Dual Token PoS: How BounceBit Utilizes $BB and $BBTC to Build Network Security
A secure Layer 1 network is the foundation for the prosperity of all upper-layer applications. BounceBit has cleverly designed its consensus mechanism, introducing an innovative dual-token Proof of Stake (PoS) system. In this system, network validators are required to stake two types of tokens simultaneously: $BBTC and BB. BB. BBTC is the 1:1 pegged asset of the Bitcoin deposited by users on the BounceBit chain, representing the total locked value (TVL) of the network and the primary asset base. On the other hand, BB is BounceBit's native platform token, used for paying gas fees, participating in governance, and serving as one of the staking assets for validators. This dual-token staking mechanism creates a more robust and resilient security model. On one hand, requiring the staking of $BBTC ensures that the interests of validators are deeply tied to the value of the entire network's assets, as they themselves are the main holders of the network's assets. On the other hand, staking the native token $BB B increases the cost of attacks on the network, endowing the token itself with core security utility. This mechanism not only protects the network from malicious attacks but also fosters a symbiotic relationship between the native token and mainstream assets (BTC), jointly supporting the long-term stability and development of the BounceBit ecosystem.
