Babylon (BABY): Unlocking Bitcoin's Potential in the Proof-of-Stake Ecosystem
What is Babylon (BABY)?
Babylon (BABY) is a decentralized protocol designed to enable native Bitcoin staking directly on the Bitcoin blockchain without intermediaries. It does this through a unique architecture that uses Bitcoin scripts, custom-built modules, and a connection to a secondary blockchain called Babylon Genesis.
It introduces a novel shared-security architecture that extends Bitcoin's robust security model to the broader decentralized ecosystem. By allowing BTC holders to participate in staking operations while maintaining their assets on the Bitcoin network, Babylon provides verifiable security guarantees to other networks that are parts of the Bitcoin Secured Networks (BSNs).
With Babylon, users don’t have to give up control of their Bitcoin. They keep it in their own wallets, and the protocol ensures their BTC is being used in a secure and trustless manner.
Who Created Babylon (BABY)?
Founded in 2022, Babylon was established by Stanford Professor David Tse and Dr. Fisher Yu.
● Professor Tse is renowned for his contributions to engineering and has received prestigious awards such as the IEEE Claude E. Shannon Award and the IEEE Richard W. Hamming Medal.
● Dr. Yu is a blockchain security expert and tech entrepreneur, known for his impactful work in blockchain scaling and data availability. Together, they lead a team of consensus protocol researchers and experienced layer 1 engineers from around the world
What VCs Back Babylon (BABY)?
Babylon has attracted significant attention from the venture capital community.
In December 2023, the protocol raised $18 million in a Series A funding round co-led by Polychain Capital and Hack VC. Other participants included Framework Ventures, Polygon Ventures, Castle Island Ventures, OKX Ventures, and Symbolic Capital.
In May 2024, Babylon secured an additional $70 million in funding led by Paradigm, with participation from Bullish Capital, Polychain Capital, Hashkey Capital, Mantle, Galaxy, Hack VC, and others. These investments underscore the confidence that prominent venture capital firms have in Babylon's vision and potential.
How Babylon (BABY) Works
Babylon's protocol allows Bitcoin holders to stake their assets on PoS blockchains without the need for wrapping or bridging, thereby maintaining the integrity and security of their BTC holdings. The process involves several key components:
1. Staking Bitcoin: BTC holders initiate staking by sending a transaction that locks their Bitcoin in a self-custodial vault. This setup ensures that the assets remain under the staker's control without reliance on third parties.
2. Validation on PoS Chains:
● Once the staking transaction is confirmed, the staker, or a delegated validator, can begin validating transactions on the PoS chain. It’s worth noting that stakers can delegate their voting power to validators who participate in the consensus process of other PoS chains. This delegation involves only the voting power; the actual BTC remains securely locked in the staker's vault.
● To synchronize PoS chains with the Bitcoin network, Babylon utilizes Bitcoin's timestamping feature. This process involves embedding snapshots of the PoS chain's state onto the Bitcoin blockchain, creating an immutable record that enhances security. It also facilitates faster unbonding periods, allowing stakers to withdraw their BTC more quickly compared to traditional PoS systems.
● Honest participation earns benefits, while malicious behavior, such as double-signing, can lead to penalties.
3. Security Mechanisms: Babylon employs Extractable One-Time Signatures (EOTS) and a covenant committee to enable slashing mechanism, which means that a portion of the staked BTC will be forfeited. If malicious behavior is detected, the protocol can enforce penalties, ensuring the integrity of the network.
4. Unstaking: To unstake, they can either wait for a predetermined time-lock to expire or submit an unbonding transaction, after which their BTC is unlocked and returned. This design ensures that stakers have a clear and secure path to retrieve their assets.
BABY Goes Live on Bitget
Babylon represents a major leap forward for both Bitcoin and the broader blockchain world. By enabling native Bitcoin staking to be used for enhancing the security of PoS chains, Babylon unlocks powerful new possibilities. Bitcoin holders can now earn incentives without giving up control of their assets, while PoS networks gain the benefit of Bitcoin’s unmatched security and liquidity. This trustless, decentralized model strengthens the entire Web3 ecosystem.
With a solid foundation led by respected academics and backed by strong technical architecture, Babylon is well-positioned to become a critical part of the next generation of blockchain infrastructure.
As the Babylon network grows, its native token, BABY, plays a central role in governance, transactions, and securing the ecosystem. For those interested in supporting the protocol or participating in its growth, BABY is now available for trading on Bitget.
Take this chance to be part of a protocol that's redefining what Bitcoin can do.
BABY on Bitget Spot
We are thrilled to announce that Babylon (BABY) will be listed in the Innovation and DeFi Zone. Check out the details below:
Deposit Available: Opened
Trading Available: 10 April 2025, 10:00 (UTC)
Withdrawal Available: 11 April 2025, 11:00 (UTC)
Spot Trading Link: BABY/USDT
Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.
