Part One
Current Status of Bitomni
Nishan (Host, Bitomni Community Representative): Hello everyone, I am Nishan. Today, I am very happy to serve as the host for this dialogue. Since the launch of the Bitomni testnet, it has made a series of remarkable progress and attracted more and more users and partners to join. As the community continues to grow, many questions have arisen about the future direction and strategic planning of Bitomni.
Therefore, today I represent the community to raise some of the most concerning questions through this interview format, hoping to better understand Bitomni's current situation and future plans.
First, I would like to ask you to introduce Bitomni's current status, including some major milestones and achievements. Recently, Bitomni has made significant progress in partnerships and technological innovations within the BTC ecosystem.
Mangal (Bitomni Community Manager): Bitomni has successfully launched the BitoBridge testnet, the first omnichain bridge focused on BTCFi based on the ICP Chain Fusion architecture. We have integrated Ethereum, Arbitrum, StratoVM, Polygon, and Sui into the testnet, achieving over 20,000 user interactions and 650,000 on-chain transactions in the first phase of testing.
During the entire testnet phase, Bitomni has also established solid partnerships with multiple BTC Layer 2 projects. With the launch of the BitoBridge mainnet, these projects will receive further support. We also plan to launch DeFi derivatives focused on BTC, with current partners including Bitlayer, BEVM, Nubit, Botanix, and Master Protocol.
We divide the market operation of BitoBridge into two main focus areas:
BTC Ecosystem: We will continue to establish closer partnerships with BTC-related products, such as various BTC Layer 2 projects, Babylon's restaking solutions, and wallets like Unisat. The BTC field is an emerging mainstream direction with great potential, and Bitomni's current progress gives us a certain first-mover advantage in this area. We will strive to maintain and expand this advantage.
Other Public Chain Ecosystems: As an omnichain bridge, another growth direction for BitoBridge is the integration with other public chain ecosystems. The Bitomni team has won awards at hackathons for Polkadot and Aptos, and we have been closely following the development of these ecosystems. Currently, our focus is on deep cooperation with Sui and BaseChain, actively seeking more high-quality partners to promote the application of BitoBridge and explore new product possibilities.
We are maintaining good communication with the SUI Foundation while actively strengthening contact with the SUI ecosystem to promote collaborative relationships. Currently, the SUI ecosystem and community will become a focus of our development.
At the same time, we have established strategic partnerships with important partners such as Gate Wallet. Recently, our joint promotional activities with Gate Wallet and Bitlayer have added a batch of community users. This momentum will bring us good community growth. Through Gate Exchange's large user base, we can further expand our user base. This is a summary of Bitomni's recent progress and ongoing work.
Part Two
Bitomni's Short-term Plans
Nishan (Host, Bitomni Community Representative): Great, let's move on to the next question. Every project has its plans, right? I want to know about Bitomni's short-term plans. What are the short-term plans for Bitomni in the coming months? Could you share some key work directions and upcoming milestone activities?
Mangal (Bitomni Community Manager): In the next few months, our main focus is to launch the BitoBridge mainnet, which will bring a more refined product experience and attract more partners. Some of our partners have already launched on the mainnet, so interacting with their testnets at this stage is of little significance. This issue will be resolved after the launch of the BitoBridge mainnet. Our goal is to launch the mainnet in November. Although there may be slight delays, it won't be too long.
Another important feature we are developing is BitoRestaking, which is currently in the late stages of development and is expected to begin testing in December. This feature is significant for the ICP community as it will further enrich ICP's DeFi products.
We will also focus on promoting Bitomni. In the coming months, we will be more proactive in establishing partnerships with well-known partners outside the ICP ecosystem. In fact, we have been doing this, but now we will take more active actions to expand Bitomni's influence and attract more participants.
After the launch of the BitoBridge mainnet, we will quickly integrate BTC Layer 2 projects to complete our comprehensive deployment in the BTC ecosystem. At the same time, we have several key planning ecosystem expansion projects, such as the one just mentioned with SUI, which is already underway and has achieved phased results. Projects in preparation also include BaseChain and BNB Chain, which will bring more product partners and product experience users to Bitomni.
Regarding financing, we mainly rely on internal team resources for operations. Although some venture capital firms have actively contacted us, we prefer to collaborate with more influential investment institutions. Therefore, our upcoming focus includes:
BitoBridge Mainnet Launch
BitoRestaking Testnet Launch
Pre-A Round Financing with Venture Capital Firms
More Proactive Product Promotion and Community Building
Nishan (Host, Bitomni Community Representative): Awesome! Bitomni's short-term plans are very organized, and the launch plan for the BitoBridge mainnet is well-structured, which is truly exciting!
