Difference between revisions of "Babylon"

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* From [[Messari]] (16-4-2024):
[[Rollups|Rollup]] [[Layer Two|L2]] for [[Bitcoin (BTC)|Bitcoin]]
 
==Basics==
*Based in:
*Started in / Announced on:
*[[Testnet]] release:
*[[Mainnet]] release:
== History ==
==Audits & Exploits==
*[[Bug bounty]] program can be found [insert here].
===Bugs/Exploits===
==Governance==
===Admin Keys===
===DAO===
===Notable Governance Votes===
===Treasury===
==Token==
===Launch===
===Token Allocation===
===Inflation===
===Utility===
====Burns====
===Other Details===
==Coin Distribution==
==Technology==
*[[Whitepaper]] or docs can be found [insert here].
*Code can be viewed [insert here].
*Consensus mechanism: Rollup from [[AltLayer (ALT)|AltLayer]]
*[[Virtual Machine (VM)|Virtual Machine]]:
*Development language used:
====Transaction Details====
*Capacity ([[TPS]]):
*[[Latency]]:
=== How it works===
*From [[Messari]] (16-4-2024):
''"The protocol employs innovative cryptographic methods and a native Bitcoin staking functionality that avoids centralized trust, with features like remote staking and a unique [[slashing]] mechanism. While promising, its success depends on broader adoption of the Inter-Blockchain Communication ([[IBC (Inter-Blockchain Communication)|IBC]]) protocol."''
''"The protocol employs innovative cryptographic methods and a native Bitcoin staking functionality that avoids centralized trust, with features like remote staking and a unique [[slashing]] mechanism. While promising, its success depends on broader adoption of the Inter-Blockchain Communication ([[IBC (Inter-Blockchain Communication)|IBC]]) protocol."''
*[https://www.onchaintimes.com/p/the-modular-watchlist-for-2024-a From] [[Onchain]] Times (12-3-2024):
*[https://www.onchaintimes.com/p/the-modular-watchlist-for-2024-a From] [[Onchain]] Times (12-3-2024):


''"Babylon offers native [[permissionless]] [[Bitcoin (BTC)|BTC]] [[staking]] on [[Bitcoin]] which accrues yield from securing [[rollups]]. Babylon is working together with [[AltLayer (ALT)|AltLayer]] to build a “[[decentralized]] verification layer for rollups secured by BTC“. [https://babylonchain.io/ Read more]."''
''"Babylon offers native [[permissionless]] [[Bitcoin (BTC)|BTC]] [[staking]] on [[Bitcoin]] which accrues yield from securing [[rollups]]. Babylon is working together with [[AltLayer (ALT)|AltLayer]] to build a “[[decentralized]] verification layer for rollups secured by BTC“. [https://babylonchain.io/ Read more]."''
===Fees===
===Upgrades===
===Staking===
====Validator Stats====
===Liquidity Mining===
===Scaling===
===Interoperability===
===Other Details===
==Oracle Method==
==Their Other Projects==
==Roadmap==
*Can be found [Insert link here].
==Revenue==
==Usage==
===Projects that use or built on it===
==Competition==
==Pros and Cons==
===Pros===
===Cons===
==Team, Funding and Partners==
===Team===
*Full team can be found [here].
===Funding===
* Babylon has [https://x.com/babylon_chain/status/1796171723471258091 raised $70 million] (30-5-2024) in a funding round led by [[Paradigm]]. Among other investors are [[Polychain Capital]], Bullish Capital, [[Hashkey Capital|HashKey Capital]], [[Hack VC]], [[IOSG Ventures]], [[Amber Group|Amber]], [[Galaxy Digital|Galaxy]], [[Breyer Capital]], [[Mantle (MNT)|Mantle]], [[HTX Ventures]], and [[LD Capital]].
===Partners===


* One of the many launch [https://chainwire.org/2024/04/03/bitvm-based-bitlayer-a-leading-bitcoin-l2-nets-5m-in-funding-unveils-50m-ready-player-one-program/ partners] of [[Bitlayer]] (3-4-2024)
* One of the many launch [https://chainwire.org/2024/04/03/bitvm-based-bitlayer-a-leading-bitcoin-l2-nets-5m-in-funding-unveils-50m-ready-player-one-program/ partners] of [[Bitlayer]] (3-4-2024)
==(:==
Knowledge empowers all and will help us get closer to the [[decentralised|decentralized]] world we all want to live in!
Making these free wiki pages is fun but takes a lot of effort and time.
If you have enjoyed reading, tips are appreciated :) This will help us to keep expanding this archive of information.
[[ETH]] tip [[address]]: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31
[[Category:Coins/Tokens]]
[[Category:Coins/Tokens]]

Latest revision as of 01:54, 3 June 2024

Rollup L2 for Bitcoin

Basics

  • Based in:
  • Started in / Announced on:
  • Testnet release:
  • Mainnet release:

History

Audits & Exploits

Bugs/Exploits

Governance

Admin Keys

DAO

Notable Governance Votes

Treasury

Token

Launch

Token Allocation

Inflation

Utility

Burns

Other Details

Coin Distribution

Technology

  • Whitepaper or docs can be found [insert here].
  • Code can be viewed [insert here].
  • Consensus mechanism: Rollup from AltLayer
  • Virtual Machine:
  • Development language used:

Transaction Details

How it works

"The protocol employs innovative cryptographic methods and a native Bitcoin staking functionality that avoids centralized trust, with features like remote staking and a unique slashing mechanism. While promising, its success depends on broader adoption of the Inter-Blockchain Communication (IBC) protocol."

"Babylon offers native permissionless BTC staking on Bitcoin which accrues yield from securing rollups. Babylon is working together with AltLayer to build a “decentralized verification layer for rollups secured by BTC“. Read more."

Fees

Upgrades

Staking

Validator Stats

Liquidity Mining

Scaling

Interoperability

Other Details

Oracle Method

Their Other Projects

Roadmap

  • Can be found [Insert link here].

Revenue

Usage

Projects that use or built on it

Competition

Pros and Cons

Pros

Cons

Team, Funding and Partners

Team

  • Full team can be found [here].

Funding

Partners

(:

Knowledge empowers all and will help us get closer to the decentralized world we all want to live in!

Making these free wiki pages is fun but takes a lot of effort and time.

If you have enjoyed reading, tips are appreciated :) This will help us to keep expanding this archive of information.

ETH tip address: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31

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