*Hello everyone, I am Rainight  . I focus on early project interaction and publish interactive tutorials on high-quality projects. Follow me to get the latest interactions.*

Twitter: @ 0xrainight

@babylon  A top project affecting a trillion-dollar market.

babylon introduces BTC security into the POS chain to provide guarantee for the security of the POS chain.

Babylon ’s mission is to build a Bitcoin-powered decentralized world, develop Bitcoin into a trustworthy security pillar of the PoS chain, provide benefits to Bitcoin holders, while promoting an integrated, secure and decentralized economy.

BabylonChain Project Overview

team introduction

BabylonChain’s team consists of consensus protocol researchers from Stanford University and experienced first-level blockchain engineers around the world. The main members include co-founders David Tse and Fisher Yu, Chief Marketing Officer Shalini Wood, Chief Strategy Officer Xinshu Dong, Chief Protocol Economist Sankha Banerjee, etc. ( BabylonChain ).

core team members

1. David Tse - Co-Founder

Professor of electrical engineering at Stanford University, focusing on network and information theory, and has in-depth research on blockchain consensus protocols and security.

1. Fisher Yu - Co-Founder

Computer science expert with rich experience in blockchain development and committed to promoting the innovation and application of blockchain technology.

1. Shalini Wood - Chief Marketing Officer (CMO)

With rich experience in marketing and brand building, he is responsible for the marketing and community building of BabylonChain.

1. Xinshu Dong - Chief Strategy Officer

A veteran in the blockchain industry, responsible for formulating BabylonChain’s strategic planning and business development.

1. Sankha Banerjee - Chief Protocol Economist

PhD in Economics, focusing on the research of blockchain economic models and promoting the optimization and innovation of the BabylonChain economic system.

1. Adam Ettinger - Chief Legal Officer

Professional legal advisor responsible for BabylonChain’s legal compliance and regulatory affairs.

1. Vitalis Salis - Engineering Director

Lead the engineering team of BabylonChain and be responsible for technology development and system architecture design.

1. Cirrus Gai - Senior Research Engineer

Focus on the research and development of blockchain protocols and algorithms.

other key members

• Filippos Malandrakis - DevOps Engineer

• Gurjot Singh - Senior Software Engineer

• Mauro Lacy - Senior Software Engineer

• Rafael Tenfen - Blockchain Developer

• Sina Vaziri - Head of Strategy

• Coleman Maher - Head of Development

Advisory Team

• Sandeep Nailwal - Consultant

• Sunny Aggarwal - Consultant

• Sreeram Kannan - Strategic Advisor

• Zaki Manian - Cosmos Question

• Xiaohong Lin - Business Consultant

• Bin Ren - Question

The BabylonChain team is composed of experts in the blockchain field. They have rich experience and deep knowledge in technology development, economic models, marketing and legal compliance, and are jointly committed to promoting the development of BabylonChain and the innovation of blockchain technology.​ ( BabylonChain )​ ( BabylonChain )​.

Financing

BabylonChain has completed a round of US$18 million in financing, led by Polychain Capital and Hack VC, with participants including Framework Ventures, Polygon Ventures, Castle Island Ventures, OKX Ventures and other investment institutions ( BabylonChain ).

Technical direction

BabylonChain’s main technical directions include:

1. Bitcoin Staking Protocol BabylonChain has developed a Bitcoin staking protocol that allows Bitcoin holders to stake their Bitcoins to enhance the security of the PoS chain. This mechanism not only improves the security of the PoS chain, but also provides additional sources of income for Bitcoin holders. The protocol utilizes Bitcoin’s Proof of Work (PoW) mechanism to apply its powerful security to the PoS chain (BabylonChain) (BabylonChain).

2. Bitcoin Timestamp Protocol The timestamp protocol ensures the immutability and transparency of data by recording the status of the PoS chain on the Bitcoin blockchain. Each timestamp is tied to a block of the Bitcoin blockchain, allowing the PoS chain to leverage the strong security of the Bitcoin blockchain to protect its own data integrity (BabylonChain).

3. Cross-chain interoperability BabylonChain promotes cross-chain interoperability through integration with other blockchains such as Cosmos and Evmos. This feature allows different blockchains to securely exchange data and value, improving the interconnectivity and collaboration capabilities of the entire blockchain ecosystem. For example, BabylonChain’s testnet has successfully integrated Evmos, providing users with more possibilities for cross-chain applications​ (BabylonChain)​ (BabylonChain)​.

