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Source: Shen Chao Techflow
As Bitcoin exceeds 5.6W, the market’s attention to Bitcoin and its ecology continues to increase.
Earlier, the pledge activities of Bitcoin L2 and other Bitcoin L2 successfully attracted a large number of BTC assets to participate in pledge, and the competition became more and more rolled.For air -drop hunters, everyone urgently needs new goals to participate.
The next opportunity to have potential benefits is BABYLON.
In recent days, Twitter’s discussion on Babylon has continued to increase.
Babylon tries to become the largest Staking infrastructure of Bitcoin, open up new financial opportunities for the Bitcoin community, turn Bitcoin into a wider range of interest assets, and provide benefits for Bitcoin holders.
As early as December 7, 2023, Babylon completed the $ 18 million Series A financing, Polychain Capital and Hack VC led, Framework Ventures, Polygon Ventures, Castle Island Ventures, OKX Ventures, Finality Capital, and Breyer Capital and Symbolic Capital participated in the investmentEssence
Recently, Babylon also announced that its test network platform will also be launched on the 28th. Players participating in the test network interaction will also get a “Pioneer PASS” NFT.
Considering the hotness of the Bitcoin ecosystem and its luxurious investment lineup, Blabylon may become a big hair that cannot be ignored this year.
This article will briefly describe Babylon’s business, and will introduce steps such as wallet creation, water receiving water and network settings that are required to participate in the test network interaction.
Brief introduction
For readers who are not familiar with Babylon, they can briefly understand it as a project that passed the “BTC” by pledge.
Bitcoin holders can earn benefits from idle Bitcoin in a safe way: no third -party trust is required, and there is no need to connect the Bitcoin Bridge to any other chain.Bitcoin holders only need to lock its Bitcoin by self -custody to obtain the right to verify the POS chain and earn income as a return.
With the support of the protocol and the scalable re -mortgage function, the Bitcoin pledgers can also enjoy the maximum liquidity and benefits.
From a technical point of view, Babylon is a set of bitcoin security sharing agreements.Currently, it includes two protocols:
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Bitcoin timestamp:This protocol sends any data (such as POS blockchain) simple and verifiable timestamp to Bitcoin;
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BitcoinPledgeTheThe agreement allows Bitcoin assets to pledge the past trust (and self -custody) pledge to provide economic security for any decentralized system.
In terms of implementation, the Babylon working principle is to act as the middle party between the chain that requires additional security and Bitcoin, obtain the Block Header from the chain of its service, and write these blocks into the Bitcoin blockchain to thus thereforeMake the blockchain in the COSMOS ecosystem can use Bitcoin network security.The verifications running Babylon will be paid by using the Babylon chain’s native token, and will also receive the Babylon native currency remuneration.
Testing network interaction preparation tutorial tutorial
The current project officer shows that the test network will be launched on February 28.
However, considering the interaction between the COSMOS architecture and the BTC system, there are still some preparations to do before the test network interaction.
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Before the start of the process, we need to prepare two wallets, a KEPLR wallet (keplr.app/download) Connect to Babylon Chain, an OKX wallet (https://okx.com/cn/web3) Connect to the Bitcoin Signet network.
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Get BBN
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After downloading Keplr and creating a good wallet, come to the new network website (https://chains.keplr.app/), enter the babylon testnet in Search Chain, and select to the Keplr.
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After adding the network, open the KEPLR plug -in, click the settings in the upper left corner, and select the visibility of the management chain.
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Enter Babylon, remember to click on the save after checking;
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Open the KEPLR plug -in again, select the babylon testnet in the copy address and copy the address;
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Enter
The address came to the collar channel and entered the “! FAUCET spaces Babylon testnet address”, complete the water, you can get it every six hours. -
Receive SBTC
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Open the OKX Web3 wallet (the mobile phone side/web page can be available), decline to the bottom of the page, and find currency management;
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Click on currency management, enter SBTC in the search bar, and choose to add (Note: If you cannot find SBTC in the wallet plug -in or you cannot find the BTC network, you must use notes to import the wallet, you can’t use itPrivate keyImport so that you can find it);
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After the addition is completed, return to the wallet homepage, click SBTC, then enter the upper right corner to select the network page, and select the default address as Native Segwit;
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After copying the address, enter the officially released water website collar water (be careful of fishing website). At present, there are two websites that can be collected:
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If you encounter too many participants, you need to try it many times.
After completing the above steps, wait for the 28th test network to interact.
Note that the above is only prepared, and after actual interaction, you can get the pioneer NFT PASS airdrop described earlier.
At the same time, you can also cooperate with the current project party releasedGalxeAfter the task is successful, it will also receive a community badge NFT.
