This expansion, fueled by the Babylon chain’s integration, brings Bitcoin staking to the Cosmos ecosystem.
Recently, Babylon’s integration into Cosmos Hub was announced, marking a key evolution milestone.
Babylon Integration Marks Cosmos Evolution
Facilitated by informing, this integration has paved the way for the arrival of the Lorenzo Protocol. The Lorenzo Protocol introduces advanced Bitcoin L2 services, secured by ATOM, within Cosmos. This initiative uses Babylon tech for secure Bitcoin staking, diversifying Cosmos’ financial services.
GM Bitcoin Pioneers! 🔶🔒
đźź©The BTC Staking Dashboard is live, and you can try out staking Signet BTC as much as you like!https://t.co/J6LmIT5Frr
đź“ťDo make sure to provide your feedback or ask any questions you might have on our forum: https://t.co/iO31vGFxSG
▶️🔚 pic.twitter.com/FbzBR5K8yq
— Babylon (@babylon_chain) March 28, 2024
By offering Bitcoin staking via a secured Appchain, Cosmos Hub broadens its utility and opens new investment avenues.
The mainnet launch of the Lorenzo Protocol is eagerly anticipated, with plans to go live as soon as late April. This fast development shows the teams’ efficiency and response to the demand for advanced, secure staking options. The launch promises to bring a new level of functionality and accessibility to Bitcoin staking, potentially attracting a broader audience to the Cosmos ecosystem.
Babylon 🤝 @BSquaredNetwork
Babylon will enhance the security of B² Network's DA Layer, B^2 Hub, against long-range attacks through the Bitcoin Timestamping Protocol, safeguarding the PoS mechanism.
B² Network will join Babylon's BTC Staking, unlocking liquidity of staked BTCs… https://t.co/t0uOyuYbxi
— Babylon (@babylon_chain) March 26, 2024
The introduction of Bitcoin L2 services through the Lorenzo Protocol is a game-changer for the Cosmos Hub. It reinforces Cosmos’ leadership in innovation and opens new possibilities for Bitcoin in financial ecosystems. As the mainnet launch nears, anticipation grows for its impact on Cosmos Hub’s utility and cryptocurrency investment.
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