Babylon Genesis Chain is set to enhance its Bitcoin financial ecosystem by adopting a dual virtual machine model incorporating both EVM and CosmWasm. The CosmWasm VM, already active on the mainnet, facilitates the development of secure and high-performance smart contracts using Rust, which supports the Bitcoin core library. Meanwhile, the EVM, known for its extensive DeFi products and robust developer community, is in the promotion phase with a development network already launched. The public test network is expected soon, with mainnet integration planned for late Q3 to early Q4 2025.