Market Data & Token Stats
| Fully Diluted Valuation | $1.53M |
|---|---|
| 24H Trading Volume | $764 |
| 24H Low / High | $0.07183 / $0.07552 |
| Circulating Supply | 21.00M |
| Total Supply | 21.00M |
| Max Supply | 21.00M |
Key Project Information
| Categories | Meme 6 more |
|---|---|
| Founder | Anonymous |
| Website | bob.fun |
| Socials | |
| Chains | Ethereum Ecosystem 3 more |
| Explorer | Etherscan 5 more |
| Contracts |
0xecc....c9c89
3 more
|
OGAudit Security Evaluation & Social Audit Metrics
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BOB (bob) Expert User Reviews
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$bob Markets
| Name | Pair | OG Score |
|---|
About BOB
BOB $BOB is a revolutionary blockchain protocol built on top of the Internet Computer Protocol (ICP). Acting as a secure and efficient digital ledger, BOB $BOB utilizes ICP’s network for reliability, offering novel functionalities like a distinctive proof-of-on-chain-work system. By establishing itself as an additional blockchain layer, BOB $BOB reshapes blockchain mining and decentralization.
Project Overview
At its core, BOB $BOB introduces a unique mechanism that enables users to leverage ICP’s infrastructure for creating a seamless, decentralized mining environment. The platform empowers participants to deploy their own smart contracts, known as canisters, that generate proofs of work for blockchain expansion. Through this system, BOB $BOB integrates accessibility, scalability and fair distribution of rewards.
Key Initial Parameters
Block Reward: 600 BOB
Total Supply: 21 million BOB $BOB
Halving Schedule: Every 17,500 blocks (approximately 88 days)
How BOB $BOB Works
The innovative proof-of-on-chain-work system powers BOB $BOB, enabling a decentralized yet efficient blockchain-building process. Here’s how it operates:
Smart Contract Deployment: Users deploy their own smart contracts (canisters) on the platform through bob.fun.
Proof of Work Generation: These canisters compute and submit proofs of work.
Validation through the Mother Node: The mother node aggregates all the submitted proofs. If valid, the node appends a new block to the blockchain.
Rewards System: The miner responsible for the winning proof of work receives BOB tokens as a reward.
Mining Dynamics and Features
BOB $BOB introduces a fair and accessible mining experience with these key features:
Mining Time: With a hash rate of 6M hash/s and 1,000 miners, the average block mining time is 432 seconds.
Unlimited Participation: There are no restrictions on the number of miners.
Fee-Based Selection: Miners are selected by the mother node upon payment of a fee.
Cost Efficiency is another defining feature. The platform leverages ICP’s cycle-based fuel system:
Cycle Pricing: $1 buys 1 trillion cycles for running programs.
Daily Cost: Mining programs utilize 1 trillion cycles per day at full capacity.
Efficiency in Production: Each message includes 6,000,000 solved problems, ensuring high performance.
Flexible Operations: Miners can adjust their speed to balance cycle usage and rewards.
Use Cases
BOB $BOB provides practical applications and benefits that cater to blockchain users and contributors:
Decentralized Mining: A transparent mechanism for users to participate in mining activities without traditional barriers.
Blockchain Expansion: An efficient framework for adding blocks securely and reliably.
User-Friendly Access: A streamlined process for deploying canisters and starting mining operations.
How to Get Started
Getting started with BOB $BOB is simple and intuitive:
Visit bob.fun to access the platform.
Add ICP tokens to your treasury to fund mining.
Deploy a new miner by creating your canister.
Begin mining and contributing to the blockchain!
Conclusion
BOB $BOB is redefining blockchain innovation through its layered approach on top of ICP. With its unique proof-of-on-chain-work system, fair mining parameters and user-centric design, BOB $BOB is paving the way for the next generation of decentralized networks.
What is unique about BOB (BOB)?
BOB $BOB introduces a proof-of-on-chain-work system, creating a blockchain using ICP's infrastructure for security and scalability.
Who are the founders of BOB (BOB)?
The founders are anonymous.
Information in this section carefully collected and curated from publicly available data from official sources, including the BOB Official Website and BOB X (Twitter) Account.
The information presented on this page is created and published by the OGAudit Editorial Team for educational and informational purposes. It should NOT be construed as an endorsement, or as legal, or investment advice. If you believe any content on this page is outdated or incorrect, please feel free to contact us for updates and corrections.
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