Bitcoin Staking Protocol Babylon: Bitcoin Staking is Coming to Cosmos

2024-02-13 12:51:00

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ChainCatcher news, the Bitcoin staking protocol Babylon announced on platform X that Bitcoin staking is set to land on Cosmos Hub. Babylon will collaborate with Informal Systems to introduce the Bitcoin staking protocol to Cosmos, transforming Cosmos Hub into a multi-asset security aggregator supported by ATOM, BTC, and ecosystem tokens.

In previous news, the Bitcoin staking protocol Babylon completed a $18 million Series A funding round, led by Polychain Capital and Hack VC. Babylon has also integrated Ordinals technology, aiming to provide Bitcoin with additional use cases beyond being a store of value.

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