Technical Framework
BitoroCore L1 is open-source and supports the continuous improvement and expansion of the Bitoro Network DEX and DeFi builder ecosystem.
DECENTRALIZED | HIGH-PERFORMANCE | CROSS-CHAIN | USER-CENTRIC
🔥CORE FEATURES OF BITOROCORE L1 🔥
💡CONSENSUS MECHANISM
Highly Secure Consensus Algorithm: BitoroCore is powered by the CometBFT, which employs the efficient Tendermint consensus algorithm, a Byzantine Fault Tolerant (BFT) protocol (Proof-of-Stake algorithm).
💡HIGH PERFORMANCE
Rapid Throughput (Transactions Per Second): Tendermint-based systems can achieve 10,000 TPS with optimal settings.
Rapid Consensus and Block Finality: BitoroCore provides instant finality once a block is committed without the need for multiple confirmations. This powers our DEX’s rapid transaction settlements for real-time latency-sensitive trading.
💡SCALABILITY
Scalability: BitoroCore is designed for high performance and supports further scaling using off-chain solutions or Layer 2 integrations.
💡INTEROPERABILITY
Interoperability: BitoroCore allows seamless cross-chain communication via the Inter-Blockchain Communication (IBC) protocol, which includes more than 115 networks, as well as connections with EVM chains (e.g., Ethereum) and non-EVM chains (e.g., Polkadot, Kusama, and Solana). Connections to other major blockchain ecosystems (e.g., Polygon and Avalanche) are also underway.
This enables traders on our native DEX to access the on-chain liquidity of other blockchain ecosystems and atomic swaps for cross-chain transactions.
💡DEVELOPER & USER EXPERIENCE
Development Tools and SDKs: BitoroCore supports the Application Blockchain Interface (ABCI), allowing developers to build applications in various programming languages. The Cosmos SDK, primarily written in Go, is a popular framework for building applications on top of CometBFT.
Developer-Friendliness: The underlying CometBFT infrastructure of BitoroCore offers comprehensive documentation and an active community, making it accessible for developers. The modular architecture and Cosmos SDK allows flexibility and simplifies development, offering prebuilt modules for DeFi functionality.
Smart Contracts: Developers on BitoroCore can implement smart contracts via modules to deploy interoperable smart contracts that integrate seamlessly across EVM and non-EVM blockchains. This can be done by integrating virtual machines like CosmWasm (a smart contract engine for the Cosmos ecosystem) for WebAssembly-based smart contracts or Ethermint for EVM-based smart contracts.
💡DEX SPECIFIC FEATURES
DApp Customization & Optimization: BitoroCore provides the consensus engine and DEX-specific functionalities like liquidity pools or automated market maker (AMM). Using the Cosmos SDK, API tooling, or other frameworks trader experience can be fine-tuned for optimal DEX performance.
Bitoro Network DEX Features: BitoroCore powers user-centric features on our native DEX, including: advanced order types, a trading analytics dashboard, on-chain strategy automation, cross-chain trading, risk management tools, and beyond.
Maximum Extractable Value (MEV) Resistance: BitoroCore powers the built-in MEV resistance of our native DEX for fair transaction ordering and improved user experience. This includes off-chain matching, no memepool visibility and atomic settlement.
💡NETWORK SECURITY FEATURES
Highly Secure: BitoroCore’s BFT consensus is resilient against common attacks, tolerating up to one-third of validators exhibiting malicious behaviour without impacting consensus integrity. Cryptographic authentication and a robust peer-to-peer network further enhance security.
Decentralized Validators: Our highly decentralized active set of validators are selected from the Bitoro ecosystem based on staking, delegation and community governance voting. They are incentivized via aligned reward and penalty mechanisms to maintain optimal network security and performance.
Audits: BitoroCore's codebase is fully open-source and audited, allowing for community audits and encouraging transparency via collaborative security assessments.
💡DECENTRALIZATION AND GOVERNANCE
Network Decentralization: BitoroCore supports a large number of validators to ensure decentralization without sacrificing network performance.
Governance Model: The BitoroCore ecosystem employs community governance via on-chain proposals and voting by BTORO holders, allowing for decentralized decision-making for protocol upgrades and project changes.
Flexibility in Governance Design: BitoroCore can adapt governance mechanisms to the specific needs of its ecosystem and platforms, enabling adaptability to market and regulatory changes.
Decentralized Order Book: BitoroCore enables fully decentralized on-chain order books, which enhances security by reducing risks like front-running and manipulative practices.
Censorship Resistance: Validators cannot prevent transaction inclusion indefinitely. The protocol ensures liveness by proposing blocks cyclically.
💡ECONOMIC AND INCENTIVE DESIGN
Transaction Fees: BitoroCore transaction fee structures may be determined at the application layer. For our native Dex, we have designed fee mechanisms that are predictable and competitively low, suitable for high-frequency trading and essential for liquidity and trader retention.
Fees are based on transaction size and gas usage. During congestion, fees rise dynamically as validators prioritize transactions with higher gas prices. This ensures network efficiency but may impact cost-sensitive users.
