Babylon Chain (BABY)
Babylon crypto protocol is a blockchain infrastructure product that enables users to non-custodially stake Bitcoin in order to secure proof-of-stake networks. It achieves this by utilizing the sharing security model while implementing a Bitcoin timestamping mechanism in order to make the PoS protocols more fork and long-range attack resilient.
Since its inception in 2022, Babylon network has managed to raise an impressive $96M from top tier funds and investors including Binance labs, Paradigm, Polychain and many more.
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