g. Apr 2, 2024 · Babylon Chain History and Founding Babylon chain was founded in May 2022 by CEO David Tse and CTO Fisher Yu. 0. Babylon strengthens the security of the Cosmos ecosystem and other Proof of Stake (PoS) chains by leveraging Bitcoin’s technology as a timestamping server. Founded Date Jan 2022. Operating Status Active. BabylonChain is a company that aims to bring Bitcoin security to Proof-of-Stake (PoS) chains and foster an integrated, secure, and decentralized economy. 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。. it unsustainable and unscalable for every PoS chain to directly timestamp on to it, which hinders the adoption of Bitcoin staking. In addition, 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. Status. With a team set to grow beyond its current 15 members, Babylon Chain is at the forefront of a new chapter in decentralized finance. Babylon Chain Announces Bitcoin Staking Protocol to Tap into Dormant BTC. S. BabylonChain - Babylon Bitcoin Staking Testnet-4 Launch Unlocking Bitcoin to Secure the Decentralised Economy. BabylonChain - Babylon’s Testnet Launch Brings Bitcoin Security to PoS Chains in an Evolving Multi-Chain World Unlocking Bitcoin to Secure the Decentralised Economy. Learn how to integrate a Cosmos Zone with the Babylon BTC timestamping protocol. At its core, Babylon is designed to use Bitcoin as a source of trust and a reliable timestamping service to Babylon’s vision is to scale Bitcoin to secure the Proof-of-Stake economy. Read on to explore the crypto revolution May 13, 2024 · No PoS reward: Since there is no Babylon PoS test chain, the test staking reward feature will not be applicable. vigilante Public. To solve this problem, the Babylon team has designed a secure Bitcoin timestamping protocol and implemented it as a Cosmos-SDK based Babylon chain. Learn more at https://www. No voting: For the same reason, finality providers will only need to publish their EOTS public key to allow stake delegation. Reported checkpoints are first processed by the btccheckpoint module for decoding and then sent to the Checkpointing module for verification. 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. to acquire staking capital from bitcoin, the largest, decentralized crypto asset in the world. In a simplified context, Babylon acts as a middleware or connectivity layer between the Cosmos ecosystem, its many independent chains, and the Bitcoin blockchain. Babylon Chain extends Bitcoin's functionality beyond a mere asset, making it a foundational element of decentralized security. It provides two inter-connected protocols: Bitcoin timestamping: Submits succinct and verifiable timestamps of any data (such as PoS blockchains) to Bitcoin. Create a Keyring and Get Funds. 6. This announcement explains the purpose of this testnet and how to prepare for it. Official website: https://babylonchain. Company Type For Profit. Babylon Chain isn't just a protocol; it's a vision for the future of DeFi. 556 followers. Babylon Brings Desperately Needed Utility To Bitcoin With PoS Staking Protocol. Browse the latest blocks on the Babylon (BBN) blockchain. Feb 27, 2024 · Babylon also has a chain that connects Bitcoin and the proof-of-stake networks, and records important information on both sides. 1. Designed for DeFi, LBTC moves seamlessly across chains so holders can lend, borrow, and trade wherever they choose. 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. May 30, 2024 · This latest round of investment will propel Babylon's mission to enable a Bitcoin-secured decentralized economy. David Tse discusses the importance of increasing the value of Bitcoin to maintain high security and value. David explained the shared security model that underpins their protocol: “We start thinking that these proof of stake chains, they The Bigger Picture. LBTC is a secure and yield-bearing Bitcoin LRT, developed by Lombard on top of Babylon. 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. Contribute to babylonchain/babylon development by creating an account on GitHub. 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. The epoching module achieves this by delaying the execution of transactions that affect Babylon can help PoS chains with slashability guarantees (e. # 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. Learn about their mission, vision, research, and events on their LinkedIn page. Vigilante program for Babylon. 