BounceBit Chain
1 storyBounceBit Chain uses Bitcoin restaking Layer 1 architecture to support Bitcoin-restaking and CeDeFi applications. Execution on BounceBit Chain is provided by EVM-compatible execution, whereas consensus is coordinated through dual-token proof-of-stake. Transactions on BounceBit Chain use BB for fees, and participants may stake it. Client software for BounceBit Chain implements its published operating rules and developer interfaces. Mainnet releases and validator participation belong under BounceBit Chain; security incidents involving Bitcoin-restaking and CeDeFi applications and changes to EVM-compatible execution stay with BounceBit Chain. Use BB for asset markets; at BounceBit Chain, changes to fee payment and staking remain network topics.
BounceBit Chain Shutdown Leaves BB Token Utility in Limbo
BounceBit is shutting down its Layer 1 blockchain after a protocol flaw moved 286.5 million BB tokens, forcing a 1:1 reissue on BNB Chain and leaving the token's future utility and network roles uncertain