Babylon chain. All Pending Active Unbonding Unbonded Slashed Withdrawn.

Babylon’s impact on Bitcoin Ecosystem. https://babylonchain. A groundbreaking project built on the Cosmos SDK enables the unthinkable: Bitcoin staking. Activate Bitcoin Timestamping for Your Chain in 5mins. Its distinctive staking protocol not only broadens Bitcoin's utility but also bolsters PoS blockchain security, positioning it as a competitor to platforms like Ethereum and the restaking platform EigenLayer. Babylon provides a suite of security-sharing protocols between Bitcoin and the PoS world. For the latest information and setup instructions, please refer to my new Feb 27, 2024 · Babylon also has a chain that connects Bitcoin and the proof-of-stake networks, and records important information on both sides. David Tse discusses the importance of increasing the value of Bitcoin to maintain high security and value. The Babylon chain ensures the availability of data behind checkpoints to prevent attackers from timestamping unavailable data. Babylon is currently on Founded Date Jan 2022. Babylon is a new Cosmos project whose vision is to leverage the security of Bitcoin for enhancing the security of Cosmos zones and other PoS chains. Apr 2, 2024 · Babylon Chain History and Founding Babylon chain was founded in May 2022 by CEO David Tse and CTO Fisher Yu. Oct 2, 2023. TL;DR. In the competitive world of Web3, blockchain developers often struggle to create pragmatic business models that can Aug 30, 2022 · Aug 30, 2022. to acquire staking capital from bitcoin, the The Babylon blockchain is divided into epochs that consist of a parameterized number of blocks. Assets 2. Kamilla Nazirkhanova. 003. Babylon Bitcoin Staking protocol allows Proof-of-Stake ("PoS") systems such as PoS chains, L2s, Data Availability (DA) layers, oracles, etc. Bitcoin staking: Enables Bitcoin holders to provide economic security to any decentralized system A bird's eye overview of the project. A program that is co-created by its own Aug 15, 2023 · Babylon @ Cosmoverse 2022 – David Tse Introduced Babylon. babylon Public. to declare their adoption of the suicide law. 1. Sep 26, 2022. The Block announces Emergence: join us in Prague December 5-6, 2024. At the moment, Babylon provides a canonical chain oracle for each integrated Cosmos zone, and allows anyone to query the canonical chains of integrated Cosmos zones and query the fork headers created by a validator set with dishonest May 20, 2024 · Babylon Chain is a market-leader in incorporating Bitcoin's security into the decentralized finance landscape. BabylonChain - Polychain Capital and Hack VC Lead $18 Million Funding Round for Bitcoin Staking Protocol Babylon Unlocking Bitcoin to Secure the Decentralised Economy. Release v0. Babylon PoS chain will be the first PoS chain it secures. Babylon is blockchain project founded by Claude. Bitcoin Staking complements Babylon’s Bitcoin Timestamping, which sends critical consensus data Feb 7, 2023 · Compare. With a team set to grow beyond its current 15 members, Babylon Chain is at the forefront of a new chapter in decentralized finance. Last Funding Type Series B. By offering bitcoin (BTC) staking on nearly any Cosmos chain, Babylon eliminates many of the barriers to entry that staking is susceptible Mar 20, 2023 · Additionally, Babylon’s solution provides much-needed protection for high-value asset transfers across bridges between PoS chains. Initialize the Node Directory 3. PoS 链需要更高的安全性并提供收益，而比特币持有者则希望通过比特币获得收益。. Jan 6, 2020 · Chain: Directed by Kiyotaka Suzuki. The project’s mission is to unlock Bitcoin security for the decentralized world. Babylon Testnet & Future Plans. Feb 1, 2024 · Babylon Chain — Detailed Node Setup Guide. Babylon strengthens the security of the Cosmos ecosystem and other Proof of Stake (PoS) chains by leveraging Bitcoin’s technology as a timestamping server. Effectively, timestamping adds BTC security to new and existing PoS chains. Once