PANews, January 7 news, according to official news, the Bitcoin staking protocol Babylon announced that it will launch the second phase of the testnet on January 8. The block production for the second phase will start at 9:00 AM UTC (5:00 PM Beijing time on January 8), and the staking network application will go live at 10:00 AM UTC (6:00 PM Beijing time on January 8). This phase will focus on testing the migration registration of the first phase Signet Bitcoin staking, as well as interactions with various protocol participants, including Bitcoin stakers, final confirmation providers, validators, Liquid staking protocols, etc.
The testnet supports permissionless smart contract deployment, with a single staking limit of 0.0005-350 Signet BTC, and an unbinding period of approximately 16-17 hours (100 Bitcoin blocks). The project is open for global testing but restricts participation from users in the United States, Canada, Australia, and mainland China.
