$BABY @Babylon Labs listed on BinanceTr 💪
🔶What is Babylon Genesis?
◼️ #Babylon Genesis is preparing to launch as the first Bitcoin Secured Network that provides direct security over #Bitcoin. This security is provided by the Bitcoin staking protocol developed by Babylon.
🔶 Genesis will be an independent Layer 1 that works on its own. It has advanced security features and also acts as a control center and liquidity center for other projects. In this way, other BSNs will be able to benefit from the high security and liquidity offered by Bitcoin.
◼️State of the Babylon Ecosystem
The purpose of the Babylon protocol is to enable Bitcoin owners to provide security and liquidity to other networks using their Bitcoins. In return, these people can earn rewards from the networks they stake.
🔶The infrastructure of this system is innovation, Bitcoin staking technology. Thanks to this technology, Bitcoin owners can lock their $BTC under their own control, providing security for PoS (Proof-of-Stake) systems and rollups.
◼️What Does the Babylon Ecosystem Do?
The general purpose of #Babylon:
🔶Bitcoin owners earn profit by operating their #Bitcoins, i.e. “staking” them. At the same time, they help make other blockchains more secure with this process.
◼️ Phase 1 of the Babylon Mainnet was launched in August 2024. Since then, more than 57,000 Bitcoins have been staked through the Babylon protocol.
🔶These Bitcoins work on the Bitcoin chain, locked in users' own budgets. In the meantime, a strong ecosystem has begun to form around Babylon.
◼️ Many different projects have started using this system:
Token issuing systems, budgets, new blockchain networks, validators that provide security, companies that develop infrastructure.
🔶 #Babylon ensures that #Bitcoin is not just a store of value, but a working and profitable part of the system. This revolutionary innovation is becoming a sector position that makes a significant contribution to the ecosystem.
Do your own research independently, friends. Good luck.
