Babylon: Testnet based on BTC Signet has been launched

ChainCatcher News, the Bitcoin staking protocol Babylon has announced the launch of a testnet based on BTC Signet, which includes: Bitcoin staking, supporting common PoS features, with the Babylon PoS chain being the first PoS chain it protects; a Bitcoin staking web application that allows non-technical users to experience Bitcoin staking; Bitcoin timestamp, a service that provides the cross-chain time synchronization primitive required for Bitcoin re-staking, which also protects the PoS system from remote attacks; CosmWasm runtime, allowing DApps and rollups to build on Babylon using Wasm smart contracts while enjoying Bitcoin security.

Babylon stated that the testnet is open to everyone, and the code is open source. The testnet is undergoing a security audit and will launch a more stable testnet in a few months to prepare for the mainnet launch.