- BounceBit has announced its 2024 roadmap.
- The roadmap outlined various ambitious initiatives the project aims to implement this year.
- Notably, BounceBit ruled out some emerging trends from its plan.
Binance-backed Bitcoin restaking startup BounceBit announced an ambitious roadmap on Monday, outlining various initiatives it plans to implement this year.
The project explicitly noted that it does not aim to “act as a sidechain to the Bitcoin Network” or jump on “temporary hype” trends like runes and BRC-20 tokens. Instead, BounceBit plans to take an asset-driven approach, primarily focused on the BTC ecosystem.
No Plans for Bitcoin Layer 2
According to a May 20 blog post, BounceBit’s roadmap aims to bring a “fresh perspective” into the industry by integrating the best aspects of centralized finance (CeFi) and the innovative potential of decentralized finance (DeFi).
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In the plan, the project has sidelined the possibility of building a Layer 2 chain on the BTC network, noting that such solutions have “no substantial demand” and that emerging trends like Runes and BRC-20 tokens often fail to address long-term needs.
“Our goal is to build infrastructure for Bitcoin as an asset, enhancing its utility without altering its core technology.” BounceBit said. “You might not agree, the market might not agree, and that’s fine, we are venturing this road anyway.”
Instead of developing another network, the project will implement several upgrades to its proof-of-stake layer-1 chain.
BounceBit Chain Upgrades
The project intends to optimize the EVM execution layer of its BounceBit Chain to improve node performance and build a new Mempool module to achieve higher transaction throughput.
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Per the blog post, other updates to the network will include refactoring the communication layer between EVM and Cosmos SDK and developing a shared security client (SSC) module to allow other projects to utilize the liquidity of BounceBit BTC restaking chain.
While the roadmap doesn’t mention specific implementation dates, the project also plans to bring “CeDeFi” to BounceBit Portal, giving users access to more asset management venues and an expanded list of products “to cover most use cases.”
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