Babylon labs
Unlocking Bitcoin to Secure the Decentralised Economy. Babylon's vision is to scale Bitcoin to secure the Proof-of-Stake economy.
Tags:Bitcoin BTC DAPP BTC DEFI Ordinals Bitcoin RUNES Bitcoinbitcoin bitcoin l2 DAO DAPP defi token WEB3Unlocking Bitcoin to Secure the Decentralised Economy. Babylon’s vision is to scale Bitcoin to secure the Proof-of-Stake economy.
Babylon Overview
Babylon project designs security protocols that scale Bitcoin to secure the decentralized world. To this end, Babylon utilizes the three primary facets of Bitcoin: bitcoin the asset, Bitcoin the PoW-secured timestamping server, and Bitcoin the most censorship-resistant blockspace in the world. Through inventing pioneering protocols, Babylon envisions a more secure and Bitcoin-centric decentralized world.
To realize the vision, we build Babylon, a suite of Bitcoin security-sharing protocols. Currently, it includes two protocols:
- Bitcoin timestamping: This protocol sends succinct and verifiable timestamps of any data (such as PoS blockchains) to Bitcoin; and
- Bitcoin staking: This protocol allows bitcoin the asset to provide economic security to any decentralized systems through trustless (and self-custodian) staking.
The Babylon team is developing the core primitives of the Bitcoin staking protocol and will open source it very soon. This documentation provides a brief overview of the design. More documents will be published after open source.
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