The Babylon staking protocol allows Bitcoin holders to stake their Bitcoin directly on Proof-of-Stake (PoS) blockchains without relying on third-party custodians, cross-chain bridges, or token wrapping.

Babylon is set to significantly expand Bitcoin’s utility beyond its traditional roles of value storage and payments.Babylon also introduces slashable economic security to the PoS blockchains it supports. If the staked Bitcoin or its supported validators misbehave, penalties like slashing are enforced.

How Bitcoin Staking Works

Since Bitcoin operates on a Proof-of-Work (PoW) system, it traditionally doesn't support staking. However, Babylon enables BTC holders to stake their Bitcoin on PoS blockchains while maintaining full control of their assets.

Source: Babylon Litepaper

BTC holders lock their Bitcoin using a trustless Bitcoin Staking script for a set time and earn voting power in the PoS network. In the process, BTC holders earn staking rewards and contribute to PoS network security without giving up custody of their Bitcoin.

Babylon Mainnet Launch and Finality Providers

Babylon's mainnet launch is the major Bitcoin and PoS blockchain integration development. The launch is slated to occur in three phases.

• Phase 1: Bitcoin Locking Phase: This initial phase allows users to lock their Bitcoin in a secure, self-custodial environment, laying the groundwork for subsequent staking activities.
• Phase 2: Bitcoin Staking Activation: In this phase, the time locked Bitcoin will provide shared security to the Babylon Proof of Stake network and generate rewards for the stakers.
• Phase 3: Bitcoin Multi-Staking Activation: The final phase will allow users to stake Bitcoin across multiple PoS networks simultaneously to maximize both security and reward opportunities.

Each phase will incrementally increase Bitcoin's involvement in PoS systems and is set to unlock over $1 trillion in idle Bitcoin capital for decentralized finance.

Furthermore, in Babylon's Bitcoin staking system, finality providers are responsible for securing the Proof-of-Stake (PoS) networks and making attestations, which confirm the finality of blocks on the PoS chains. These providers act similarly to PoS validators, except they leverage Bitcoin’s staking power. BTC holders delegate their staking power to finality providers, who then participate in the consensus process of the PoS network.

InfStones Joins Babylon as a Finality Provider

InfStones is excited to join Babylon as a finality provider to support the mainnet launch of their Bitcoin staking solution. This collaboration will leverage our enterprise-grade infrastructure and advanced technology to support Babylon's Bitcoin staking initiative.Bitcoin holders can now stake their assets on Babylon's protocol and select InfStones as a finality provider for seamless participation in the network.

Conclusion

Babylon’s Bitcoin staking protocol unlocks new opportunities for BTC holders to stake their assets on Proof-of-Stake blockchains without third-party intermediaries or wrapping tokens.Join Babylon and start staking your Bitcoin to contribute to the security of PoS blockchains. Choose InfStones as your validator for a secure, efficient, and rewarding staking experience. Visit the Babylon staking dashboard to get started!