Valuation of the B² Network @BSquaredNetwork project listed on Binance TGE ❓What is B² Network? B² Network is a Bitcoin-based Layer 2 solution that aims to extend Bitcoin's functionality through zero-knowledge proof-of-the-box (ZK-Rollup) technology, increasing transaction speed and reducing fees. The following is a detailed introduction to the project, covering its core technology, ecological positioning, token economy and market prospects. 1⃣ Project Background and Objectives Positioning: B² Network is the first ZK-Rollup Layer 2 solution to implement the zero-knowledge proof verification promise on the Bitcoin network, with the goal of transforming Bitcoin from a single payment network to a dynamic platform that supports complex smart contracts, while retaining the security and decentralization of Bitcoin's Layer 1 nature. ⚠️ Problem solved: Bitcoin performance bottlenecks: Bitcoin has a low transaction per second (TPS) (about 7 transactions), a block interval of 10 minutes, and high transaction fees, making it difficult to support high-frequency applications. Turing incomplete: The Bitcoin scripting language is not Turing-complete, which limits the functionality of smart contracts and cannot directly support complex applications such as DeFi and NFTs. Ecosystem expansion: By introducing EVM compatibility and cross-chain functionality, B² Network attracts Ethereum ecosystem developers and expands the application scenarios of Bitcoin assets (such as BTC and BRC-20). 📷 Vision: Through modular architecture and ZK-Rollup technology, B² Network is committed to building an efficient, low-cost, and Layer 2 network that is consistent with Bitcoin's security model, reinvigorating the "builder culture" of the Bitcoin ecosystem. 📷 2⃣ Technical architecture B² Network adopts a modular blockchain design, combining the Bitcoin network with ZK-Rollup, and the core technical features are as follows: ZK-Rollup: As the execution layer, B² Network processes transactions off-chain and generates zero-knowledge proofs (ZK-Proof), and submits verification commitments to the Bitcoin network through a challenge-response mechanism to ensure transaction security and finality. B² Hub: Connects Rollups, Decentralized Storage, and the Bitcoin Network, and is responsible for the Data Availability (DA) Layer, Consensus Layer, and Settlement Layer. B² Hub stores rollup data in a decentralized storage protocol, aggregates data and proofs and writes them to the Bitcoin network, reducing the burden on the mainnet. EVM compatibility: The Ethereum Virtual Machine (EVM) is supported, allowing developers to directly migrate Ethereum dApps or use familiar tools (such as MetaMask and Solidity) to develop them, supporting the habits of more than 90% of crypto users. Account abstraction: Bitcoin addresses, Ethereum addresses, and email accounts are supported, lowering the barrier to entry for Web2 users and enhancing the user experience. Data Availability (DA) Layer: Combines the Bitcoin network and decentralized storage to provide a highly secure and low-cost data storage solution. 📷 Performance: B² Network transaction fees are 50 times lower and 300 times faster than Bitcoin mainnet, making it suitable for high-frequency, low-cost transaction scenarios. 3⃣B² Network Project Valuation Since B² Network has a total of 210 million tokens ($B 2). Comparison of competitive product valuations: Refer to the market value of Bitcoin Layer 2 projects (such as Stacks and MAP Protocol) that have been issued. Current TVL: B² Network TVL is $360 million, which is higher than Stacks (STX) and MAP Protocol TVL. Stacks (STX): $1.4 billion in FDV. Veteran project with strong investment background! MAP Protocol (MAP/MAPO): FDV about 47 million. Weak investment background. TVL is low! Therefore, on the whole, after B² Network launched TGE, Lao K estimated that the initial market value was about 200 million US dollars. The currency price is around $0.8-1.