PANews reported on April 10 that Babylon posted on X platform, stating that the Bitcoin-collateralized Layer 1 blockchain Babylon Genesis has officially gone live. It is understood that this is the second phase of Babylon's Bitcoin staking protocol launch.
Previously, Babylon's Bitcoin staking was planned to be rolled out in three stages: the first stage involves locking Bitcoin for staking to expand supply, the second stage is launching the Cosmos-SDK-based Layer 1 blockchain Babylon Genesis, and the third stage is launching other BSN (which will allow other networks to access Bitcoin staking security and liquidity through Babylon Genesis).
