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Babylon Selects InfStones as a Finality Provider
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Babylon Selects InfStones as a Finality Provider
Aug 29,2024|Clients
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InfStones is excited to announce our collaboration with Babylon to support the mainnet launch of Babylon's innovative Bitcoin staking solution. This collaboration aims to empower Bitcoin holders to contribute to the security of Proof-of-Stake (PoS) blockchains without transferring their assets to a third party, fundamentally changing how Bitcoin interacts with PoS ecosystems.

Babylon's mainnet launch represents a groundbreaking development in Bitcoin and PoS blockchain integration. The launch, slated to occur in three distinct phases, enables Bitcoin holders to participate in securing PoS networks by staking their BTC; this is a major step forward in expanding the utility of Bitcoin beyond its traditional roles of value storage and payments, introducing staking as a new, native use case.

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 timelocked Bitcoin can provide shared security to the Babylon Proof of Stake network, while generating rewards for the stakers.

Phase 3: Bitcoin Multi-Staking Activation - The final phase introduces the ability for users to stake Bitcoin across multiple PoS networks simultaneously, maximizing both security and reward opportunities.

Each of these phases is designed to incrementally increase the involvement of Bitcoin in PoS systems, ultimately potentially unlocking over $1 trillion in idle Bitcoin capital for decentralized finance.

With this collaboration, InfStones is proud to bring 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 to ensure secure and efficient participation in the network.

Join the Babylon Bitcoin staking protocol 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 Babylon staking dashboard to get started!

About Babylon

The Babylon Bitcoin staking protocol allows Bitcoin holders to stake their Bitcoin for PoS blockchains without needing third-party custody/bridge/wrapping. It provides slashable economic security guarantees to the PoS chains while ensuring efficient stake unbonding to enhance liquidity for Bitcoin holders.

About InfStones

InfStones is an advanced, enterprise-grade Platform as a Service (PaaS) blockchain infrastructure provider trusted by the top blockchain companies in the world. InfStones’ AI-based infrastructure provides developers worldwide with a rugged, powerful node management platform alongside an easy-to-use API. With over 20,000 nodes supported on over 80 blockchains, InfStones gives developers all the control they need - reliability, speed, efficiency, security, and scalability - for cross-chain DeFi, NFT, GameFi, and decentralized application development.

InfStones is trusted by the biggest blockchain companies in the world including Binance, CoinList, BitGo, OKX, Chainlink, Polygon, Harmony, and KuCoin, among a hundred other customers. InfStones is dedicated to developing the next evolution of a better world through limitless Web3 innovation.