Babylon (BABY) Officially Opens Bitcoin Staking Feature

This article is machine translated
Show original

Babylon (BABY) officially opens Bitcoin Staking feature

On April 12, Babylon (BABY) announced on X that their Bitcoin Staking feature has been officially activated. This is an important milestone in Babylon's development roadmap, marking a new step in expanding the network's application capabilities for the largest cryptocurrency asset.

To ensure system safety and stability in the initial stage, Babylon only allows a maximum of 1,000 BTC to participate in Staking during the Cap-1 phase (the first limited stage). Before officially opening Staking, Babylon conducted a 24-hour testing and verification period to ensure all functions operate smoothly and safely.

The Bitcoin Staking feature was officially activated at Babylon's Genesis Block with a height of 27,600. This event marks the first time Bitcoin can be directly Staked on the Babylon platform, opening a new path for optimizing BTC holding value through the Staking mechanism - something that was not originally available in the Bitcoin network design.

Source
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.
Like
1
Add to Favorites
1
Comments
Followin logo