headers are added, the BTC light client module can identify the canonical chain by calculating the chain that has the most work committed to it. BabylonChain - A New Chapter for Bitcoin — Recap of Bitcoin Renaissance 2024 Unlocking Bitcoin to Secure the Decentralised Economy. For IBC-compatible PoS chains, getting Bitcoin timestamps to prevent long-range attacks only takes 5 minutes: simply deploy an IBC relayer between Babylon and your chain, then you are all set! Start with our docs or join discord. Main repo for Babylon full node. Create a BLS key. Jan 19, 2024 · Given that Babylon aims to have a 10 second time between blocks, set this value to: timeout_commit = "10s" Create the Validator Contrary to a vanilla Cosmos SDK chain, a validator for Babylon is created through the babylond tx checkpointing create-validator command. Jun 24, 2024 · Babylon expects timestamping to enable a number of use cases for integrated chains; including faster unbonding times, decreased reliance on social consensus, new chain bootstrapping, and censorship resistance. Rewards. admin@babylonchain. A program is designed to reward community members with exclusive rewards for helping Babylon Chain grow. Operating Status Active. The city of Hartford becomes the first city in the U. In addition, The project’s mission is to bring Bitcoin’s unparalleled security to the decentralized world via a new public Cosmos-SDK PoS blockchain (Babylon) and a suite of inter-chain protocols. The BTC light client module accomplishes this by receiving Bitcoin headers as Tendermint-ordered Babylon transactions, typically from a vigilante reporter , and is responsible for their verification. Multisig key will be generated if multiple addresses or names are specified. 0. During the rollup mode, the PoS Feb 28, 2024 · What’s in This Testnet. to acquire staking capital from bitcoin, the largest, decentralized crypto asset in the world. This enhances PoS network security by allowing Bitcoin users to stake BTC, boosting network security and earning yield, all while maintaining self-custody of their Bitcoins. Founders David Tse, Fisher Yu. The Bitcoin Pioneer Pass will grant access to exclusive features, special rewards, and a place in our elite community. The epoching module achieves this by delaying the execution of transactions that affect May 30, 2024 · This latest round of investment will propel Babylon's mission to enable a Bitcoin-secured decentralized economy. Unlocking Bitcoin to Secure the Decentralised Economy. Jul 28, 2023. There’s a limited supply of passes and only those who have claimed the pass during the Bitcoin staking testnet event can mint it. Welcome to Babylon! Babylon is a community-led asset management protocol that enables users to invest in DeFi together. Then whoever sees her both votes can decrypt her eots_secret_key and use condition-2 above to withdraw Alice’s 1 Bitcoin, effectively causing Alice to be slashed. All Pending Active Unbonding Unbonded Slashed Withdrawn. It's built on the Ethereum network and it's non-custodial, transparent, permission-less, and governed by the community. Our fast-growing team consists of engineers Jul 12, 2023 · Babylon, a blockchain protocol built on the Cosmos SDK, aims to leverage the security of Bitcoin to enhance the security of Proof-of-Stake chains. Babylon can help PoS chains with slashability guarantees (e. David Tse. May 7, 2024 · Now, if Alice is malicous and wants to fork chain-X at height-1000, she will have to vote for another block-1000 using the same secret_nonce and eots_secret_key. Recognizing that a significant portion of Bitcoin’s market value is underutilized, the project introduces a Bitcoin staking protocol that enables Bitcoin holders to stake their LBTC is a secure and yield-bearing Bitcoin LRT, developed by Lombard on top of Babylon. Common PoS features, such as stake delegation, on-demand unstaking, and partial slashing, are all supported. The Checkpointing module verifies