Bifrost (BFC)
What Is Bifrost (BFC)?
Bifrost (BFC) is a multi-chain interface platform that encourages developers to smoothly operate on multiple blockchain protocols. The Bifrost functions straight away on the smart contract level with zero limitations on adding more protocols. Smart contracts are just like regular contracts; however, instead of being drafted on paper, these contracts run in the form of protocols on the blockchain. Presently, the platform can connect to Ethereum, Tron, Metadium, and Bitcoin with few limitations on which the network is working to fix the same. Tron is a decentralized blockchain-based digital platform, whereas Metadium is an ecosystem created on a public identity blockchain. Bifrost aims to turn the assurances of the blockchain into reality.
According to its whitepaper, the Bifrost seeks to solve the problems of decentralization, safety, and reliability at the protocol level. The Bifrost platform has the following benefit for the users:
Flexibility: Bifrost focuses on flexibility to expand the potential of blockchain technology.
Scalability: The network functions with multiple blockchains without any inference coatings, so users can instantly use the features of each blockchain.
Interoperability: Bifrost permits users to produce services with numerous opportunities for combinations and interoperability from the beginning.
Full Dev Suite: Bifrost delivers a full suite of features to develop and run your product. It also includes monitoring functions and client services such as wallets.
Further, BFC is a native token that resides in the current blockchain of the Bifrost platform current blockchain. BFC token is a platform-wide token that allows any Dapp in the platform to use it. The platform-wide token system offers an integrated mechanism of Bifrost Linkers to control parts of Dapps. The Linker functions as a relaying representative that upholds shared data between the components and helps cross-functional linkages.
History of Bifrost (BFC)
Dohyun Pak, JongHyup Lee, and Changhyun Yoo have co-founded the Bifrost platform. Dohyun Pak serves as the Chief Executive Officer (CEO) at Bifrost, and JongHyup Lee operates as Chief Technology Officer (CTO). In contrast, Changhyun Yoo performs as Chief Operating Officer (COO). The total supply of the BFC tokens is 4,000,000,000.
