How does Babylon unlock the security value of Bitcoin?
The Babylon protocol aims to build a similar tower for the various PoS chains, unifying them under one roof. In terms of narrative, it seems no less than Eigenlayer, the defender of Ethereum.
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The Babylon protocol aims to build a similar tower for the various PoS chains, unifying them under one roof. In terms of narrative, it seems no less than Eigenlayer, the defender of Ethereum.
This week, 28 blockchain startups raised $169.7 million in funding. The largest round was raised by Babylon, which raised $70 million. 13 projects received seed and pre-seed funding, and 15 projects received other rounds of funding.
Restaking is undoubtedly one of the most important topics in the current Web3 field.
The biggest highlight of the Babylon project is to enable trustless staking of BTC.
This article attempts to describe what Babylon is in the simplest terms.
Babylon is committed to creating BTC staking, allowing BTC holders to share over $1.3 trillion in economic security with other networks in exchange for staking returns without leaving the Bitcoin network itself.
Why does BTC staking provide security for B² internal components?
After completing $18 million in financing and receiving investment from Binance, can Babylon lead the Bitcoin ecosystem in the future?
Blabylon may be a big bug that cannot be ignored this year.
Binance Labs invests in Babylon Protocol, revolutionizing Bitcoin staking. Enhancing PoS networks' security, offering new utility for BTC holders.