Validators: A portion of the transaction fees goes to active validators to incentivize optimal transaction processing and validation.
Delegators: A share of transaction fees also goes to delegators proportional to their stake with the validator.
Community Pool: A share of fees goes to a community pool, used to fund development, grants, or ecosystem initiatives.
Tokenomics and Incentives: BitoroCore allows for the implementation of custom tokenomics. Like the Cosmos ecosystem, staking and delegation are likely to be a common feature of BitoroCore, providing incentives for validators and delegators, which can be adapted for DEX platforms to encourage liquidity provision and participation. See here for BTX tokenomics.
Support for Token Issuance and Staking: BitoroCore supports token issuance and staking mechanisms through application-layer implementations for builders.
💡RELIABILITY AND RESILIENCE
Network Uptime: BitoroCore is designed for high availability, with mechanisms to handle validator failures efficiently, ensuring continuous network operation as long as less than one-third of validators are faulty. The CometBFT infrastructure of BitoroCore has high uptime (>99.99%) with robust validator failover mechanisms.
Handling Chain Halts and Forks: Chain halts are rare but can occur if a supermajority of validators become unresponsive or if there are severe network disruptions. BitoroCore has mechanisms to restart the network by agreeing on a new state. Forks are highly unlikely due to its deterministic finality, but in edge cases, community governance or protocol-defined recovery mechanisms can address discrepancies. Forks are prevented through strict consensus rules, and recovery tools address accidental divergences.
Stress Test Examples: Stress tests conducted on Tendermint-based systems such as BitoroCore have shown robust performance under high transaction loads.
💡CUSTOMIZATION AND MODULARITY
Customisability: BitoroCore is highly modular. Developers can use it as a consensus engine while implementing custom application logic on top. The Cosmos SDK provides a framework for building modular applications, allowing developers to include only the features they need (e.g., staking, governance, token issuance).
Advanced DEX Features: Developers can implement advanced DEX functionalities such as Automated Market Makers (AMMs), dynamic fee structures, and synthetic asset creation at the application layer. Integration with CosmWasm allows the deployment of WebAssembly-based smart contracts for added flexibility.
Support for Hybrid Deployments: BitoroCore can support permissioned or hybrid networks, making it suitable for private markets or institutional use cases. Developers can configure access controls and privacy settings as needed.
💡ECOSYSTEM AND COMMUNITY
Developer and Validator Community: BitoroCore benefits from the active and vibrant Cosmos ecosystem, which includes developers, validators, and projects that provide strong support for DEX development. This ecosystem provides extensive resources, such as forums, documentation, and tutorials.
Developer Resources: Builders have access to SDKs and documentation, developer forums, code contributions (e.g., modules), experienced validators, education resources, community pools to fund development (e.g., BItoro Foundation), ecosystem collaborations, an active community, and technical tooling.
Successful Case Studies: Notable projects using the same Tendermint/CometBFT infrastructure as BitoroCore include the Cosmos Hub, Osmosis (a DEX), Binance Chain, DYDX, and Terra (prior to its collapse). These projects demonstrate its viability for building scalable and interoperable blockchain applications.
Infrastructure Support: The CometBFT ecosystem that BitoroCore is part of includes partnerships with key infrastructure providers that are essential for other DEX platforms, such as:
Oracle networks (e.g., Chainlink) to ensure accurate market data
Stablecoins to support market liquidity
Well-established SDKs for developers
Wallet providers enabling seamless self-custody for traders
Custodial services
💡MONITORING AND MAINTENANCE
Monitoring Tools: BitoroCore supports telemetry and monitoring tools such as Prometheus for real-time network performance metrics. This allows developers and validators to track key performance indicators like block times, transaction throughput, and system health.
Debugging and Troubleshooting: Tools such as Tendermint Core CLI and logs are available for debugging. Comprehensive documentation and an active developer community also assist in troubleshooting.
Update and Patch Management: Bitoro’s underlying CometBFT infrastructure has a well-documented update process. Protocol upgrades can be managed through governance proposals, ensuring that changes are made transparently and with community consensus.
BitoroCore upgrades are managed through state migrations and are typically non-disruptive. BitoroCore’s roadmap includes improvements for scalability and interoperability to align with evolving DEX needs.
💡COST & RESOURCE EFFICIENCY
Node Operation Costs: Operating a validator node on BitoroCore is resource-efficient. Requirements include a reliable internet connection, CPU, RAM, and disk space, which vary depending on the application.
Energy Efficiency: BitoroCore’s proof-of-stake consensus mechanism is energy-efficient as it does not rely on computationally intensive mining.
💡REGULATORY & COMPLIANCE
Compliance Tools: Developers can readily build or integrate modules for KYC/AML checks, such as identity verification solutions and transaction monitoring systems, to meet regulatory requirements.
On-Chain Identity and Privacy: On-chain identity mechanisms can be implemented via additional layers or modules, such as decentralized identity (DID) solutions. Privacy-preserving techniques like zero-knowledge proofs can also be integrated for sensitive data protection. Transactions are auditable on-chain, with optional privacy through threshold cryptography or zk-SNARKs.
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