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B² Network announces strategic partnership with Babylon
2024-03-26 12:56
Odaily News According to official news, the Bitcoin second-layer network B² Network and the Bitcoin staking protocol Babylon announced a strategic partnership to enhance the security of B² and promote the development of Bitcoin staking and re-staking. As a PoS network, B² Network will improve the security of the B² Hub consensus through Babylons Bitcoin staking protocol. B² Hub will add Babylon Finality Provider as a checkpoint in block confirmation and use the Bitcoin Timestamping Protocol to achieve final confirmation on the Bitcoin network, thereby helping B² Hub avoid long-range attacks and improve security. It is reported that B² Networks BTC staking function will be divided into two stages. Before the Babylon BTC staking mainnet is launched, B² Rollup will support users to use BTC to pledge for B² Hubs verifiers and obtain B² token rewards. After the Babylon BTC staking mainnet is launched, B² Rollup will transfer users cross-chain BTC on Bitcoin to specific addresses to participate in Babylons BTC staking and B² Hubs re-staking.