
Stesha 🎩
@stesha
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Hello friends!
An interesting information.
Babylon Labs has launched bitcoin staking in its Babylon protocol. By placing BTC in staking, users will provide the Babylon Genesis network with security, which is supported in the Bitcoin blockchain thanks to the Proof of Stake (PoS) consensus algorithm, and they will also be able to receive rewards for participation.
The developers emphasize that staking is non—custodial, which means that holders retain sole control over their coins. After the public launch of the Babylon Genesis network, the staking limit is 1,000 coins. It will be canceled within two weeks, which will allow you to put the remaining coins of users into staking and start accepting new ones.
According to the developers, this will make the network one of the most secure in the world, as billions of dollars worth of bitcoins will be placed in it.
So, who has bitcoin, you have opportunity to lock it up. 2 replies
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