Bifrost is a platform that allows developers to build Decentralized Applications (DApps) on multiple protocols. Unlike traditional platforms, Bifrost is not limited to a single blockchain, which provides developers with the ability to leverage the strengths of various protocols to create highly scalable and flexible DApps.

Bifrost is a multichain middleware platform that enables developers to create Decentralized Applications (DApps) on top of multiple protocols. Bifrost creates an environment where developers can combine the best protocols to develop more scalable and flexible DApps.

Developers can write smart contracts for multiple blockchain protocols in a unified environment. Bifrost transpiles, compiles, and deploys the code into the target blockchains at once. Developers can also easily operate their DApps and switch the target blockchain as new protocols become available.

Bifrost has multiple components that allow for a seamless connection among all blockchains:

• Recipe: A language application that defines the programming language of Bifrost and generates smart contract codes with guaranteed code-level flexibility.
• Linker: A system that connects the user and Bifrost components, ensuring seamless operation on top of multiple blockchains.
• Builder: An Integrated Development Environment (IDE) that offers a customized environment to use the comprehensive suite of features of Bifrost.
• Gourmet: An automated testing environment for Bifrost service and smart contract development, updating with the latest technologies for blockchain.
• Scan: A dashboard that provides a full view of the internal process of Bifrost and shows blockchain interconnectivity in a diagram.

• Flexibility: Bifrost enables users to select and combine blockchains, maximizing the potential of blockchain technology.
• Scalability: Bifrost operates with multiple blockchains without additional abstraction layers, allowing direct use of each blockchain's features.
• Interoperability: Bifrost allows for countless possibilities of combinations and interoperability from the start.
• Full Dev Suite: Bifrost provides a comprehensive suite of features, including an IDE, monitoring function, and client service such as wallets.

BFC (Bifrost token) is the currency of Bifrosts multichain ecosystem. Developers pay BFC for using the multichain middleware to develop and operate their DApps, minimizing the cost of gas fees when using multiple blockchain protocols. They will be required to stake a certain amount of BFC, and the fees will be deducted from it. Once the staked amount reaches below a threshold level, they will be asked to purchase BFC to meet the threshold again.

The first DApp powered by Bifrost is the multichain DeFi platform, BiFi. BiFi connects directly to multiple blockchains like Bitcoin, Tron, and Klaytn, expanding the DeFi ecosystem beyond Ethereum. BiFi has its own token, BIFI, used for governance and paying fees for using multichain DeFi services. As BiFi's multichain is powered by Bifrost, BiFi periodically purchases BFC with BIFI and pays it to Bifrost.

Bifrost continues to develop more features tailored to DeFi DApp development and serving multichain DeFi developers in the future. When DApp sectors like DID, NFT, and Gaming grow, Bifrost aims to become the preeminent multichain platform. Future DApp developers will be able to customize the combination of blockchains to build more scalable, interoperable, and flexible DApps, using BFC to power them.

A total of 4 billion BFC tokens were issued. Currently, 256 million BFC tokens are in circulation since the Uniswap listing on December 2nd, 2020 at 11 AM UTC. Two rounds of private sales were held in 2018 and 2019, and a public sale was held in June 2020.

Of the total supply of BFC tokens, 20% is allocated to each of the following: Bifrost Reserve, Ecosystem, and Team. 4% is distributed to investors, and the remaining 10.4% is used for marketing. BFC tokens for the Reserve, Ecosystem, Team, and Advisors will be distributed over a 5-year span, with a 1-year lock-up and a 4-year vesting period.

Founded on March 14, 2016, PiLab, a research-oriented software provider, was started by two professors to develop blockchain applications. They created Bifrost, a technology platform that allows developers to easily build on multiple blockchains.

Dohyun Pak, CEO and co-founder of Bifrost, has over a decade of experience in developing and managing complex derivative products for financial institutions. He received his PhD in financial engineering at the University of Michigan, Ann Arbor.

JongHyup Lee, CTO and co-founder of Bifrost, is a professor of mathematical finance at Gachon University. He has presented his research at top-tier conferences and co-founded PPP, a leading hacking team.

Changhyun Yoo, COO and co-founder of Bifrost, has developed financial platforms for leading financial institutions for over a decade. He co-founded Bifrost with a belief in the future of finance in blockchain.

Soso, CMO and co-founder of Bifrost, was previously a medical doctor and is now one of the leading cryptocurrency influencers in Korea. He founded Block Crafters Capital, a blockchain-focused venture capital.

Bifrost is a team of 30 with extensive experience in finance and computer science. Their advisors are from leading blockchain and technology organizations.

You can buy BFC on Uniswap with the trading pair BFC-ETH.

If you are new to cryptocurrency, you can read BYDFis easy guide to buying Bitcoin or any other token.