Bitcoin'ssecurity budget layer.
Fair Mint 2.0, on Bitcoin mainnet.
Bitcoin's security budget needs a new floor.
The subsidy halves toward zero, and fees alone won't carry the chain. BIT Protocol makes that floor a protocol rule.
- 01 · The problem
Bitcoin's security budget is on a clock.
Miners earn from two streams: the block subsidy and transaction fees. Every halving cuts the subsidy, and by 2140 it hits zero — leaving a fee market that's volatile, often near-empty, and never load-tested as Bitcoin's only security funding. Nothing at the protocol layer steers value back to the people who secure the chain.
- 02 · What NAT started
NAT paid miners — one direction, and only when whales chose to give.
NAT, built with DMT on TAP, was a real attempt: minted on Bitcoin mainnet, no team allocation, every interaction paying a miner fee. But its reward pointed one way — straight to the Coinbase Output — so nodes, public goods, the community, and AI agents got nothing, and ecosystem funding ran on voluntary whale donations. A pool could even collect tokens for zero contribution and dump them. One outlet, one passive recipient, can't hold up a security budget layer.
- 03 · The fork
Fork the protocol. Route every block into eight fixed buckets.
BIT Protocol forks TAP at block 955,559 and upgrades distribution itself: every block's subsidy splits, by rule, into eight fixed channels at once — miners, solo miners, nodes, predecessor projects, ecosystem DAOs, public goods, the community, and AI agents. Pools must run an ord-dmt-bit node and stake $BIT before moving rewards, so taking the money means building the network.
A security budget layer, fixed at the protocol.
Eight buckets, every block.
From block 955,559, every block's subsidy splits — by rule, not by anyone's discretion — across the eight fixed channels below. Their ratios are governed by BitNode node votes.
Pools must build before they cash out.
A pool earns into its Coinbase Output, but to move that balance it has to run an ord-dmt-bit node — and staking $BIT binds nodes, indexing, and governance together. Mining BIT and building BIT become the same act.
The community is written into the protocol.
Community Grants reserves a share of every block for the people who grow the ecosystem. Communities propose, BitNode holders vote, and the winner draws the bucket for three months. Work and votes replace whale donations.
One fork. Eight buckets. Every block.
From block 955,559, every block's subsidy splits across the eight fixed channels at once — no opt-in, no deployer switches. Their ratios are governed by BitNode node votes.
- 01Miners
Coinbase Output
Guards Bitcoin's security, carrying forward NAT's mission of paying hashrate on-chain.
- 02Solo miners
Solo Coinbase Output
Pays solo blocks to counter pool centralization and keep the base decentralized.
- 03Nodes & governance
BitNode Fund
Funds the node network, indexing, and governance. Pools must run a node and stake BIT to move rewards.
- 04Predecessor projects
Cross-Token Tribute
Routes a share straight to a predecessor project's wallet. Automatic, on-chain, no bridge.
- 05Ecosystem projects
Project DAOs
A long-term building fund for high-quality ecosystem projects.
- 06Public goods
Public Goods Fund
Browsers, indexers, wallet adapters, and open-source tooling.
- 07Community
Community Grants
A grant pool decided by proposal and vote, on a 3-month rolling cycle.
- 08AI agents
AI Agent Treasuries
Reserved budget for AI × BTC native applications.
{/* after the fork, new inscriptions index only under BIT */"p": "bit"/* pre-fork "p": "tap" inscriptions stay indexed as before */}
- A single protocol-wide hard fork at block 955,559 — not a per-token opt-in.
- Every block flows into all eight buckets at once; the set is fixed, not deployer-chosen.
- Ratios, rules, and upgrades are decided by BitNode votes, with staked BIT as the credential.
- Pools earn into Coinbase Output but must run an ord-dmt-bit node to move those rewards.
After the fork, DMT-BIT recognizes only BIT Protocol.
An inscription is bound to a single UTXO. Move it in an environment that doesn't recognize BIT Protocol — an old TAP tool, an uncertified market, an ordinary BTC wallet — and the protocol reads the balance as zero, with no way back. Trade only on BitDEX or an officially certified market.
What the budget pays for.
A durable floor under Bitcoin's security.
Pay the block winner
Every block sends a share to the miners who produced it — paying hashrate by rule, not by goodwill.
Reward solo miners
A dedicated channel pays solo blocks, pushing back on pool centralization.
Make pools build
Pools must run an ord-dmt-bit node and stake $BIT before moving rewards — collecting the money means running the network.
Fund public goods by rule
Browsers, indexers, wallet adapters, and open-source tooling, paid from every block.
Past, present, and future, written in.
Tribute predecessors
Cross-Token Tribute routes a share straight to a predecessor project's wallet — automatic, on-chain, no bridge.
Back real projects
A long-term building fund for high-quality ecosystem projects, allocated by BitNode governance.
Reward community work
Communities propose, BitNode holders vote, and the winner holds the bucket for three months. Build, don't donate.
Seed AI-agent economies
Reserved budget for AI agents acting as on-chain economic actors.
How it activates.
BIT Protocol forks from TAP at a fixed Bitcoin block. From 955,559 onward the Eight Buckets run, then the BitNode network and on-chain governance come online.
Fork activation — block 955,559
- BIT Protocol fork-activates at Bitcoin block height 955,559
- Official protocol site and BitDEX live at the same height
- The Eight Buckets allocation runs in full
- ord-dmt-bit is the authoritative indexer through the transition
BitNode network and governance
- The BitNode node network rolls out to pools, institutions, and individuals
- Pools run an ord-dmt-bit node and stake $BIT to release rewards
- On-chain governance: bucket parameters and grant cycles by BitNode vote
- Staking $BIT earns a BitNode Fund revenue share and a vote
Cross-chain reach
- A cross-chain bridge maps DMT-BIT assets to ETH, BSC, and SOL
- Settlement stays anchored to Bitcoin mainnet — bridging is asset mapping only
- Reserved interfaces open for AI Agent admission and new buckets
- Every new asset and fill adds a miner fee plus an Eight Buckets split
$BIT— the native token.Staked to run nodes, vote, and earn.
$BIT is the protocol's binding mechanism — one token for doing the work, governing the rules, and earning the yield. Stake it to run a BitNode node, validate indexing data, and take a share of BitNode Fund revenue; staking also carries a vote on the Eight Buckets ratios, Community Grants, and what the protocol funds next. $BIT trades on BitDEX, where every fill is a Bitcoin transaction that pays a miner fee and feeds the buckets. Allocation ratios and staking parameters are published in the BITpaper.
Questions.
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