Bitcoin Staking

Imagine having the opportunity to utilize your BTC from your wallet to earn rewards by just staking them. This is without the burden of high power and energy consumption, that`s innovation by Babylon Chain.

It is a proof-of-stake (PoS) blockchain that consists of two innovative security-sharing protocols between Bitcoin and other PoS blockchains:

Bitcoin timestamping: This protocol sends succinct and verifiable timestamps of PoS blockchains to Bitcoin; and

Bitcoin staking: Using Bitcoin timestamping as a building block, this protocol allows Bitcoin holders to stake their Bitcoin to PoS blockchains.

Babylon's Bitcoin staking protocol allows Bitcoin holders to stake their BTC to PoS blockchains, without the BTC moving out of their wallets. It provides security guarantees to the PoS chain while ensuring efficient stake unbonding to enhance liquidity for Bitcoin holders. This protocol is designed as a modular plug-in compatible with various PoS consensus algorithms and serves as a foundational component for building restaking protocols.

Security guarantees​

Babylon's BTC staking protocol achieves the following security properties:

Fully Slashable PoS Security: In the event of a safety violation, 1/3 of the Bitcoin stake is guaranteed to be slashed. As long as a minimum of 2/3 of the Bitcoin stake follows the PoS protocol, the PoS blockchain remains live.

Staker Security: Stakers are guaranteed to be able to withdraw their BTC (i.e., unbond), as long as they follow the PoS protocol.

Staker Liquidity: Unbonding of the staked BTC is guaranteed to be secure and fast without the need of social consensus.

Read more here:

https://www.babylonchain.io/

Join the community: https://discord.gg/babylonglobal