Dan Trifan
@dantrifan
Babylon, a layer 1 blockchain aimed to bring Bitcoin's unparalleled security to all PoS blockchains without any extra energy cost. Babylon hopes to achieve this by using Bitcoin as a staking asset, allowing proof-of-stake chains to obtain funding from the value stored in BTC that would otherwise be inside of wallets, doing nothing. Recently, in a funding round led by Paradigm, Babylon was able to raise $70 million. HUGE!
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