Difference between revisions of "Babylon"

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

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
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) protocol."

From Onchain Times (12-3-2024):

"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

Babylon has raised $70 million (30-5-2024) in a funding round led by Paradigm. Among other investors are Polychain Capital, Bullish Capital, HashKey Capital, Hack VC, IOSG Ventures, Amber, Galaxy, Breyer Capital, Mantle, HTX Ventures, and LD Capital.

Partners

One of the many launch partners of Bitlayer (3-4-2024)

(:

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

@@ Line 1: / Line 1: @@
-* [https://www.onchaintimes.com/p/the-modular-watchlist-for-2024-a From] [[Onchain]] Times (12-3-2024):
+[[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."''
+*[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]."''
+===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)
+==(:==
+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]]