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Bool Network
Bool Network is a decentralized infrastructure for BTCFi (Bitcoin Finance) that aims to unlock Bitcoin's potential in a trustless manner. It acts as a secure Bitcoin verification layer, enhancing scalability and enabling cross-chain capabilities through advanced cryptography.
Distributed
Description
Bool Network is a decentralized and secure Bitcoin verification network that utilizes advanced cryptographic technology to enhance Bitcoin’s scalability, security, and cross-chain capabilities. It introduces a programmable second layer for Bitcoin to facilitate secure asset issuance and cross-chain experiences. The network's framework is built upon Multi-Party Computation (MPC), Zero-Knowledge Proof (ZKP), and Trusted Execution Environment (TEE) to ensure security. It employs Dynamic Hidden Committees (DHCs), which are rotational committees of randomly elected nodes, to perform verification and signature tasks for cross-chain asset transfers, custodied asset invocation, and Oracle data uploads. The fields of application include bridges, restaking, and BTC-collateralized stablecoins. Bool Network also provides solutions for AI agent security and privacy through its Cryptographic Random Verification Agent (CRVA) network.Grant Funding
VC Funding
None
2024
$0
$2M