Babylon

Bitcoin

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<p><strong>Key points:</strong></p>  
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 <li><em>Babylon is set to roll out its self-custodial Bitcoin staking mainnet in two days, marking the beginning of its phased rollout.</em><a href="https://www.emergence.xyz/" target="_blank" rel="noopener noreferrer nofollow"></a></li> 
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<h5 class="wp-block-heading"><strong>Babylon mainnet will launch soon. It will enable Bitcoin self-custody to enhance PoS blockchain security through smart contracts, Bitcoin privacy, and timestamping.</strong></h5>  
<figure class="wp-block-image aligncenter size-large"><a href="https://coincu.com/wp-content/uploads/2024/08/telegram-cloud-photo-size-5-6208667593838018191-y.jpg" rel="noopener noreferrer nofollow"><img src="https://coincu.com/wp-content/uploads/2024/08/telegram-cloud-photo-size-5-6208667593838018191-y-1024x576.jpg" alt="Babylon Mainnet Set to Transform BTC Staking with Self-Custody Features" class="wp-image-279140"></a>
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<h2 class="wp-block-heading" id="strong-babylon-mainnet-launches-self-custodial-bitcoin-staking-strong"><strong>Babylon Mainnet Launches Self-Custodial Bitcoin Staking</strong></h2>  
<p><a href="https://x.com/babylonlabs_io/status/1825866272375984540" target="_blank" rel="noopener noreferrer nofollow">Babylon’s upcoming mainnet launch</a> will introduce self-custody Bitcoin staking, leveraging Bitcoin’s economic security to enhance the security framework of the proof-of-stake (PoS) blockchain.</p>  
<p>This innovative system will allow users to stake their Bitcoin via smart contracts while retaining complete control of their assets without intermediaries. The self-custody model will be deployed on decentralized systems such as sovereign PoS chains, Layer 2 networks, data availability solutions, and oracles.</p>  
<p class="has-background" style="background-color:#222222"><strong>Read More:<a href="https://coincu.com/252098-renzo-review-binance-labs-restaking-protocol/" target="_blank" rel="noopener noreferrer nofollow"> </a><a href="https://coincu.com/263449-crypto-supporter-donald-trump-help-bitcoin-miner/" data-type="link" data-id="https://coincu.com/270668-how-the-secs-revised-binance-us-lawsuit-and-solanas-exclusion-affect-the-best-ongoing-presales-in-2024/" target="_blank" rel="noopener noreferrer nofollow">Babylon Review: Leading Bitcoin Staking Solution</a></strong></p>  
<h2 class="wp-block-heading" id="strong-bitcoin-timestamping-on-babylon-mainnet-strong"><strong>Bitcoin Timestamping on Babylon Mainnet</strong></h2>  
<p>Babylon’s BTC Timestamping Protocol will allow users to timestamp data sent to its platform using the Bitcoin blockchain. <span style="margin: 0px;padding: 0px">According to its <a href="https://docs.babylonchain.io/docs/introduction/btc-timestamping" target="_blank" rel="noopener noreferrer nofollow">documentation</a>, this timestamping feature is designed to enhance the security of PoS blockchains, making them resistant to long-range attacks</span>.</p>  
<p>During the phased rollout, Bitcoin holders can stake their tokens by sending Bitcoin staking transactions directly to the blockchain. The project has received significant backing, having raised $70 million in a recent funding round led by Paradigm, following a previous $18 million round led by Polychain Capital and Hack VC.</p>  
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    <td><em><strong>DISCLAIMER</strong>:&nbsp;The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.</em></td>
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Babylon Mainnet Set to Transform BTC Staking with Self-Custody Features

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