Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»Binance Labs invests in Babylon to facilitate Bitcoin staking.
ADOPTION NEWS

Binance Labs invests in Babylon to facilitate Bitcoin staking.

By Crypto FlexsFebruary 28, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Binance Labs invests in Babylon to facilitate Bitcoin staking.
Share
Facebook Twitter LinkedIn Pinterest Email

Binance Labs invested in Babylon to facilitate Bitcoin staking, bringing important advancements to Bitcoin’s usability and PoS blockchain security.

Binance Labs announced a major investment in Babylon, the pioneering Bitcoin ​​staking protocol. This investment represents Binance Labs’ efforts to increase the utility of Bitcoin and advance the proof-of-stake (PoS) blockchain economy.

Babylon is leading the way in integrating Bitcoin, the world’s largest cryptocurrency by market capitalization, with the PoS blockchain paradigm. Unlike traditional staking methods that rely on native tokens on the PoS blockchain, Babylon’s innovative protocol allows Bitcoin holders to stake their assets directly on the PoS blockchain. This mechanism offers a variety of benefits, including reduced inflationary pressures on PoS chains and an alternative means of monetization to Bitcoin, which has traditionally been viewed as a passive store of value.

Yi He, co-founder of Binance and head of Binance Labs, emphasized the importance of this development, noting that this is an important new use case for Bitcoin and an important step in its integration with the PoS economy. This investment is part of Binance Labs’ broader mission to support innovative projects that lead the Bitcoin story and expand its use cases.

Built on the Cosmos SDK, the Babylon protocol acts as a bridge to synchronize the Bitcoin network with the PoS chain by providing not only staking but also timestamping services. The team leading the project is comprised of consensus protocol researchers and seasoned Layer-1 engineers, including Stanford professor David Tse, a renowned inventor and recipient of prestigious awards such as the IEEE Claude E. Shannon Award and the IEEE Richard W. Hamming Medal. This is a team formed. .

Through its innovative secure sharing protocol, Babylon aims to leverage three key aspects of Bitcoin (asset value, trusted timestamp service, and censorship-resistant block space) to scale Bitcoin and secure its decentralized economy.

With a portfolio valued at over $10 billion, Binance Labs continues to play a significant role in the venture capital space within the cryptocurrency ecosystem. The company’s portfolio spans 250 projects across six continents and boasts impressive ROI rates.

Binance Labs’ announcement comes at a time when the cryptocurrency market is increasingly looking for ways to bridge the gap between various blockchain technologies. Bitcoin staking through Babylon could potentially open up new liquidity and utility for a cryptocurrency that has long been viewed as a store of value rather than a source of passive income.

Image source: Shutterstock

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SOL Leverage Longs Jump Ship, is it $ 200 next?

September 24, 2025

Bitcoin Treasury Firm Strive adds an industry veterans and starts a new $ 950 million capital initiative.

September 16, 2025

The best Solana depin project to form the future -Part 2

September 8, 2025
Add A Comment

Comments are closed.

Recent Posts

Linea Price Spikes 14% as Swift selects Linea for the pilot

September 27, 2025

Futuromining Reaches $5,700 Daily Income Milestone For XRP Users

September 26, 2025

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025

LYS Labs Moves Beyond Data And Aims To Become The Operating System For Automated Global Finance

September 26, 2025

Dexari Unveils $1M Cash Prize Trading Competition

September 26, 2025

How to solve the XPL perp defect

September 26, 2025

Detect the full execution bug with the induction pursing of Wake

September 25, 2025

KuCoin Appeals FINTRAC Decision, Reaffirms Commitment To Compliance

September 25, 2025

Phemex Revamps Blog To Deliver Deeper Insights And Enhanced Reader Experience

September 25, 2025

T-REX Launches Intelligence Layer To Fix Web3’s Value Distribution Problem

September 25, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Linea Price Spikes 14% as Swift selects Linea for the pilot

September 27, 2025

Futuromining Reaches $5,700 Daily Income Milestone For XRP Users

September 26, 2025

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025
Most Popular

Flow Traders enhance Wormhole’s multi-chain swaps through participation in the solver network.

October 31, 2024

Top Trader Reveals ‘Obvious’ Altcoin Play Amid Potential Spot Ethereum ETF Approval.

May 24, 2024

XRP prices do not respond to two very strong developments.

May 22, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.