How does Babylon achieve BTC "trustless staking"?
The biggest highlight of the Babylon project is to enable trustless staking of BTC.
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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.
On April 24, 2024, according to intelligence from the SlowMist security team, the YIEDL project on the BSC chain was attacked and the attacker made a profit of approximately US$300,000.
Binance Labs invests in Babylon Protocol, revolutionizing Bitcoin staking. Enhancing PoS networks' security, offering new utility for BTC holders.
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Babylon’s founder said several liquidity pools and BABL tokens price were severely impacted, which contributed to the decision.