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Mind Network and Babylon Partner to Improve Bitcoin Network Scalability

2024-05-16 12:58
Odaily News Mind Network announced a strategic alliance with Bitcoin staking protocol Babylon to introduce FHE into the BTC Restaking ecosystem and enhance the scalability and security of the Bitcoin network. Through the unique Remote Staking service, LRT holders can participate in staking without cross-chain, and have the opportunity to obtain multiple benefits from the Babylon ecosystem and Mind Network. LRT assets will be part of the PoS network, and the consensus security of the Subnet on the Mind Network will be protected through FHE verification. Babylon is a Bitcoin staking protocol that has previously launched a Bitcoin liquidity restaking program. Mind Network is the first FHE Restaking layer designed for AI and PoS networks.