raw checkpoints reported from BTC to Babylon by a vigilante reporter . In a simplified context, Babylon acts as a middleware or connectivity layer between the Cosmos ecosystem, its many independent chains, and the Bitcoin blockchain. Jun 26, 2023 · Babylon Chain was founded in 2021 and has integrated with 28 Cosmos chains on its testnet. . Babylon’s Self-custodial BTC Staking. Extractable One-Time Signature (EOTS) Slashing. Company Type For Profit. Legal Name BabylonChain Inc. Apr 4, 2024 · Toàn tập thông tin về dự án Babylon Chain. Babylon has a two-layer governance system. National Academy of Engineering, Professor David Tse from Stanford University, and backed by top tier investors such as Polychain Capital, Hack VC, Framework Ventures, and Castle Island Ventures. io Official Twitter account Unlocking Bitcoin to Secure the Decentralised Economy. You need to use the command babylond tx checkpointing create-validator. It is highly recommended that operators run their own node to avoid trusting third parties. No voting: For the same reason, finality providers will only need to publish their EOTS public key to allow stake delegation. View block height, timestamp, and transaction count. io. It provides two inter-connected protocols: Bitcoin timestamping: Submits succinct and verifiable timestamps of any data (such as PoS blockchains) to Bitcoin. Get in Guide Fundraising $96. Babylon has raised $8M in a seed Babylon released its testnet as a first step to providing a new type of security for Cosmos chains. It then inserts these aggregated checkpoints into the Bitcoin network. Version 0. Dec 8, 2023 · SAN FRANCISCO - Trong một động thái quan trọng đối với lĩnh vực tiền điện tử, Babylon Chain đã huy động thành công 18 triệu đô la trong vòng tài trợ Series A. Shannon Award recipient, fellow of U. Bringing Bitcoin security to Cosmos and beyond. Ngày 28/2/2024, Babylon ra mắt bản testnet cho phép người dùng tham gia trải nghiệm sớm. # At Babylon, we envision a future where Bitcoin and Proof-of-Stake (PoS) chains thrive together. Điểm khác biệt chính của giao thức này so với các giải pháp hiện có là người dùng có thể stake Bitcoin của mình trực tiếp một cách trực tiếp mà không cần Apr 16, 2024 · Babylon’s cross-chain staking protocol represents a similar type of platform to the restaking primitive discussed above, albeit with two main differences compared to Cosmos mesh security-based chains and Ethereum restaking protocols: 1. It handles transactions, runs smart Mar 7, 2024 · The Bitcoin Pioneer Pass digital collectible is a commemorative NFT for participating in the first trustless Bitcoin staking protocol testnet by Babylon Chain. About Us. This isn't just a game-changer but a paradigm shift allowing you to transform your BTC from a passive asset into a dynamic tool for earning rewards. Also Known As BBL. The Bigger Picture. This method Babylon Testnet Integration Strengthens Archway with Robust Bitcoin Security. 3. Learn more at https://www. Staker We would like to show you a description here but the site won’t allow us. Review the white paper, team, and financial overview. g. 巴比伦链（Babylon Chain）引入了一种使用比特币的新方法，通过一个独特的定金协议来确保验货证明（PoS）链的安全，从而创建一个 双向市场 。. 1. Read on to explore the crypto revolution Scaling Bitcoin to secure the decentralized world. , Ertem Nusret Tas. This page provides an introduction to the protocol. To solve this problem, the Babylon team has designed a secure Bitcoin timestamping protocol and implemented it as a Cosmos-SDK based Babylon chain. ) with Ethereum restaking and Cosmos mesh security protocols, the asset has been staked to the provider The integration between Stride and Babylon primarily focuses on the advantages of fast stake bonding, which significantly improves the strength and security of liquid staking protocols. Because of the interconnected nature of the Cosmos chains, insecurity of one chain will propagate to other chains, thus weakening the overall security of the