How Does BounceBit Work?
BounceBit operates on a Dual-Token PoS consensus mechanism, where validators are required to stake both BTC and BB tokens. This hybrid model leverages Bitcoin's deep liquidity and low volatility while incorporating BB to enhance network security and resilience. Validators record and verify transactions on the network, receiving transaction fees as rewards. The dual-token system mitigates risks associated with market volatility, ensuring a stable and robust network.
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{spot}(BBUSDT)