 | Bitcoin staking can bring economic security to emerging PoS chains. Crypto security blockchain Babylon has revealed a minimum viable product (MVP) of its Bitcoin staking protocol today at Cosmoverse in Istanbul, Turkey. According to Glassnode, over 66% of bitcoin’s circulating supply — roughly $329 billion — is sitting idly. Babylon aims to tap into the dormant bitcoin and use it to build economic security for proof-of-stake chains. [link] [comments] |
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