Bit Loop’s mission is to provide users with the highest level of security. The entire operating model behind it is based on a stand-alone program that runs indefinitely. No one, not even the creator, can control its workings. All transactions are conducted peer-to-peer, from one personal wallet to another or multiple wallets. There is no need to “give up” because there is nothing to give up. The funds are already in your wallet and cannot be tampered with by anyone, not even the founders and developers, as smart contracts are irreversible in nature. Bit Loop smart contracts keep private keys safe and verify every transaction. Simply put, smart contracts provide a safe, simple, and convenient user experience, allowing you to fully control your assets and freely enjoy the convenience of decentralized finance. Bit Loop will be running as long as the Internet exists.
The Bit Loop smart lending contract uses the world’s most advanced pancast technology and the safest smart contract technology to gather circulating funds in the form of liquidity, calculate the dividend bonus pool based on the algorithm, and use smart contracts to transfer funds to the circulating players. Funds interact with the borrower’s order agreement. The Bit Loop smart contract lending protocol allocates the funds of circulation participants to the borrower’s wallet protocol address point-to-point, ensuring that the funds of circulation participants achieve zero risk loss. When a market user initiates a loan order in the Bit Loop smart contract, the smart contract will generate 100 anonymous supervision nodes and jointly generate two supervision private keys. The contract will automatically allocate trading orders between circulators and borrowers. Through multi-signature technology, two private keys and the borrower jointly create a multi-signature lending contract to safely conduct peer-to-peer financial activities. Smart contracts realize full automated management, and the entire technical infrastructure is based on the operation of smart contracts that cannot be tampered with. , operates independently, all data is automatically executed on the public chain without human control, the wallet address is automatically identified, no withdrawal is required, and the proceeds are automatically transferred to the wallet on the chain.
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