BIFROST- MultiChain Evm

Coinstamp
2 min readNov 11, 2022

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Hi Everyone,

Dohyun Pak, Jonghyup Lee, and Changhyun Yoo launched BIFROST in 2017 with the aim of creating a multichain middleware platform that enables developers to build Decentralized Apps (DApps) on top of several protocols. These founders also have strong backgrounds in finance and computer science.

As a middleware platform, BIFROST initially allowed programmers to build Decentralized Applications (DApps) on top of various protocols. Developers can combine the best protocols in a new environment thanks to BIFROST, which is not limited to a single blockchain.

Following a $3.3 million early investment from some of the largest equity companies in South Korea, including Korea Investment Partners Co., Ltd., STIC Ventures, and other significant investors, BIFROST recently raised $8.4 million.

Decentralized Applications (DApps) can be built using the middleware platform Bifrost on top of various protocols. Bifrost, which is not limited to a single Blockchain, establishes a new setting where programmers can mix the best protocols.

BIFROST Today

The BIFROST Incentivized Testnet (BIT), will run for a total of 4 weeks with just 200 validators chosen from more than 10,000 applications. Participants will be required to complete tasks every week that are intended to test different aspects of the network and advance the BIFROST ecosystem.

List of tasks

You can read details about this project here: https://medium.com/bifrost/everything-you-need-to-know-about-bifrost-8f8943107ace

To stay updated on BIFROST, connect with us on Discord, Telegram, Twitter and check our website for more information.

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