ecosystem. Our mission is to build a Bitcoin-driven decentralized world by evolving Bitcoin into a trusted security backbone for PoS chains, delivering yields for bitcoin holders while fostering an integrated, secure, and decentralized economy. There’s a limited supply of passes. BabylonChain - Forkless Rollups with Bitcoin Staking Unlocking Bitcoin to Secure the Decentralised Economy. The project’s mission is to bring Bitcoin’s Apr 4, 2024 · Unboxing Babylon’s Technical Architecture. Dec 29, 2023 · Update 2024–02–24: The previous chain, bbn-test-2, has been replaced by the new Bitcoin staking network, bbn-test-3. This maintains Bitcoin's robust security while protecting against potential PoS attacks. 00 Feb 27, 2024 · The Babylon protocol is slated to launch around the next Bitcoin halving, expected in April 2024. Setting up a validator on Babylon is different from typical Cosmos SDK chains. May 30, 2024 · Babylon offers bitcoin as a staking asset, allowing proof-of-stake chains to acquire funding from the deep reserves stored in BTC. E. May 2, 2024 · Introducing Babylon Chain and Bitcoin Staking. Tse obtained his PhD in electrical, electronics, and communications engineering at the MIT School of Engineering between 1989 and 1994. 2. Business Insider. Feb 28, 2024 · Babylon’s Bitcoin Staking protocol allows Proof-of-Stake ("PoS") systems such as PoS chains, L2s, Data Availability (DA) layers, oracles etc to acquire staking capital from bitcoin, the largest Nov 6, 2022 · Expanding from Chain A to multiple Chains submitting checkpoints to Babylon, we see that Babylon becomes a checkpoint aggregator. In this first post, we will give a bird’s eye view of the project and in the subsequent posts, we will delve deeper into its the various use cases as well as the technology. Click to read BabylonChain, by Ertem Nusret Tas, a Substack publication. S. Instructions on how to set up a full Babylon node can be found in the Babylon documentation. Babylon, a crypto startup co-founded by Stanford University engineering Professor David Tse that’s trying to bridge the gap between Bitcoin and Ethereum, has raised $70 million in its Oct 18, 2022 · Watch David Tse talk about how Babylon Chain will help bring Bitcoin Security to Cosmos, and what the project does to make IBC a natural checkpointing tool. It represents a significant step toward a more integrated, secure, and efficient blockchain ecosystem. May 30, 2024 · Babylon Bitcoin Staking protocol allows Proof-of-Stake ("PoS") systems such as PoS chains, L2s, Data Availability (DA) layers, oracles, etc. Bitcoin (BTC) Staking Concept Proposed by Babylon at Cosmoverse 2023. Sep 15, 2023 · Introducing the Babylonian Ambassador Program. Giao thức này được Sep 23, 2022 · Babylon Chain : PoS에서 OP_RETURN의 활용 목적이야 어쨌든, 제일 탈중앙화된 블록체인인 비트코인에 내가 하고 싶은 말을 적을 수 있다는 점은 여러 Browse the latest blocks on the Babylon (BBN) blockchain. Bridging the Gap between Bitcoin Security and Ethereum’s Smart Contract Ecosystem. With David Matranga, Yûichi Nakamura. Chỉ sau 2 tháng hoạt động, dự án đã thu hút cộng đồng với hơn 100,000 BTC được stake vào nền tảng. Upon launch, Babylon will be the intermediary between Bitcoin and PoS chains, functioning as the control plane. Scaling Bitcoin to secure the decentralized world. An analogy for this would be considering Ethereum as a 19th-century empire that provides protection to its inhabitants, in exchange for taxation (gas fees) and the forbiddance Meet our talented team of developers, researchers, and industry experts, united by our shared passion for blockchain innovation and our vision for a more secure and decentralized world. 