The world’s largest password exchange platform through trading volume adds support for the new Bitcoin (BTC) Stay King Protocol.
Binance said in a new announcement that the BTC staking project Babylon (Baby) will be added to a large digital asset product line.
Babylon, which started Babylonian Genesis today, has increased its value after receiving support from Binance.
A few hours later, the baby went to $ 0.099 at $ 0.084 at $ 0.084 daily. Since then, he has returned to $ 0.087 at the time of writing, and has increased 4.6% over the last 24 hours.
According to the official LITEPAPER of the project, the protocol was designed to solve the problem of waiting time, security and programming related to BTC, and the Layer-2 project had difficulty in the past.
“Bitcoin is the first and still the highest blockchain in terms of market capitalization, but beyond the value repository, the utility was limited by small block space, high standby time and limited programming possibilities.In particular, the previous efforts to expand Bitcoin and expand use cases are Bitcoin and other tier 2 projects. Connect a large amount of bitcoin to interfere.
The bridge is limited by security or dose or both. Our work provides new and important use of Bitcoin assets. Staying for providing security to the world of POS (Stoof-of Store-of-Stake). What we’ve shown is that at least this youth case is not necessary to connect Bitcoin assets to other chains, but it can provide complete economic security to the POS chain. ”
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Created image: Midjourney