Babylon protocol: BTC stake provides a new security solution for PoS chains

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Bitcoin Stake New Plan: How Babylon Provides Security for PoS Chains

The Babylon project aims to allow Bitcoin holders to provide staking services to other blockchains and earn rewards without leaving the Bitcoin network. Its core mechanisms include:

  1. Remote stake: BTC is retained on the Bitcoin mainnet for staking.

  2. Customized staking contracts: Use Bitcoin scripts to create special transaction types to achieve stake locking.

  3. Cross-chain communication: Using the Cosmos IBC protocol to transmit messages between Bitcoin and other chains.

  4. Additional security layer: Record the key data hashes of the PoS chain onto the Bitcoin blockchain to form "checkpoints".

Will re-staking be introduced to the POW network, is Babylon the aerial garden of Bitcoin?

The main advantages of Babylon:

  • No need to transfer BTC to other chains or centralized services.
  • Provide economic security support for Bitcoin network to PoS chains.
  • Can mitigate the long-range attack risks faced by PoS chains
  • Has the potential to shorten the staking lock-up period for PoS assets

Will re-staking be introduced to the POW network, is Babylon the aerial garden of Bitcoin?

Compared to Eigenlayer:

  • Babylon has more idle asset space for the BTC market.
  • The functionality is relatively limited and not as flexible as smart contracts.
  • Currently mainly aimed at supporting IBC-enabled Cosmos ecosystem chains.

Will re-staking be introduced to the POW network, is Babylon the aerial garden of Bitcoin?

Overall, Babylon provides new earning opportunities for BTC holders while bringing additional security guarantees to PoS chains. As the protocol matures, it may lead to more innovative applications.

Will re-staking be introduced to the POW network, is Babylon the airborne garden of Bitcoin?

Will re-staking be introduced into the POW network, is Babylon the aerial garden of Bitcoin?

Will re-staking be introduced to the POW network, is Babylon the aerial garden of Bitcoin?

Will re-staking be introduced to the POW network, is Babylon the sky garden of Bitcoin?

BABY-6.41%
BTC-3.09%
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DefiPlaybookvip
· 07-09 10:03
Based on the current staking rate data of the project, the trust cost is still to be verified.
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FloorSweepervip
· 07-09 05:21
ngmi... just another btc copy cat with zero alpha
Reply0
MEVictimvip
· 07-07 09:56
Hey, is this also okay?
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Fren_Not_Foodvip
· 07-07 09:53
Another staking project, it's too noisy.
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RadioShackKnightvip
· 07-07 09:48
Following the trend projects are not promising~
View OriginalReply0
AllInAlicevip
· 07-07 09:29
The炒 is good, but will it涨?
View OriginalReply0
MysteryBoxBustervip
· 07-07 09:29
Finally, I can make use of the existing BTC.
View OriginalReply0
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