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Bitcoin re-staking protocol Chakra reaches strategic cooperation with Babylon
2024-05-23 12:01
Odaily News According to official news, the Bitcoin re-staking protocol Chakra has reached a strategic cooperation with Babylon, committed to jointly building a safer and more reliable Bitcoin liquidity ecosystem. Chakra aims to solve the challenges of liquidity and interoperability of the BTC network. Based on ZK-STARK's proof of stake and ZK light client, it can safely and efficiently map BTC staked through Babylon to any ecosystem, empowering many BTC Layer 2 and decentralized applications (DApps). At the same time, Chakra's upcoming decentralized Bitcoin settlement network not only enables stakers to share multi-layer verification rewards, but also further guarantees and enhances the security of PoS consensus.