart contracts, enabling more innovative applications such as decentralized finance (DeFi), NFT, SocialFi, and more. Note: B² Network is used to replace BSquared Network in the following text.
The project vision and mission of B² Network
The vision of the B² Network is to transform Bitcoin from a simple payment network into a full-fledged financial infrastructure. With the support of Layer-2 technology, Bitcoin is no longer just digital gold, but a decentralized platform capable of complex financial operations. The mission of the B² Network is to build a practical and efficient Bitcoin Layer-2 solution, while restoring the builder culture of early Bitcoin developers, enabling developers to easily build DApps and seamlessly migrate from the EVM-compatible ecosystem to the Bitcoin network.
The core technical architecture of B² Network
The technical architecture of the B² Network is mainly divided into two core levels:
Rollup Layer
B² Network adopts ZK-Rollup as the main Rollup Layer, and is based on the zkEVM solution to handle user transactions. User state information will be stored in the ZK-Rollup layer, and transaction data will be batched and generated into zero-knowledge proofs, which will ultimately be submitted to the Data Availability Layer for storage and verification.
Data Availability Layer
This layer includes decentralized storage, B² nodes, and the Bitcoin network:
- Decentralized storage: As the main storage space for ZK-Rollup users' transactions and proofs, it ensures the security and tamper resistance of data.
- B² node: responsible for data storage, zk proof verification, and Bitcoin block synchronization.
- Bitcoin Network: As the ultimate settlement layer, all B² Rollup transactions are written through Bitcoin's Taproot and finally confirmed to ensure data irreversibility and security.
The core function of B² Network
High-speed trading and low cost
The B² Network uses ZK-Rollup technology to batch process multiple transactions, significantly increasing transactions per second (TPS) and reducing transaction costs.
Privacy protection and data integrity
Through zero-knowledge proofs, the privacy of user transactions can be fully protected, verified without revealing specific information, not only safeguarding personal privacy but also preventing data tampering.
EVM compatibility and decentralized applications
The B² Network supports Turing-complete smart contracts and is compatible with EVM. Developers can easily migrate existing Ethereum DApps seamlessly to the Bitcoin ecosystem, breaking through inter-chain barriers.
Enhanced data availability and permanent storage
Through decentralized storage technology, the B² Network ensures that all Rollup data is permanently stored and cannot be tampered with, while supporting users to view historical transaction records at any time.
B² Network's token economics
The native token of the B² Network is $B2, with a total supply of 210,000,000 tokens, distributed as follows:
- Investors: Allocate 10% (21,000,000 tokens), with a lock-up period of 12 months, followed by a linear release over 25 months.
- Team and advisors: 10% allocation (21,000,000 tokens) with a 12-month lock-up period, followed by a 36-month linear release.
- Ecosystem Incentives (BUZZ I & II): A total of 10.5% allocation, with BUZZ I at 5.5% (11,550,000 tokens) and BUZZ II at 5% (10,500,000 tokens). 6.25% of BUZZ I is released at TGE, with the remaining released proportionally over the next 4 months; BUZZ II is fully released at TGE.
- Staking (HIVE): 20% (42,000,000 coins), used for BTC collateral and B² node operation rewards, with a linear release over 96 months.
- Ecological reserve: 24% (50,400,000 coins), used to support ecological development, unlocked after 6 months and released over 47 months.
- Bitcoin Extended Network Reward: 11% (23,100,000 coins), used for the incentive of the Bitcoin Extended Network, unlocked after 6 months and released over 34 months.
- Public distribution: 12% (25,200,000 coins), for market circulation, gradually released according to actual demand.
- Initial liquidity: 2% (4,200,000 tokens), fully released at TGE, used for liquidity allocation in CEX and DEX.
The future development of B² Network
The long-term goal of the B² Network is to become the mainstream Layer-2 blockchain on Bitcoin, unlocking a larger DeFi ecosystem, NFT trading markets, and cross-chain financial applications, and achieving stronger privacy protection and scalability through Taproot and zkEVM technologies.
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Summary
B² Network is redefining the application boundaries of Bitcoin, using zero-knowledge proof and Rollup technology to transform Bitcoin into a more interactive and financially operational platform. In the future, B² Network is expected to become the cornerstone of decentralized finance, NFT, and social finance, truly ushering Bitcoin into a diversified application era.
