ABCDE Capital announces investment in Bitcoin ecological staking infrastructure Babylon

2023-12-04 10:51:04

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ChainCatcher news, ABCDE Capital announced that it has invested in the Bitcoin ecosystem staking infrastructure Babylon, with the specific amount not disclosed yet.

ChainCatcher previously reported in July that the project Babylon, which aims to bring Bitcoin security to PoS networks and DApps, plans to launch a Bitcoin staking protocol and release the first public version of its Bitcoin staking protocol LitePaper on the Babylon forum. The protocol allows Bitcoin holders to enhance the security of PoS chains and DApps through staking Bitcoin and earn rewards, while PoS chains and DApps can choose to integrate an economically secure mechanism supported by Bitcoin. This protocol does not require cross-chain, anchoring, or any third-party custody, and can be seamlessly deployed on the existing Bitcoin network.

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