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. In the future, the Babylon PoS chain will serve as the control plane and marketplace for Bitcoin restaking onto other PoS chains. They do not need to actively maintain any programs (such as node and finality provider daemons). This method 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 released its testnet as a first step to providing a new type of security for Cosmos chains. There’s a limited supply of passes and only those who have claimed the pass during the Bitcoin staking testnet event can mint it. This page provides an introduction to the protocol. io Official Twitter account At Babylon, we envision a future where Bitcoin and Proof-of-Stake (PoS) chains thrive together. Activate Bitcoin Timestamping for Your Chain in 5mins. Contact Email admin@babylonchain. Shannon Award recipient, fellow of U. 3. Business Insider. 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. TL;DR. Apr 4, 2024 · Toàn tập thông tin về dự án Babylon Chain. Bridging the Gap between Bitcoin Security and Ethereum’s Smart Contract Ecosystem. In the competitive world of Web3, blockchain developers often struggle to create pragmatic business models that can 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. 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 Unlocking Bitcoin to Secure the Decentralised Economy. Our fast-growing team consists of elite scientists and engineers, seasoned marketing and business development professionals, as well as renowned business Apr 4, 2024 · Unboxing Babylon’s Technical Architecture. 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 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. May 2, 2024 · Introducing Babylon Chain and Bitcoin Staking. https://babylonchain. Babylon - Bitcoin Pioneer Pass. Oct 2, 2023. May 15, 2024 · The Babylon team plans to launch a new testnet towards the end of May 2024. Babylon has raised $8M in a seed 1. Also Known As BBL. 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. Babylon’s vision is to scale Bitcoin to secure the Proof-of-Stake economy. Let's discuss! Dec 14, 2023 · Bitcoin Staking Protocol của Babylon cho phép người dùng stake Bitcoin của họ trên các blockchain PoS và kiếm lợi nhuận. Today. Babylon has a two-layer governance system. 1. BTC timestamping integration. 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 May 30, 2024 · 3:23. It handles transactions, runs smart All Pending Active Unbonding Unbonded Slashed Withdrawn. BabylonChain - Babylon Testnet (bbn-test-3) Sunset Announcement Unlocking Bitcoin to Secure the Decentralised Economy. The project is developed by a team of consensus protocol researchers from Stanford and experienced layer 1 developers from around the world. Bitcoin staking. 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. Last Funding Type Series B. Setting up a validator on Babylon is different from typical Cosmos SDK chains. Babylon’s vision is to scale Bitcoin to secure the Proof-of-Stake economy. This Unlocking Bitcoin to Secure the Decentralised Economy. Tse obtained his PhD in electrical, electronics, and communications engineering at the MIT School of Engineering between 1989 and 1994. The Bitcoin Pioneer Pass digital collectible is a commemorative NFT for participating in the first trustless Bitcoin staking protocol by Babylon Chain. Babylon is a blockchain project that brings Bitcoin security to Cosmos and beyond. Within each epoch, the validator set does not change. 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. View block height, timestamp, and transaction count. , and. A bird's eye overview of the project. 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. 00 Bitcoin (BTC) Staking Concept Proposed by Babylon at Cosmoverse 2023. io. 这种设置确保了双方的稳健安全 Mar 20, 2023 · Additionally, Babylon’s solution provides much-needed protection for high-value asset transfers across bridges between PoS chains. 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. Babylon’s Self-custodial BTC Staking. A program that is co-created by its own 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. Kamilla Nazirkhanova. Initialize the Node Directory 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. Multisig key will be generated if multiple addresses or names are specified. May 30, 2024 · Babylon Bitcoin Staking protocol allows Proof-of-Stake ("PoS") systems such as PoS chains, L2s, Data Availability (DA) layers, oracles, etc. This way, Babylon needs a checkpoint per epoch rather than per block, which reduces the checkpointing costs. Dr. Get in Guide Fundraising $96. Aug 15, 2023 · Babylon @ Cosmoverse 2022 – David Tse Introduced Babylon. The project’s mission is to bring Bitcoin’s 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. Legal Name BabylonChain Inc. 