4. Smart Contract Capability BabylonChain supports smart contracts and uses the CosmoWasm and Wasmd frameworks to enable developers to build decentralized applications (dApps) on BabylonChain. This ability allows developers to use the security of Bitcoin to build various innovative applications, further expanding the functions and application scenarios of the blockchain (BabylonChain).

5. Security enhancement BabylonChain uses multiple layers of security mechanisms to protect its network, including economic incentives and cryptography technology. By staking Bitcoin as a means of verification, BabylonChain provides additional security against malicious attacks and double-spend issues​ (BabylonChain)​ (BabylonChain)​.

6. Ecosystem Construction BabylonChain actively participates in the construction of blockchain communities and ecosystems, and promotes technological innovation and cooperation by organizing and participating in various industry events. For example, BabylonChain showcases its latest technologies and solutions at events such as ETHDenver 2024 and Cosmoverse 2023, promoting interaction and collaboration with other blockchain projects and communities​ (BabylonChain)​ (BabylonChain)​.

latest progress

BabylonChain has recently participated in a number of important events, demonstrating its technological innovation and community involvement.

1. ETHDenver 2024 At ETHDenver 2024, BabylonChain demonstrated the latest developments in its Bitcoin staking protocol. The protocol allows Bitcoin holders to benefit from staking Bitcoin to enhance the security of the PoS chain. This demonstration attracted the attention of a large number of attendees and further consolidated BabylonChain’s leading position in the field of blockchain security (BabylonChain).

2. Bitcoin Renaissance 2024 As a side event of ETHDenver, Bitcoin Renaissance is co-organized by BabylonChain and brings together many top people in the blockchain field to discuss the latest developments in the Bitcoin ecosystem. During the event, BabylonChain emphasized its contribution in improving Bitcoin security and cross-chain interoperability, marking a new chapter in the application of Bitcoin in blockchain technology (BabylonChain) (BabylonChain).

3. Testnet Integration BabylonChain has testnet integrations with multiple blockchain projects, such as Archway. Through this integration, BabylonChain’s Bitcoin Timestamping Protocol further enhances the security of these blockchains, giving them the same level of trust and security as Bitcoin​ (BabylonChain)​.

4. Cooperation with White Whale Chain BabylonChain also cooperates with the decentralized liquidity center White Whale’s Migaloo Chain, using its Bitcoin timestamp protocol to ensure that all events in liquidity pools and flash loan vaults can enjoy the security of Bitcoin. This cooperation further expands BabylonChain’s application in the field of decentralized finance (DeFi) (BabylonChain).

5. The Bitcoin Staking Revolution BabylonChain has launched the “Join the Bitcoin Staking Revolution” program to encourage Bitcoin holders to participate in the BabylonChain ecosystem, support the PoS chain by staking Bitcoin, and earn profits from it. This plan attracted a large number of users to participate, further promoting the development of BabylonChain (BabylonChain).

Through these activities, BabylonChain actively communicates and cooperates with the global blockchain community to promote technological innovation and ecosystem development.

Latest tasks

BabylonChain has recently been promoting several key tasks and activities:

1. Testnet-4 pre-release : The Babylon team plans to launch the new Testnet-4 at the end of May 2024 . The main goal of this test network is to improve and optimize the existing Bitcoin staking protocol, test new features, and ensure the security and stability of the entire network ( BabylonChain ).

2. The Bitcoin staking test network is open to the public: BabylonChain successfully launched the world’s first trustless Bitcoin staking test network. This testnet allows users to stake Bitcoin for yield, demonstrating significant new uses for Bitcoin beyond being a store of value and a means of payment​ (BabylonChain)​。

3. Become a validator and finality provider : BabylonChain invites community members to participate in becoming a validator and finality provider. Participants need to configure a full node, create a key pair, and submit the corresponding signatures and transactions ( Babylon Docs )​ ( Babylon Docs )​.

4. Vigilante Program : BabylonChain has launched the Vigilante Program, which aims to strengthen network security by running independent reporter, submitter, and monitor programs. Participants need to run synchronized Babylon and Bitcoin full nodes and set them up according to the configuration files ( Babylon Docs )​.

If you want to participate in the next activity, remember to get test token

https://signetfaucet.com/

Join the Discord to learn more about the Bitcoin staking revolution.

===========================

Follow Rainight to get the latest interactive tutorials

community contribution

EQUINØX Dashboard - Cosmos Blockchain Explorer And Web Wallet