6. Babylon Chain Announces Bitcoin Staking Protocol to Tap into Dormant BTC. Weare excited to announce the integration of the Babylon Testnet with Evmos, a significant milestone in the development of secure cross-chain applications. it unsustainable and unscalable for every PoS chain to directly timestamp on to it, which hinders the adoption of Bitcoin staking. Bitcoin staking. Designed for DeFi, LBTC moves seamlessly across chains so holders can lend, borrow, and trade wherever they choose. babylonchain. The latest funding round follows an $18 million raise in December. Dr. Babylon’s vision is to scale Bitcoin to secure the Proof-of-Stake economy. Official Youtube channel of Babylon Chain. Learn More Dec 9, 2023 · David làm Giáo Sư giảng dạy tại trường Đại Học California và Stanford trong gần 30 năm trước khi xây dựng Babylon Chain vào tháng 1/2022. To do that, a validator needs to have a BLS key pair to sign information with. BabylonChain - Babylon’s Testnet Launch Brings Bitcoin Security to PoS Chains in an Evolving Multi-Chain World Unlocking Bitcoin to Secure the Decentralised Economy. BTC timestamping integration. In the future, the Babylon PoS chain will serve as the control plane and marketplace for Bitcoin restaking onto other PoS chains. Create a Keyring and Get Funds. Babylon Brings Desperately Needed Utility To Bitcoin With PoS Staking Protocol. Khoản đầu tư này nhằm mục đích thúc đẩy giao thức đặt cọc Bitcoin sáng tạo của công ty. Discover fundraising information: Funding Rounds, return on investment (ROI), prices of investors, and funds raised by Babylon . Babylon Chain isn't just a protocol; it's a vision for the future of DeFi. Our current testnet, bbn-test-3, allows… BabylonChain is a company that aims to bring Bitcoin security to Proof-of-Stake (PoS) chains and foster an integrated, secure, and decentralized economy. Don’t miss the opportunity to mint yours! Ended. Learn about their mission, vision, research, and events on their LinkedIn page. Babylon is a blockchain project that brings Bitcoin security to Cosmos and beyond. Setting up a Babylon Full Node Before setting up the finality provider toolset, an operator must ensure a working connection with a Babylon full node. Binance Labs has invested in Babylon, a pioneering Bitcoin staking protocol, promoting its interest in the staking and restaking domains. Learn how to integrate a Cosmos Zone with the Babylon BTC timestamping protocol. Babylon is a blockchain project founded by Claude. The Getting Testnet Tokens page contains detailed instructions on how to create a keyring and get funds for it through a faucet. Contribute to babylonchain/babylon development by creating an account on GitHub. Shannon Award recipient, Professor David Tse from Stanford University. Babylon builds security protocols to enhance the security of decentralized systems by leveraging Bitcoin's established security. At its core, Babylon is designed to use Bitcoin as a source of trust and a reliable timestamping service to May 15, 2024 · The Babylon team plans to launch a new testnet towards the end of May 2024. This way, Babylon needs a checkpoint per epoch rather than per block, which reduces the checkpointing costs. This babylond keys show. David explained the shared security model that underpins their protocol: “We start thinking that these proof of stake chains, they Babylon’s vision is to scale Bitcoin to secure the Proof-of-Stake economy. Within each epoch, the validator set does not change. 🏆Prize: Three winners will be anointed as Chief of Meme’s and the prize 1 Million Satoshis each! 👑Glory: Our Chiefs of Memes will be featured at the Babylonian Hall of Fame. 2. , Cosmos zones) to close the gap and achieve the censorship resilience of 1/2. 