### What is Prosper?

Prosper is a decentralised protocol that bridges institutional-grade Bitcoin mining power on-chain, aiming to unlock the potential of Bitcoin by increasing decentralisation and community participation.

### How does Prosper work?

Prosper operates by integrating institutional-grade Bitcoin mining power on-chain. This approach involves directly owning the underlying hashrate that backs the token supply, allowing for governance through community participation. Token holders can take part in governance decisions, stake to receive Bitcoin rewards, and contribute to the ecosystem's development.

### What are the potential use cases for Prosper?

Prosper's potential use cases include integrating Bitcoin mining power on-chain and furthering the decentralisation of the Bitcoin network. Initially designed for prediction markets, Prosper now focuses on allowing community-driven participation and ownership in the Bitcoin mining process. The project is also used for governance and staking, where token holders can earn rewards and have a say in future developments.

### What is the history of Prosper?

Prosper was initially founded as a non-custodial, cross-chain prediction market and hedging platform by Vladislavs Semjonovs. It was later acquired by Animoca Brands in 2021, which marked a strategic pivot towards integrating Bitcoin mining power on-chain. This shift in focus is supported by investments from prominent entities like BIT Mining Limited and Waterdrip Capital. The project now emphasizes leveraging Bitcoin's network decentralisation and community involvement.

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