Babylon Project Introduction
1. Project Overview
Babylon is an innovative blockchain project that aims to leverage the security of Bitcoin to provide security for other Proof of Stake (PoS) blockchains. By allowing Bitcoin holders to stake their idle Bitcoins, Babylon provides economic security for PoS chains while enabling Bitcoin holders to earn staking returns. The core of the Babylon protocol architecture is a Cosmos IBC-compatible PoS blockchain built on the Cosmos SDK, which enables data aggregation and communication between the Bitcoin chain and other Cosmos application chains.