Description

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.

Here's how it works:

Bitcoin Timestamping: Anchors data to Bitcoin for verifiable timestamps. This enhances the security of Proof-of-Stake (PoS) blockchains. It also reduces the unbonding period for staked bitcoins to just a few hours. Critical transactions can be secured using Bitcoin for added safety. Transactions facing censorship can use Babylon to ensure they are processed.
Bitcoin Staking: Uses Bitcoin to provide economic security to decentralized systems. Stakers lock their Bitcoin in a self-custodian vault, which helps validate PoS chain blocks and earn rewards.

In summary, Babylon enhances decentralized system security using Bitcoin. It offers timestamping and staking protocols to improve blockchain security, making the ecosystem safer and more robust.

Team of the Project

David Tse

Co-founder

David Tse is the Thomas Kailath and Guanghan Xu Professor in the School of Engineering at Stanford University. He is a member of the U.S. National Academy of Engineering. His research interests are in information theory, computational genomics, machine learning and blockchains.

Fisher Yu

Co-founder

Fisher Yu, a believer in decentralization and a renowned expert in the realm of blockchain security and cryptography. As an entrepreneur and technical leader, Fisher's profound insights and strategic approach are at the forefront of transforming the digital landscape.

Funding

$103,000,000

Total Funds Raised

$70,000,000

Venture Round

Led by Paradigm.

$18,000,000

Series A

Led by Hack VC and Polychain.

$15,000,000

Seed Round

Led by IDG Capital and Breyer Capital.

Overview

Review

Linity