The Babylon project launches mining at Binance Square, innovatively bringing Bitcoin into cross-chain security sharing.
babylon began activity mining on Binance Square
Feel free to write articles.
Babylon pulls sleeping Bitcoin into the security sharing of the staking chain.
First, lock Bitcoin in a native script, using a one-time signature to record validators' voting behavior; misbehavior can be forfeited;
Then sync the state to the target chain via light-client proofs, allowing that chain to borrow Bitcoin's economic security;
Finally, a forfeiture mechanism ensures no one can misbehave with real assets.
Native staking plus cross-chain bridging plus forfeiture is the key that differentiates this solution from traditional wrapped Bitcoin. $BABY is the governance and utility token of this chain, handling on-chain governance, staking reward distribution, and validator incentives.
@babylonlabs_io #baby #比特币质押 #跨链安全