00 M Jan 9, 2024 · PART 3: Create the Validator. Analytics Insight. Jun 19, 2024 · Babylon Chain's core feature is its Shared Security Protocol, which securely integrates Bitcoin into other chains. May 30, 2024 · 3:23. The project is about leveraging Bitcoin’s vast asset base to enhance the security of Proof-of-Stake (PoS) blockchains. Babylon là gì? Blockchain cho phép staking Bitcoin. BabylonChain - Babylon Testnet (bbn-test-3) Sunset Announcement Unlocking Bitcoin to Secure the Decentralised Economy. Towards this goal, Babylon connects PoS chains to Bitcoin, enabling them to operate in a rollup mode, where Bitcoin is used as an ordering service for the PoS transactions. The project is developed by a team of consensus protocol researchers from Stanford and experienced layer 1 developers from around the world. Display the key details by the given key’s name or address. Funding and Future Plans. BabylonChain - Babylon Bitcoin Staking Testnet-4 Launch Unlocking Bitcoin to Secure the Decentralised Economy. Contact Email admin@babylonchain. Apr 2, 2024 · Babylon Layer: Right at the heart of BabylonChain is the Babylon layer, a custom blockchain that connects Bitcoin with various Proof of Stake (PoS) chains. Babylon Chain extends Bitcoin's functionality beyond a mere asset, making it a foundational element of decentralized security. We are proudly backed by leading investors including Polychain, Hack VC and Framework. 556 followers. The Babylon architecture aims to create a symbiotic relationship between Bitcoin and other Cosmos zones, providing enhanced security and a reliable timestamping service for the broader blockchain ecosystem. This announcement explains the purpose of this testnet and how to prepare for it. Reported checkpoints are first processed by the btccheckpoint module for decoding and then sent to the Checkpointing module for verification. Aug 30, 2022 •. Go. Babylon’s vision is to scale Bitcoin to secure the Proof-of-Stake economy. Our fast-growing team consists of elite scientists and engineers, seasoned marketing and business development professionals, as well as renowned business Official Youtube channel of Babylon Chain. You can run Babylon on lower-spec hardware for each component, but you may find that it is not highly performant or prone to crashing. A Bird's Eye View of the Project. 这种设置确保了双方的稳健安全 Unlocking Bitcoin to Secure the Decentralised Economy. U. They do not need to actively maintain any programs (such as node and finality provider daemons). This collaboration paves that way for developers to create Ethereum-based smart contracts Babylon brings utility to the $1T+ BTC ecosystem through Bitcoin Staking. The Bitcoin Pioneer Pass digital collectible is a commemorative NFT for participating in the first trustless Bitcoin staking protocol by Babylon Chain. Here are some main features of Babylon: Bitcoin staking : People can lock their bitcoins in a contract on the Bitcoin chain, and use them to validate blocks on a proof-of-stake network. Today. Akiba then inquired about Babylon Chain’s unique approach to enabling Bitcoin holders to earn yield by staking their assets securely without bridging or wrapping. May 13, 2024 · No PoS reward: Since there is no Babylon PoS test chain, the test staking reward feature will not be applicable. Official website: https://babylonchain. Status. Investor 07/12/2023: Babylon kêu gọi thành công $18M được dẫn đầu bởi Hack VC và Polychain Capital bên cạnh đó là sự tham gia của Framework, OKX Dec 14, 2023 · Bitcoin Staking Protocol của Babylon cho phép người dùng stake Bitcoin của họ trên các blockchain PoS và kiếm lợi nhuận. In this first post, we will give a bird’s eye view of the project and in the subsequent posts, we will delve deeper into its the various use cases. Validators are expected to submit a BLS signature at the end of each epoch. vigilante Public. Jan 31, 2024 · There is a new development in the crypto space – Babylon Chain. Let's discuss! Jul 7, 2023 · The primary purpose of Babylon’s Bitcoin Staking protocol is twofold: firstly, to provide enhanced security to PoS chains, apps, and appchains, and secondly, it offers a monetary reward, which Babylon’s vision is to scale Bitcoin to secure the Proof-of-Stake economy. Vigilante program for Babylon. The verification workflow is as the following: check whether the signed last_commit_hash of the Babylon’s vision is to scale Bitcoin to secure the Proof-of-Stake economy. Babylon - Bitcoin Pioneer Pass. , and. du rg pr fc yq rj wc ew bs zb