Bitcoin L2 network BOB (Build on Bitcoin) announced the launch of the mainnet. It is currently in the first phase, with a TVL of over $300 million and access to over 40 DApps. In the next 2-3 weeks, more than 40 DApps will be connected.
The next phase of BOB's development goal is to implement Bitcoin proof of work through "merged mining". The third phase will introduce BitVM to achieve a secure BTC bridge similar to the Ethereum bridge.
In addition, the second season of BOB Fusion is about to be launched, and users can participate in the following ways:
• Bridge to BOB and provide TVL to DApps;
• Actively use BOB DApps;
• Participate in tasks on Galxe.