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. With David Matranga, Yûichi Nakamura. BabylonChain - Polychain Capital and Hack VC Lead $18 Million Funding Round for Bitcoin Staking Protocol Babylon Unlocking Bitcoin to Secure the Decentralised Economy. Babylon Testnet & Future Plans. Ngày 28/2/2024, Babylon ra mắt bản testnet cho phép người dùng tham gia trải nghiệm sớm. Assets 2. 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. We would like to show you a description here but the site won’t allow us. admin@babylonchain. About Us. 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. 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. This maintains Bitcoin's robust security while protecting against potential PoS attacks. Create a BLS key. 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 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 Sep 23, 2022 · Babylon Chain : PoS에서 OP_RETURN의 활용 목적이야 어쨌든, 제일 탈중앙화된 블록체인인 비트코인에 내가 하고 싶은 말을 적을 수 있다는 점은 여러 Feb 1, 2024 · Babylon Chain — Detailed Node Setup Guide. Feb 7, 2023 · Compare. Main repo for Babylon full node. Review the white paper, team, and financial overview. 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. 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. Extractable One-Time Signature (EOTS) Slashing. Official Youtube channel of Babylon Chain. It is highly recommended that operators run their own node to avoid trusting third parties. Babylon Bitcoin Staking protocol allows Proof-of-Stake ("PoS") systems such as PoS chains, L2s, Data Availability (DA) layers, oracles, etc. 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. Jul 28, 2023. For the latest information and setup instructions, please refer to my new . Our current testnet, bbn-test-3, allows… Babylon is a blockchain project founded by Claude. 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 Jun 26, 2023 · Babylon Chain was founded in 2021 and has integrated with 28 Cosmos chains on its testnet. Nov 6, 2022 · Expanding from Chain A to multiple Chains submitting checkpoints to Babylon, we see that Babylon becomes a checkpoint aggregator. It then inserts these aggregated checkpoints into the Bitcoin network. 00 M Babylon’s vision is to scale Bitcoin to secure the Proof-of-Stake economy. Babylon PoS chain will be the first PoS chain it secures. 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. 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. Babylon is blockchain project founded by Claude. Display the key details by the given key’s name or address. 2. This collaboration paves that way for developers to create Ethereum-based smart contracts 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. Aug 30, 2022 •. Bitcoin staking: Enables Bitcoin holders to provide economic security to any decentralized system A Bird's Eye View of the Project. , Cosmos zones) to close the gap and achieve the censorship resilience of 1/2. Sep 26, 2022. The Getting Testnet Tokens page contains detailed instructions on how to create a keyring and get funds for it through a faucet. BabylonChain - Forkless Rollups with Bitcoin Staking Unlocking Bitcoin to Secure the Decentralised Economy. A groundbreaking project built on the Cosmos SDK enables the unthinkable: Bitcoin staking. Babylon brings utility to the $1T+ BTC ecosystem through Bitcoin Staking. There’s a limited supply of passes. E. Babylon builds security protocols to enhance the security of decentralized systems by leveraging Bitcoin's established security. Chỉ sau 2 tháng hoạt động, dự án đã thu hút cộng đồng với hơn 100,000 BTC được stake vào nền tảng. The Block announces Emergence: join us in Prague December 5-6, 2024. Giao thức này được 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 。. Effectively, timestamping adds BTC security to new and existing PoS chains. During the rollup mode, the PoS Babylon’s vision is to scale Bitcoin to secure the Proof-of-Stake economy. Rewards. Bitcoin Staking complements Babylon’s Bitcoin Timestamping, which sends critical consensus data The Checkpointing module verifies raw checkpoints reported from BTC to Babylon by a vigilante reporter . 