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.
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.
BOB Price Analysis
As of November 25 2024 BOB has a marketcap of $6.8M.
This is {{percentagefromath}} from its all time high of $1.94.
In terms of its tokenomics, there's a total supply of 21M with 100% currently outstanding.
Keep in mind BOB has a fully diluted value of $6.8M which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude
