What is bifrost?
Bifrost is a multi-chain middleware platform that enables developers to create decentralized applications (DApps) on top of multiple protocols. Not constrained by a single blockchain, Bifrost creates a new environment where developers can combine the best protocols to develop more scalable and flexible Dapps.
With Bifrost, developers can write smart contracts for multiple blockchain protocols in a unified environment. They simply select the target blockchain for each part of the code, and Bifrost immediately translates, compiles, and deploys the code into the target blockchain. Developers can also easily manipulate their Dapps and even switch target blockchains when new and better protocols become available.
Bifrost has multiple components that enable seamless connectivity between all blockchains:
- Recipe: a language application that defines Bifrost's programming language and generates smart contract code with guaranteed code-level flexibility.
- Linker: a system that connects users to Bifrost components, ensuring seamless operation across multiple blockchains.
- Builder: An integrated development environment (IDE) that provides a custom environment to use Bifrost's comprehensive suite of features.
Gourmet: An automated test environment for Bifrost services and smart contract development, updated with the latest technology in blockchain.
< LI > Scan: a dashboard that gives you a complete view of Bifrost's internal processes and shows your blockchain interconnections in diagrams.
What makes bifrost unique?
Flexibility: In order to maximize the potential of blockchain technology, the superior flexibility that allows users to choose and combine blockchains is needed. Bifrost focuses on this flexibility to enable developers to get the most out of blockchain.
< LI > Scalability: Bifrost works with multiple blockchains without any additional layer of abstraction, so you can use the functionality of each blockchain directly. Its flexibility allows you to apply different blockchains that best suit your needs.
Interoperability: The value of interoperable blockchain services is growing as the blockchain industry evolves. On Bifrost, you can build services from the start with myriad composition and interoperability possibilities.
Complete development suite: Bifrost provides a complete set of capabilities to develop and operate your products, including ides, monitoring capabilities, and client services (such as wallets).
What are its use cases?
BFC (Bifrost token) is the currency of the Bifrost multi-chain ecosystem. Developers pay BFC for developing and operating their DApps using multi-chain middleware, which has the lowest gas fee cost when using multiple blockchain protocols compared to one blockchain. More specifically, they will be required to pledge a certain amount of BFC and deduct fees from it. Once the pledge amount falls below the threshold level, they will be required to purchase BFC to reach the threshold again. The first DApp supported by Bifrost is the multi-chain DeFi platform BiFi. Using Bifrost's multi-chain technology, BiFi can directly connect to multiple blockchains such as Bitcoin, Tron and Klaytn, expanding the DeFi ecosystem that is currently limited to Ethereum. BiFi will have its own token BiFi, which will be used to govern and pay for the use of multi-chain DeFi services. As BiFi's multi-chain is supported by Bifrost, BiFi regularly purchases BFC using BiFi and pays them to Bifrost. Bifrost continues to evolve, with more features tailored to DeFi DApp development for multi-chain DeFi developers in the future. With the growth of dapps such as DID, NFT and games, Bifrost will be the pre-eminent multi-linked platform from the start. Future DApp developers will be able to customize the combination of blockchains to build dApps that are more scalable, interoperable, and flexible, powered by BFC. More functions tailored for DeFi DApp development, the future service multi-chain DeFi developers. With the growth of dapps such as DID, NFT and games, Bifrost will be the pre-eminent multi-linked platform from the start. Future DApp developers will be able to customize the combination of blockchains to build dApps that are more scalable, interoperable, and flexible, powered by BFC. More functions tailored for DeFi DApp development, the future service multi-chain DeFi developers. With the growth of dapps such as DID, NFT and games, Bifrost will be the pre-eminent multi-linked platform from the start. Future DApp developers will be able to customize the combination of blockchains to build dApps that are more scalable, interoperable, and flexible, powered by BFC.
How many BFC coins are in circulation?
A total of 4 billion BFC tokens were issued. There are currently 256 million BFC tokens in circulation since our Uniswap listing on December 2, 2020 at 11 am UTC. Two rounds of private placement in 2018 and 2019, and public offering in June 2020.
Of the total supply of BFC tokens, 20% is allocated to the following: Bifrost Reserve, ecosystem, and Team. Four per cent is allocated to investors and the final 10.4 per cent is spent on marketing. Reserve, Ecosystem, Team and Advisor BFC tokens will be allocated over five years, with a one-year lock-up period and a four-year attribution period.
PiLab, founded on March 14, 2016, is a research-based software provider founded by two professors to develop blockchain applications to solve social and business problems. In the process, they saw the potential and limitations of blockchain technology. There are many protocols, each with advantages and disadvantages, and there is no way to combine them. So they created Bifrost, a technology platform that allows developers to easily build multiple blockchains that truly support multi-chain technology.
As CEO and co-founder of Bifrost, Dohyun Pak has been developing and managing complex derivatives products for financial institutions in the United States and South Korea for more than a decade. He received his Ph.D. in financial engineering from the University of Michigan in Ann Arbor. Dohyun is currently a professor of mathematical Finance at Gachon University.
JongHyup Lee, CTO and co-founder of Bifrost, is currently professor of Mathematical Finance at Cha-Chun University. After receiving his PhD in computer science from Yonsei University, he presented his research at top conferences as a postdoctoral fellow under the supervision of Dr. David Brumley of Carnegie Mellon University's CyLab. He also co-founded PPP, one of the world's leading hacking teams.
Bifrost's coo and co-founder, Changhyun Yoo, graduated early from Seoul Science High School and went on to study computer science at KAIST. For more than a decade, he has developed numerous financial platforms for leading financial institutions. Believing that the future of finance is in blockchain, he co-founded Bifrost, where he guided his team of diverse talents.
Soso, the cmO and co-founder of Bifrost, is a former medical doctor who is now one of South Korea's leading cryptocurrency influencers. His passion for cryptocurrencies and blockchain expertise led him to found Block Crafters Capital, a blockchain-focused venture Capital firm, where he has backed the development of more than 30 companies. Today, Bifrost is a team of 30 people with deep and extensive experience in finance and computer science, from quant trading and fintech development to hacking and cyber security. Their advisers are from leading blockchain and technology organizations including Coin Plug, Blockwater Management, Block Crafters and KAIST Engineering.
Where can I buy bifrost (BFC)?
you can use the transaction on the landing - the ETH in < a href = "https://coinmarketcap.com/currencies/uniswap/" > Uniswap < / a > on landing the purchase.