I just came across this platform known as Build On Bitcoin (BOB). But it yet to come up with a token

Layer-2 blockchain network Build on Bitcoin (BOB) has rolled out a major technical upgrade that brings it closer to getting a fully decentralized mark on L2Beat, a platform that ranks the maturity and decentralization of layer-2 networks. 

BOB, which aims to bring Ethereum-style decentralized finance (DeFi) capabilities to Bitcoin, has implemented zero-knowledge (ZK) fraud proofs within an optimistic rollup framework. 

This means that BOB is using an optimistic rollup structure but replaces the traditional and slow fraud-checking process with faster ZK fraud proofs,  a shift that allows transaction disputes to be resolved in minutes using cryptographic proofs.

The new implementation aims to lower friction for users and reduce the barrier to participation in securing the network. 

Build on Bitcoin joins the full decentralization race

BOB co-founder, Alexei Zamyatin, told Cointelegraph that its new Kailua upgrade brings the blockchain to stage 0 on the L2Beat platform, allowing it to join 24 other protocols in the rollup rankings on the platform. 

“This upgrade will take BOB to stage 0 on L2BEAT,” Zamyatin told Cointelegraph. “It’s then a relatively short jump to achieve stages 1 and 2.”