Babylon

Bitcoin

Read

<p><strong>Key points:</strong></p>  
<ul class="wp-block-list">
 <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> 
</ul>  
<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>
 <figcaption class="wp-element-caption">
 </figcaption>
</figure>  
<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>  
<figure class="wp-block-table">
 <table>
  <tbody>
   <tr>
    <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>
   </tr>
  </tbody>
 </table>
</figure>

Babylon Mainnet Set to Transform BTC Staking with Self-Custody Features

Table of Contents

Coincu

Autres articles publiés le 21 août 2024

Weekly Article Recap: 8/12-8/16

Galxe to Revolutionise Web3 with the Launch of Gravity Alpha Mainnet

Kamala Harris Supports Measures to Aid Digital Asset Industry Growth

T͏op ͏͏Trendi͏ng Meme͏ Coi͏n͏s To͏ Bu͏y ͏N͏o͏w͏͏, We͏dnesday, Aug͏u͏st ͏͏2͏1 ͏- ͏Sun͏do͏g͏, Base͏͏ Dawgz, ͏F͏loki,͏ ͏C͏oq Inu

Tether’s New AED-Pegged Stablecoin: UAE’s Secret Weapon for Digital Dominance!

Meme Coins BRETT, FLOKI, SHIB Ready To Rally Despite Bitcoin Slowdown!

Join our free newsletter for daily crypto updates!