ompong.base.eth
@ompong
What Does Babylon Phase-1 Launch Mean?
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ompong.base.eth
@ompong
Phase-1 Milestone Babylon has successfully completed Phase-1 of its Bitcoin staking protocol, achieving a Total Value Locked (TVL) of $6 billion. While this is significant, Bitcoin staking infrastructure is still in its early stages and lacks broad support, indicating even greater potential ahead
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ompong.base.eth
@ompong
Significance of the Launch: - Phase-1 provides hope for bridging the crypto world with the mainstream - There are three realms: mainstream, Bitcoin, and altcoins - While innovation thrives in the altcoin realm, its growth is constrained by limited capital, security, liquidity, users, and adoption
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ompong.base.eth
@ompong
- Bitcoin leads crypto adoption in the mainstream realm and possesses the capital, security, and liquidity that altcoins lack. - However, the connection between Bitcoin and altcoin realms is weak, limiting Bitcoin's ability to empower altcoins.
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ompong.base.eth
@ompong
- Babylon aims to create Bitcoin use cases that empower the altcoin realm, bridging gaps in capital, security, liquidity, users, and adoption while giving the mainstream more reasons to adopt Bitcoin.
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ompong.base.eth
@ompong
Diverse Participation: - The Phase-1 launch demonstrates that Bitcoin and mainstream realms are ready to embrace altcoins.
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ompong.base.eth
@ompong
- Phase-1 stakers come from various backgrounds, including small and large Bitcoin holders, retail investors, and institutions, showcasing the potential for consensus in connecting with the altcoin realm.
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