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Validation Cloud Now Supports Babylon as a Finality Provider

Written by Validation Cloud Team | Aug 2, 2024 2:14:07 PM

Update: Babylon Bitcoin Staking Mainnet is now LIVE! Validation Cloud is proud to support Babylon as a Finality Provider. Start staking here

Validation Cloud is proud to support Babylon Chain as a Finality Provider. Babylon introduces a novel system for Bitcoin staking, which leverages Bitcoin's security to create a more decentralized and secure Proof-of-Stake (PoS) blockchain. Babylon aims to enhance interoperability between Bitcoin and other blockchain networks by building a suite of Bitcoin security-sharing protocols. This enables Bitcoin as an asset to provide economic security to any decentralized system.

What is Babylon Chain?

Babylon Chain enhances the security of PoS blockchains by utilizing Bitcoin's Proof-of-Work (PoW) security model through cross-chain staking, allowing Bitcoin to be staked to secure PoS chains. This process improves overall blockchain security without relying on third-party custody or vulnerable wrapped tokens.

Key Features of Babylon Chain
  • Bitcoin-Enhanced Security: Utilizes Bitcoin's PoW security model to enhance the security of Babylon Chain.
  • Cross-Chain Interoperability: Facilitates seamless asset transfers and communication between Bitcoin and other blockchain networks.
  • Decentralized Staking: Allows BTC holders to stake their coins and participate in governance and consensus.
  • PoS Integration: Combines Bitcoin’s security with a PoS system for improved scalability and efficiency.
  • Economic Incentives: Provides rewards for BTC stakers, encouraging participation and network growth.
Validation Cloud x Babylon

Validation Cloud is proud to be a Finality Provider for the Babylon Chain. Finality providers in the Babylon blockchain are responsible for voting during finality rounds. They receive voting power delegations from BTC stakers and earn commission from staking rewards denominated in Babylon tokens ($BBN). Finality providers ensure secure and efficient finality voting for the network. View the Babylon Staking Dashboard here

Interested in validators to help scale your network? Contact us to see how we can support your network’s growth.

About Validation Cloud

Validation Cloud is a Web3 data streaming and infrastructure company that connects organizations into Web3 through a fast, scalable, and intelligent platform. Headquartered in Zug, Switzerland, Validation Cloud offers highly performant and customizable products in staking, node, and data-as-a-service. Learn more at Validationcloud.io | LinkedIn | X