Part Three
Bitomni's Technical Architecture and Security
Nishan (Host, Bitomni Community Representative): Now let's talk about Bitomni's technical architecture and security. As we all know, in the blockchain field, technology and security are the keys to a project's success. Bitomni, as an innovative project connecting Bitcoin and multi-chain ecosystems, has its unique technical implementation.
Mangal, can you introduce to everyone how Bitomni's technical architecture is designed? At the same time, how does the team ensure high performance while ensuring the platform's security and protecting users' assets and data?
Mangal (Bitomni Community Manager): Thank you, Nishan, I am glad to have the opportunity to share Bitomni's technical architecture and security measures with everyone.
Taking our current core product BitoBridge as an example, this is an omnichain bridge connecting Bitcoin with multiple blockchain ecosystems. Our technical architecture is primarily built on the Internet Computer Protocol (ICP), fully leveraging its technological advantages to achieve efficient and secure cross-chain operations.
In terms of technical architecture:
Canister Smart Contracts: We have developed a series of Canister smart contracts deployed on ICP using the Rust language. These contracts are responsible for handling cross-chain transaction logic, user authentication, and asset management. Canisters possess high scalability and security, efficiently processing a large number of concurrent requests.
Protocol Layer Bitcoin Integration: We have achieved direct interaction with the Bitcoin network through ICP's Chain Key Cryptography, meaning we do not need to rely on intermediaries or use Wrapped Bitcoin, thus reducing potential security risks and transaction costs.
Multi-chain Support: Our architectural design supports integration with other blockchains such as Ethereum and Solana, allowing users to seamlessly transfer Bitcoin and other assets across different blockchains, thus expanding Bitcoin's application scenarios.
In terms of security:
Smart Contract Security Audit: All our smart contracts have undergone rigorous audits and testing. We collaborate with professional third-party security companies to ensure the safety and reliability of the code, preventing common vulnerabilities and attacks.
Multi-signature and Threshold Signature: In cross-chain transactions, we adopt multi-signature and threshold signature mechanisms to ensure that even if a single node fails or acts maliciously, user assets will not be affected, significantly increasing the system's resistance to attacks.
We are committed to providing users with an efficient, secure, and reliable service. Through a carefully designed technical architecture and multi-layer security measures, we can ensure that users' assets are well protected. At the same time, we are continuously optimizing and upgrading the system to maintain our leading position in technology and security.
Part Four
As a builder of the ICP ecosystem, how do you view the current situation and future development of ICP?
Nishan (Host, Bitomni Community Representative): Mangal, Bitomni has always been one of the important builders of the ICP ecosystem. I noticed that you have garnered a lot of supporters in the ICP community, as well as support from the Dfinity Foundation. Recently, you received a grant from Dfinity. Currently, you have successfully obtained three grants from Dfinity, and many KOLs from the ICP community have given Bitomni very high praise.
For many community members, they are filled with expectations for the current state and future of the ICP ecosystem. As deep participants, how do you view the current development status of the ICP ecosystem? What expectations and views does Bitomni have for future development?
Mangal (Bitomni Community Manager): Thank you, Nishan, this is indeed a very important topic. As one of the key builders of the ICP ecosystem, we have some profound thoughts on the current state of the ecosystem and its future development.
First of all, there is no doubt that the ICP network is still one of the top public chains. Its high performance ensures stability for carrying more dApps in the future, providing a good environment for the long-term construction of the ecosystem. We note that the ICP ecosystem is still in its early budding stage. We must acknowledge the reality that the current ICP ecosystem still has a considerable gap compared to the most talked-about ecosystems like ETH and Solana. Many people are concerned about the question: Does ICP have the potential to grow into a top ecosystem? My view is that this is entirely possible.
The continuous innovation and development of the Dfinity Foundation in the fields of AI and Chain Fusion provide a solid foundation for the growth of the ICP ecosystem. We have been deeply engaged in the ICP ecosystem for more than a year and can deeply appreciate Dfinity's support and friendly attitude towards ecosystem projects. This is why more and more projects are starting to choose ICP. It resembles a budding stage, and with time, among numerous projects, some top-notch projects will emerge, making the ICP ecosystem more well-known. I am very much looking forward to this.
At the same time, multi-chain ecosystem projects like Bitomni, although starting from the ICP ecosystem, are also developing towards a multi-chain direction. Currently, our community structure consists of the ICP community, BTC community, and communities from other ecosystems. This further allows us to promote the ICP ecosystem to other communities. Through our development and layout in different ecosystems, Bitomni is actively contributing to enhancing ICP's influence and visibility.
For more project information about Bitomni, please read:
Bitomni - The First BTCFi Driven Omnichain Asset Management Protocol
Related Links
Website:
bitomni.io
X:
x.com/Bitomni_Global
Telegram:
t.me/Bitomni
Medium:
medium.com/@bitomni
Github:
github.com/CypherBabel-Lab
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