Babylon
From CryptoWiki
Revision as of 01:58, 22 April 2024 by Grand Master Pepe (talk | contribs)
- 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."
"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."
