Babylon Positions Bitcoin Beyond Store of Value, Unveiling Its Bitcoin Staking Protocol MVP At Cosmoverse 2023
Babylon Positions Bitcoin Beyond Store of Value, Unveiling Its Bitcoin Staking Protocol MVP At Cosmoverse 2023
- Babylon Positions Bitcoin Beyond Store of Value, Unveiling Its Bitcoin Staking Protocol MVP At Cosmoverse 2023
The issuer is solely responsible for the content of this announcement. - Babylon introduces its Bitcoin Staking Protocol MVP at Cosmoverse 2023, addressing the untapped potential of idle Bitcoins for PoS chains and dApps
Babylon , the blockchain project that aims to convert the 21 million bitcoins into a decentralized staking asset for the Proof of Stake economy, unveils its Bitcoin Staking Protocol MVP at the Cosmoverse 2023. - Earlier this year, Babylon published a litepaper outlining its pioneering concept of native trustless Bitcoin staking to secure PoS chains.
- The company was able to gain support from prominent Cosmos chains that are exploring to adopt Babylon’s Bitcoin Staking Protocol.