Underlying tech

Bit Protocol leverages Oasis Sapphire, the first confidential Ethereum Virtual Machine (EVM), bringing enhanced privacy to DeFi. In addition to privacy, high-throughput and low gas fees ensure the efficient, cost effective, secure and private functioning of Bit Protocol's bitUSD stablecoin and bitGOV token. Before diving into bitGOV it is important to understand the key features, and benefits of Oasis Sapphire.

Key features

• EVM Compatibility: Enables omnichain functionality and facilitates easy migration from other EVM networks to Bit Protocol, expanding the user base and market reach without compromising privacy.

• Private Storage and End-to-End Encryption: Sapphire's encrypted storage is vital for Bit Protocol, securing the privacy of transactions involving bitUSD.

• Encryption Precompiles: These precompiled contracts enable secure, efficient cryptographic operations, ensuring the integrity and security of transactions within the Bit Protocol ecosystem.

• Free View Calls: This feature enhances user experience and reduces operational costs, allowing the development of sophisticated financial tools within the DeFi space.

• Web2 Authentication Integration: Support for advanced authentication methods offers the potential to enhance user accessibility and trust, and facilitate mainstream adoption.

Main Benefits

• Enhanced Privacy and Security: Central to Bit Protocol, Sapphire’s privacy-centric architecture ensures secure financial transactions and data protection.

• Development and User Adoption: EVM compatibility and a developer-friendly environment enable rapid innovation and growth, attracting users from other blockchain ecosystems.

• User Experience: Free view calls and advanced authentication improve accessibility and appeal, enhancing the scope and potential of Bit Protocol and associated services built on top of the protocol.