#Bitlayer
Future Vision and Challenges:
• Gradual Expansion:
According to the project's timeline, initial support for EVM contracts (Phase 1) has been launched, followed by the implementation of the rollup model and BitVM (Phase 2), and then the launch of a trusted bridge based on layer 1 verification (Phase 3).
• Community Incentives:
Current campaigns include the "Ready Player One" campaign, with a prize pool of $50 million, as well as NFT campaigns such as Lucky Helmet to encourage interaction and participation in governance.
Project Risks:
• Security and Complexity:
Because Bitlayer relies on Layer 2 protocols, its complex architecture and multiple components may expose it to implementation or programming risks.
• Bridge and Liquidity Risks:
Bridges may be a target for hackers, and their implementation requires careful security design to prevent breaches.
• Economic Challenges:
The network's success depends on an efficient economic structure that incentivizes participants and is implemented on the ground via the BTR token within a complex token system that requires a balance between returns and security.