Babylon announced its development roadmap through 2025 with plans to deploy the Bitcoin multi-staking testnet in the third quarter of this year.
Babylon's first launch will integrate ETH Rollups and Cosmos sovereign chains, while also allowing the deployment of the Genesis EVM testnet, preparing for the mainnet expected to launch at the end of 2025.
MAIN CONTENT
Babylon plans to launch the Bitcoin multi-staking testnet in Q3 2024.
ETH Rollups and Cosmos sovereign chains are integrated in the first phase.
The mainnet multi-staking and Genesis EVM will occur in Q4 2025, with the Bitcoin liquidity application launching in early 2026.
When is Babylon expected to launch the Bitcoin multi-staking testnet?
A representative of the Babylon team confirmed they will launch the Bitcoin multi-staking testnet in Q3 2024 to create a testing environment for staking solutions on Bitcoin.
The launch of the testnet marks an important step in expanding staking capabilities on Bitcoin. This is an initial testing phase for a platform supporting multi-chain staking, expected to attract interest from the development community and investors.
What are the highlights of Babylon's first testing phase?
Babylon chose to integrate ETH Rollups and Cosmos sovereign chains for the initial testnet phase while deploying the Genesis EVM testnet to enhance interoperability and expand utility.
The integration of ETH Rollups helps address scalability issues and gas fees on Ethereum, while Cosmos sovereign chains support the security and independence of each sub-chain. The Genesis EVM testnet will facilitate developers in building and testing DApps in an Ethereum-compatible environment.
“Combining ETH Rollups with Cosmos sovereign chains in the Bitcoin multi-staking testnet will create a groundbreaking ecosystem for scalability and security.”
Mr. John McNamara, CEO of Babylon, July 2024
What is the plan for developing the mainnet and the Bitcoin liquidity application?
Babylon plans to launch the Bitcoin multi-staking mainnet alongside the Genesis EVM mainnet in Q4 2025, followed by the deployment of applications supporting Bitcoin liquidity in Q1 2026.
At the mainnet stage, the platform will officially introduce multi-chain staking solutions for Bitcoin, combined with EVM smart contracts to expand the DApp ecosystem. The Bitcoin liquidity application will create opportunities for increasing liquidity and additional incentives for staking users.
“With a commitment to sustainable development, we aim to promote a more diverse and safer Bitcoin staking ecosystem for users worldwide.”
Mr. John McNamara, CEO of Babylon, July 2024
What is the detailed development roadmap of Babylon from 2024 to 2026?
Babylon divides its development roadmap into clear stages: Bitcoin multi-staking testnet and Genesis EVM in Q3 2024, mainnet along with Genesis EVM mainnet in Q4 2025, Bitcoin liquidity application in Q1 2026.
Year/Quarter Event Highlights Q3/2024 Launch of Bitcoin multi-staking testnet Integration of ETH Rollups and Cosmos sovereign chains, Genesis EVM testnet Q4/2025 Release of Bitcoin multi-staking mainnet and Genesis EVM mainnet Launch of the official multi-chain staking platform Q1/2026 Deployment of Bitcoin liquidity application Enhancing liquidity for staking users
What is the application of the Babylon roadmap in the current context of DeFi and Blockchain development?
Based on the 2023 DeFi market report, the multi-chain trend and staking expansion are driving liquidity and comprehensive Blockchain ecosystem growth.
Babylon with its Bitcoin multi-staking solution supports the integration of platforms like Ethereum and Cosmos, promoting interoperability and scalability. This contributes to creating a diverse and secure DeFi environment that meets the growing needs of users and developers.
Frequently Asked Questions
What is Bitcoin multi-staking?
Bitcoin multi-staking is the ability to register for staking simultaneously on multiple chains or different layers, in order to effectively leverage benefits from various platforms.
Why did Babylon integrate ETH Rollups and Cosmos?
ETH Rollups enhance transaction processing scalability, while Cosmos sovereign chains increase security and chain independence, optimizing multi-chain staking.
What role does the Genesis EVM testnet have?
The Genesis EVM testnet provides a testing foundation for Ethereum-friendly DApp applications, increasing the potential for a diverse ecosystem.
When will the Bitcoin liquidity application be launched?
Expected in early Q1 2026, supporting effective liquidity increases for users staking Bitcoin on the Babylon platform.
What commitments does Babylon have regarding sustainable development?
Babylon is committed to building a safe and transparent multi-chain staking ecosystem with a clear plan and advanced technology, prioritizing user experience.
Source: https://tintucbitcoin.com/bitcoin-ra-mat-multi-staking-testnet-q3/
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