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Author: Admin | 2025-04-27
Via Babylon Reddit post and Babylon Labs) Restaking and Babylon’s Mission to Scale the Decentralized Economy Babylon’s larger mission is to scale Bitcoin to secure the decentralized crypto economy. To realize this goal, Babylon makes use of three primary aspects of Bitcoin: its tokenized asset, its robust timestamping service, and its inherently censorship-resistant blockspace. To harness these characteristics, Babylon is conceptualizing three state-of-the-art security-sharing protocols. These include: the Bitcoin Staking Protocol, the Bitcoin Data Availability Protocol, and the Bitcoin Timestamping Protocol. If you’d like to learn more about how these protocols work, consider reading our article on Babylon's technical architecture. These pioneering platforms allow Babylon to provide accessibility to nearly any Proof of Stake Cosmos chain as a means to utilize bitcoin staking, data availability (DA), bitcoin timestamping, and bitcoin restaking. As a reminder, restaking is a new paradigm in decentralized finance (DeFi) that allows previously staked assets to be simultaneously staked a second time within an alternative platform or protocol. Essentially, blockchain-specific assets (such as ether (ETH) or others) are deposited and staked within a protocol operating on a mainchain. In return, the user receives specialized tokens called liquid restaking tokens (LRTs), which are then bonded and staked again within a separate platform. In addition to typical Cosmos Layer 1’s, Babylon’s Bitcoin staking protocol allows non-Cosmos PoS chains, Layer 2’s, data availability (DA) networks, oracles, and more to harness staking capital from the Bitcoin protocol, the largest, decentralized blockchain network in the world. This functionality greatly enhances the utility of the staked asset because it dramatically increases the potential rewards that can be accrued by both validators and nominators (i.e., delegators). Babylon’s mission is to bring security-as-a-service to Proof of Stake blockchains through staking and restaking via the Bitcoin network. Babylon helps provide aggregated security to Cosmos zones via the Bitcoin network in a manner that allows stakers to earn incentivized staking rewards on their bitcoin (BTC). (Image Credit: All the Security of Bitcoin on Cosmos Hub with Babylon via Panofsky via the Medium blog) Babylon Chain History and Founding Babylon chain was founded in May 2022 by CEO
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