Bouncebit Announces Transition to Permissionless Chain for On-Chain Ecosystem Growth
CryptoNewsTerminal Staff11 Sep, 2024
Bouncebit Announces Transition to Permissionless Chain for On-Chain Ecosystem Growth
Bouncebit (BB), a pioneering bitcoin re-staking chain project, has made a significant announcement through its official Medium channel. The project revealed plans to "post a governance proposal on the 13th (local time) to transition to a permissionless chain." This strategic move stems from Bouncebit's focus on developing BounceClub, an innovative CeDeFi (Centralized Decentralized Finance) ecosystem that seamlessly integrates centralized elements with DeFi products. With the upcoming launch of BounceClub V2, the transition to a permissionless chain will enable the project to foster on-chain growth and expand its ecosystem. Once the permissionless chain goes live, decentralized application (dApp) developers will have the freedom to build and deploy their applications on the chain, contributing to the growth and vibrancy of the Bouncebit ecosystem. This transition underscores Bouncebit's commitment to creating a thriving and inclusive platform for dApp development and innovation.
