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Babylon and Axelar Bring Bitcoin Staking to Over 70 Chains

Four-billion-dollar bitcoin staking protocol Babylon and blockchain interoperability platform Axelar announced on Thursday, an integration that will provide self-custodial bitcoin ( BTC) staking to more than seventy chains.

Babylon also unveiled on the same day, its Babylon Genesis blockchain, built using Cosmos’ CometBTF Interchain stack, and powered by a native token dubbed “baby.” What makes the Babylon protocol unique is its ability to enable holders of BTC to provide cryptographic security to proof-of-stake (PoS) networks in a self-custodial manner, without the need for intermediaries or bridges.

And now, with the Axelar integration also in place, the baby token, which can be staked to secure the Genesis chain, will be made available to Axelar’s network of more than seventy blockchain platforms.

Babylon and Axelar Bring Bitcoin Staking to Over 70 Chains

Four-billion-dollar bitcoin staking protocol Babylon and blockchain interoperability platform Axelar announced on Thursday, an integration that will provide self-custodial bitcoin ( BTC) staking to more than seventy chains.

Babylon also unveiled on the same day, its Babylon Genesis blockchain, built using Cosmos’ CometBTF Interchain stack, and powered by a native token dubbed “baby.” What makes the Babylon protocol unique is its ability to enable holders of BTC to provide cryptographic security to proof-of-stake (PoS) networks in a self-custodial manner, without the need for intermediaries or bridges.

And now, with the Axelar integration also in place, the baby token, which can be staked to secure the Genesis chain, will be made available to Axelar’s network of more than seventy blockchain platforms.

https://news.bitcoin.com/babylon-and-axelar-bring-bitcoin-staking-to-over-70-chains/