Babylon is a Bitcoin Staking Protocol dedicated to enhancing security for decentralized systems using Bitcoin's strengths. It leverages Bitcoin's asset, Proof-of-Work (PoW) secured timestamping, and its censorship-resistant blockspace.
Overview
Review
Key Benefits
Enhanced Security
Fully Slashable PoS Security
Staker Liquidity
Protection of Important Transactions
Trustless and Self-Custodian Staking
Customizable Timestamping Services
Red Flags
Complexity
Dependency on Bitcoin
Slashing Risks
Initial Development Stage
Timelock Constraints
Resource Intensive