Babylon Bitcoin staking feature is now live

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PANews
04-12
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According to PANews on April 12, Babylon announced via Twitter that Bitcoin staking functionality has been launched. Bitcoin can now be staked for the first time, providing Proof of Stake (PoS) security for Babylon Genesis and receiving staking rewards in return. To ensure security, currently only 1000 Bitcoins from the first stage Cap-1 are allowed to register. After a 24-hour buffer and testing period, Bitcoin staking was officially activated on April 11 at 18:04:03 (UTC+8) at height 27600 of the Genesis Block.

Previous news, the Layer 1 blockchain Babylon Genesis backed by Bitcoin has been officially launched. It is understood that this is the second stage of Babylon's Bitcoin staking protocol.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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