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 Jun 19, 2024 · Babylon Chain's core feature is its Shared Security Protocol, which securely integrates Bitcoin into other chains. Learn More Discover fundraising information: Funding Rounds, return on investment (ROI), prices of investors, and funds raised by Babylon . Click to read BabylonChain, by Ertem Nusret Tas, a Substack publication. Binance Labs has invested in Babylon, a pioneering Bitcoin staking protocol, promoting its interest in the staking and restaking domains. babylond keys show. Shannon Award recipient, Professor David Tse from Stanford University. babylon Public. Feb 27, 2024 · The Babylon protocol is slated to launch around the next Bitcoin halving, expected in April 2024. Aug 30, 2022 · Aug 30, 2022. Validators are expected to submit a BLS signature at the end of each epoch. Unlocking Bitcoin to Secure the Decentralised Economy. Sep 15, 2023 · Introducing the Babylonian Ambassador Program. Babylon Testnet Integration Strengthens Archway with Robust Bitcoin Security. Babylon is currently on The Babylon chain ensures the availability of data behind checkpoints to prevent attackers from timestamping unavailable data. 2. Funding and Future Plans. Instructions on how to set up a full Babylon node can be found in the Babylon documentation. We are proudly backed by leading investors including Polychain, Hack VC and Framework. Bringing Bitcoin security to Cosmos and beyond. The project is about leveraging Bitcoin’s vast asset base to enhance the security of Proof-of-Stake (PoS) blockchains. 🏆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. U. Release v0. The project’s mission is to unlock Bitcoin security for the decentralized world. The Bitcoin Pioneer Pass will grant access to exclusive features, special rewards, and a place in our elite community. 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. 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. Our fast-growing team consists of engineers Jan 6, 2020 · Chain: Directed by Kiyotaka Suzuki. The latest funding round follows an $18 million raise in December. It represents a significant step toward a more integrated, secure, and efficient blockchain ecosystem. Jan 9, 2024 · PART 3: Create the Validator. , Ertem Nusret Tas. 003. to acquire staking capital from bitcoin, the The Babylon blockchain is divided into epochs that consist of a parameterized number of blocks. Staker 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. Welcome to Babylon! Babylon is a community-led asset management protocol that enables users to invest in DeFi together. The verification workflow is as the following: check whether the signed last_commit_hash of the 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. You need to use the command babylond tx checkpointing create-validator. 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. Founders David Tse, Fisher Yu. babylonchain. To do that, a validator needs to have a BLS key pair to sign information with. By offering bitcoin (BTC) staking on nearly any Cosmos chain, Babylon eliminates many of the barriers to entry that staking is susceptible Scaling Bitcoin to secure the decentralized world. Babylon’s impact on Bitcoin Ecosystem. to declare their adoption of the suicide law. Analytics Insight. Jan 31, 2024 · There is a new development in the crypto space – Babylon Chain. Upon launch, Babylon will be the intermediary between Bitcoin and PoS chains, functioning as the control plane. The city of Hartford becomes the first city in the U. Don’t miss the opportunity to mint yours! Ended. Weare excited to announce the integration of the Babylon Testnet with Evmos, a significant milestone in the development of secure cross-chain applications. Babylon provides a suite of security-sharing protocols between Bitcoin and the PoS world. It's built on the Ethereum network and it's non-custodial, transparent, permission-less, and governed by the community. Babylon là gì? Blockchain cho phép staking Bitcoin. Go. Common PoS features, such as stake delegation, on-demand unstaking, and partial slashing, are all supported. 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. Scaling Bitcoin to secure the decentralized world. May 20, 2024 · Babylon Chain is a market-leader in incorporating Bitcoin's security into the decentralized finance landscape. A program is designed to reward community members with exclusive rewards for helping Babylon Chain grow. David Tse. BabylonChain - A New Chapter for Bitcoin — Recap of Bitcoin Renaissance 2024 Unlocking Bitcoin to Secure the Decentralised Economy. Khoản đầu tư này nhằm mục đích thúc đẩy giao thức đặt cọc Bitcoin sáng tạo của công ty. 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. Version 0. ) with Ethereum restaking and Cosmos mesh security protocols, the asset has been staked to the provider Feb 28, 2024 · What’s in This Testnet. zo xt cp qc cz sq js mr kk lr