What is OroBit?

OroBit is a protocol based on Bitcoin, utilizing the Bitcoin Layer 1 and Lightning Network for its operations. It features a Smart Contract Language (SCL) Protocol that facilitates the tokenization and transfer of real-world assets, including gold, real estate, and commodities.

The primary focus of OroBit is to enable programmable finance and to enhance the capabilities of tokenized assets. Its architecture allows for secure transactions and advanced programmability within the Bitcoin ecosystem. Specific details regarding its founding year, governance model, and supply cap are not provided.