Cosmos has observed a drop of more than 14.5%. Meanwhile, #Atom has been observing a consolidated momentum from the past few days
#crypto #CosmosSDK #TradingCommunity

With this upgrade, Eden celebrates the CometBFT and Cosmos SDK teams' efforts to improve the Cosmos ecosystem.

https://blockchainreporter.net/eden-upgrade-v0-50-boosts-cosmos-sdk-chain-performance/

Binance Labs backs Babylon's groundbreaking Bitcoin staking protocol. 🔥✅

Binance Labs, the venture capital arm of Binance, has recently thrown its weight behind Babylon, a 2022-founded blockchain project causing ripples in the industry. At the core of Babylon's innovation is a groundbreaking Bitcoin Staking Protocol, offering Bitcoin holders a secure avenue to earn yields from Proof-of-Stake (PoS) chains.

🔸Bitcoin Staking Protocol:

Babylon's protocol allows users to stake bitcoins for PoS blockchains, eliminating the need for third-party custody or wrapping services.

This introduces slashable economic security guarantees to PoS chains while enhancing liquidity for Bitcoin holders.

🔸Reducing Inflationary Pressure:

Babylon addresses challenges faced by PoS chains with native assets' volatility by allowing them to acquire staking capital from Bitcoin.

This move reduces inflationary pressure on native tokens, offering a new dynamic to the PoS ecosystem.

🔸Unlocking Utility for Bitcoin:

Babylon's protocol gives Bitcoin, traditionally viewed as a store of value, a new purpose by enabling secure and decentralized yield generation.

This marks a significant use case integration for Bitcoin in the evolving Proof-of-Stake economy.

🔸Babylon Chain and Cosmos SDK:

Utilizing the Cosmos SDK, Babylon chain provides Bitcoin timestamping services to PoS chains.

It acts as a crucial control plane synchronizing between the Bitcoin network and PoS chains.

🔸Leadership and Foundation:

Babylon is led by consensus protocol researchers from Stanford and seasoned Layer-1 engineers.

Founded by Stanford Professor David Tse and Dr. Fisher Yu, Babylon aims to scale Bitcoin for the decentralized economy.

🔸About Babylon:

Founded in 2022, Babylon is on a mission to scale Bitcoin for the decentralized economy through innovative security-sharing protocols. Its suite includes Bitcoin Staking, Timestamping, and Data Availability.

#Babylon #BinanceLabs #Cosmos #CosmosSDK