BOB.fun Blockchain-on-Blockchain ✨
What is Blockchain-on-Blockchain?
Blockchain-on-Blockchain (BOB) is a new blockchain built on top of another blockchain called ICP. It’s like a special layer on an existing system. BOB creates a secure digital record book that uses ICP’s network for safety.
How does BOB work?
BOB uses a system called ‘proof-of-on-chain-work’:
- You deploy your own smart contract (canister) at bob.fun.
- This program solves math problems (hashes).
- Main computers (mother nodes) give out these problems.
- Miners solve the problems and tell the mother node.
- If correct, the mother node adds a new block to the blockchain.
- The winning miner gets BOB tokens as a reward.
Initial parameters
- Block reward: 600 BOB
- BOB supply: 21 million
- Halving: Every 17’500 blocks
- Halving expected every 24 days
Mining details
At the current speed of 6B hash/s, and with 1000 miners, the average time to mine a block is 2 minutes. There’s no limit on the number of miners. Miners are chosen by the mother node after paying a fee.
Costs and speed
- On ICP, $1 buys 1T cycles (fuel for the program).
- A miner’s program uses 1T cycles per day at full speed.
- Miners choose their speed, affecting daily solved problems.
- Each message contains 6,000,000 solved problems.
- If a miner’s program runs out of cycles, it stops until refueled.
Getting started
- Go to bob.fun.
- Add ICP to your treasury.
- Create a new miner.
- You are done, welcome!
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