Babylon's mission is to scale Bitcoin to secure the decentralized economy. To achieve this, Babylon utilizes the three primary facets of Bitcoin: its asset, its reliable timestamping service, and its most censorship-resistant blockspace in the world. To leverage these facets, Babylon is developing three innovative security-sharing protocols: Bitcoin Staking Protocol, Bitcoin Timestamping Protocol, and Bitcoin Data Availability Protocol. Through these pioneering protocols, Babylon envisions a more secure and decentralized future.
staking
Nodes & APIs
For the first time, bitcoin holders can earn yields from their idle bitcoins in a secure way: no third-party trust, no bitcoin bridging to any other chain. Bitcoin holders simply lock their bitcoins in a self-custodial way to gain the rights to validate PoS chains and earn yields as a return. Powered by the fast unbonding and scalable restaking features of the protocol, bitcoin stakers can also enjoy maximal liquidity and rewards.
Following the successful launch of Babylon's Bitcoin Staking Testnet-4 on May 28, Blockdaemon is excited to support Babylon’s upcoming mainnet launch (TBD) as a finality provider.
As of July 1, 2024, there have been over 450K delegations, with more than 343K stakers on the Signet BTC test network, highlighting the interest in Babylon.