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Cryptocurrency News Video
Bitcoin’s native shared security restaking protocol Babylon. Binance’s investment benchmark eigenlayer. experience test network to win airdrops
Apr 24, 2024 at 12:36 pm GallonLabs佳伦实验室
Babylon's genesis stems from a research paper on the security of Bitcoin, an original scientific effort co-authored by co-founders David Tse, Fisher Yu, and EigenLayer founder Sreeram Kannan, among other co-authors.
Babylon can be implemented without smart contracts or forking Bitcoin:
- Trustless staking: no bridging or escrow
- Quickly unbundle pledged Bitcoins to achieve high liquidity
-Slashable security for POS chains
Babylon is also extending Bitcoin’s security to Bitcoin’s Data Availability layer and Bitcoin’s Layer 2.
Bitcoin DA Protocol: Babylon is developing a Bitcoin DA protocol that leverages Bitcoin’s limited block space to perform critical tasks, such as providing a censorship-proof layer to the proof-of-stake chain. As the most secure and censorship-resistant storage space in the world, Bitcoin’s block space becomes a valuable resource to protect the decentralized world from censorship.
Babylon Layer2: babylon can be used as an intermediate layer between bitcoin rollup and bitcoin, and as an intermediate layer for temporarily storing data before bitcoin inscription. This layer2 can greatly empower the entire ecosystem:
- Protect layer2 security through babylon
- Greatly reduce gas fees on the second floor
- Layer2 can generate a large number of Bitcoin applications
- Carrying the overflowing user traffic of Bitcoin layer and increasing the huge Bitcoin ecological user base.
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The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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