Mind Network Partners With Bitcoin Pledge Protocol Babylon To Enhance Network Scalability And Security

According to Odaily, Mind Network has announced a partnership with Bitcoin pledge protocol Babylon. This collaboration aims to introduce Fully Homomorphic Encryption (FHE) into the Bitcoin Restaking ecosystem, thereby enhancing the scalability and security of the Bitcoin network. Through a unique remote staking service, holders of LRT (Liquid Rate Token) can participate in staking without the need for cross-chain transactions. This provides them with the opportunity to gain multiple benefits from both the Babylon ecosystem and Mind Network. LRT assets will serve as part of the Proof of Stake (PoS) network, and will be protected on the Mind Network's Subnet consensus security through FHE verification. Babylon is a Bitcoin pledge protocol that previously launched a Bitcoin liquidity restaking plan. On the other hand, Mind Network is the first to design an FHE Restaking layer for AI and PoS networks. This partnership is expected to bring significant improvements to the Bitcoin network's scalability and security.