What is BounceBit? The "smart contract playground" for Bitcoin.
BounceBit is a Bitcoin staking chain based on the PoS (Proof of Stake) mechanism. Simply put, it not only allows you to deposit Bitcoin to earn interest, but it also provides a "playground" for running smart contracts on Bitcoin—which is not a native feature of Bitcoin!
Unlike the common Layer 2 solutions on the market, BounceBit operates within the Layer 1 ecosystem, using the PoS mechanism to make transactions faster and safer. It's like others are still stuck on the old road, while it has directly built a new expressway, fast and stable!
