BitProtocol
  • Introducing Bit Protocol
    • Market opportunity
    • Growth Strategy
    • Privacy in Oasis Sapphire
      • Underlying tech
    • Governance
  • Protocol
    • Deposit Collateral and Mint bitUSD
    • Stability Pool and Liquidations
    • Redemptions
    • Protocol Fees
    • Recovery Mode
    • Supported Collaterals
  • Guides
    • Deposit
    • Provide liquidity
    • Redeem
  • Resources
    • Contracts
    • Audits
    • Brand Assets
  • DISCLAIMER
    • Disclaimer
    • Privacy Policy
    • Service Agreement
  • Future Expansions
    • 1-Click Leveraged Longs
    • Troves as NFTs
    • Automated Position Maintenance
    • Peg Maintenance
    • Insurance
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On this page
  • Key features
  • Main Benefits
  1. Introducing Bit Protocol
  2. Privacy in Oasis Sapphire

Underlying tech

Bit Protocol is built on Oasis Sapphire, the first confidential EVM in the Ethereum ecosystem — combining high throughput, low gas fees, and powerful privacy features. This technical foundation is what enables bitUSD to operate securely, efficiently, and in a way that protects user data without compromising on DeFi usability.

Understanding how Bit Protocol leverages Sapphire helps clarify what makes this platform different — especially when it comes to future-proof privacy and seamless omnichain expansion.

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.

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Last updated 1 month ago