Babylon is a promising crypto project focused on restaking Bitcoin (BTC) to enhance the security of other blockchain networks.
Briefly about the essence:
• Babylon allows you to use your BTC to protect other blockchains (for example, new networks or protocols) without selling or transferring them.
• This is implemented through the mechanism of restaking BTC: bitcoins remain with you but are 'locked' as collateral to ensure the security of other networks.
• The goal of the project is to combine the enormous capitalization of Bitcoin with the needs of less secure blockchains.
Why this is promising:
• BTC is the most reliable and valuable cryptocurrency, but it is almost not used in DeFi or for security purposes.
• Babylon opens up the possibility of earning passive income with BTC through staking without relinquishing control over the funds.
• The project is supported by major investors (such as Paradigm) and generates active interest in the crypto community.$BABY #Babylon