Welcome to Dualbit

Unlocking DRC20 on EVM networks

Introduction

Dualbit Protocol is an innovative endeavor aiming to unify the liquidity amongst Doge network (DOGE) and EVM networks.

Dualbit Bridge offers a secure and efficient bridging mechanism to allow for seamless transfers of tokens between the ETH chain and DOGE network. Bridging ERC20 tokens with DRC20 tokens, the Dualbit Bridge enhances the liquidity of DRC20 tokens and promotes the growth and development of the Doge ecosystem.

Merging Value with Versatility

Dualbit envisions leading the vanguard in cross-chain transfers across the blockchain universe. We are dedicated to ceaseless innovation and technological enhancements, all with the primary goal of providing a secure, efficient, and seamless cross-chain transfer experience for users.

Dualbit interweaves the robust store of value characteristic of Bitcoin with the programmability of Ethereum's EVM networks. Enhancing Bitcoin's utility through interoperability, Dualbit aims to enrich the Ethereum ecosystem with a stable, significant assets. Spurring innovation and amplifying the potential of decentralized applications and DeFi. This symbiotic merger holds the promise of creating a vibrant, interconnected blockchain landscape, sparking a new era of growth in the crypto space driven by DRC20s.

DRC20

The DRC-20 “token standard: is an experimental fungible token created using Ordinals and Inscriptions and saved on the doge base chain. It utilises DRC20 inscriptions of JSON data to deploy token contracts, mint tokens, and transfer tokens.

This is not a token standard like you’re used to with EVM chains, which create smart contracts that manage the token standard and its various rules, but simply is a way to store a script file in dogecoin and use that file as a way to attribute tokens to shibes and then allow them to move from one user to another.

Bridging DRC20 to Ethereum Ecosystem

Dualbit seamlessly bridges the gap between dogecoin ecosystem and EVM blockchains.

Token Deposit

The journey begins when you deposit your DRC-20 tokens into a unique address provided by the Dualbit Protocol. Dualbit verifies the token deposits transactions.

Token Minting

Following a successful verification, the Dualbit Protocol gets into action and mints an equivalent amount of tokens on Ethereum chain.

Security

Periodically, the Dualbit Protocol gathers up tokens from all the unique addresses it's given out. These tokens are securely moved to a unified cold wallet.

Token Withdrawal

When you're ready to withdraw your tokens, the Dualbit Protocol will remove (or "burn") the corresponding amount of tokens from the EVM chain. It then transfers an equivalent value from the secure cold wallet back to you.