jakiro
Author: Climber, Bitchain Vision Realm
When the encrypted market fell into a cottage fall and MEME coin VS VC coins, there were still a number of projects buried deeply, waiting for the bull market to come.Babylon is a typical representative, intending to lead the new round of Bitcoin ecological narrative.
Bitcoin Native Trusted Visitors believe that Bitcoin is gold and you should hold it.In the world of POS (proof of equity), holding currency is to make money.The rough principle is that the pledker locks the personal tokens and becomes an authentication of the POS system. The agreement is agreed to maintain the integrity of the pledge process through rewards and penalties.
Bitcoin pledge agreement launched by Babylon can transform native Bitcoin into any pledged assets of any POS system and release 21 million BTCs of $ 1.5 trillion.This vision also made Babylon’s $ 96 million in financing for three consecutive years.Former founders of Polygon are even more direct, and Babylon is seriously underestimated compared to projects like Eigenlayer.
In view of this, Bitt Chain Vision Finance specially interviewed Babylon’s partnership head (PARTNERSHIP Lead) Trudy Liuu. Through the Q & Amp; A form, the value of BabyLon built by the personnel inside the project and they can take into account BitTechnical principles of coin asset pledge stability and safety.
1. Bitchain Vision:First of all, congratulations Babylon has completed a large amount of financing of $ 70 million in the near future, so please briefly introduce the composition of Babylon and the team staff of the project.
TRUDY:Babylon is a set of security sharing protocols that bring Bitcoin unparalleled security into the decentralized world.The latest agreement Bitcoin Staking allows Bitcoin holders to pledge their Bitcoin to provide encrypted economic security for the POS (equity certificate) system without trust and self -custody.
Babylon was founded by David TSE, a professor at Stanford University, a member of the National Academy of Engineering. David TSE is a pioneering electrical engineering expert and a well -known Stanford University professor.Many well -known honorary winners, including IEEE Claude E. Fragrant Awards and IEEE Richard W. Hanying Medal.
Dr. Fisher YU is the co -founder: Blockchain security and cryptography experts, participating in the establishment of a start -up company, leading Dolby Laboratory, and products, and post -doctoral security of the University of Southern California.And more than 20 high -influential academic papers and consultants of top blockchain projects, including Caldano.
In addition, we also have a team composed of dozens of people including developers, researchers and industry experts from different countries.
2. Bitchain Vision:What are the factor that prompt your team to decide to create and develop this project?Where are the challenges to the project development?
TRUDY:BABYLON is creating the first local Bitcoin equity agreement to introduce the security and decentralized attributes of Bitcoin into the equity certificate (POS) blockchain and ROLLUPS.This solves the two huge challenges -it allows Bitcoin holders to obtain benefits for the first time, and enables the POS network to guide and diversified chain security in an affordable way.
3. Bitchain Vision:Babylon is positioned as a Bitcoin equity pledge agreement, so how does the project work?What is its operating mechanism and principle?
TRUDY:We have successfully used the existing Bitcoin script and high -level encrypted primitives to simulate Bitcoin pledge and fine.In other words, we managed to build a Bitcoin chainMinimalist Bitcoin equity contractSimilar to the way smart contracts stay on other blockchain.
You only need to be self -custody according to our agreementlockingYour Bitcoin.The locked Bitcoin can be pledged and punished, and at the same time enjoy all popular pledge income in the POS world.
4. Bitchain Vision:For BTC pledges, the most concerned is the safety of pledged assets. How do you ensure the safety of user assets?How much is the pledge yield?
TRUDY:Babylon Bitcoin Equity Agreement allows Bitcoin to lock Bitcoin by self -storage. This process does not have a third -party bridge, and it does not require licenses.
In addition, we also have:
1. Coinspect team.They are the top security companies in Bitcoin related security fields, especially Bitcoin script, and this is also the core key technology for protecting Babylon Bitcoin pledge.Their customers include Zcash, LEDGER, RSK, etc.
2. Zellic team.They are also participating in the next version of the construction of Babylon code.The Zellic team has a unique white hat hacker background, which is a security expert on top infrastructure projects such as Aptos, Layerzero, Mystenlabs and OSMOSIS.
5. Bitchain Vision:The project’s white paper mentioned that Babylon follows the method of remote equity pledge, and you overcome the lack of smart contracts in the Bitcoin chain by combining encryption technology, consensus agreement and Bitcoin script language.So how do you implement this process?
TRUDY:Unlike most other blockchains, the Bitcoin chain has abandoned programming to exchange for stability.You cannot simply write code (such as smart contracts) to guide the Bitcoin chain how to verify the evidence of malicious behaviors and punish the relevant Bitcoin interests related to Bitcoin.In terms of layman, the Bitcoin chain does not know how to become a law enforcement person in foreign affairs.
Babylon wants to build a bitcoin pledge agreement that does not need to trust and non -hosting.To this end, people must find a method (through code) how the church Bitcoin chain is properly handled with pledge and punishment (that is, using Bitcoin script language).
6. Bitchain Vision:Please introduce the current progress of the project. Where are the dazzling data performance so far?Such as TVL, ecological projects, interactive data, and so on.
TRUDY:At present, the Babylon ecosystem involves BTC L2S, Defi, Liquid (Re) Staking, Wallet & Amp; Custodians, COSMOS ECOSYSTEM, Finality Provider, Rollup Infrastic and other track projects. The total number has reached 8. 7 partners.
7. Bitchain Vision:In the current Bitcoin ecosystem, there are many projects in various track sectors, especially the Bitcoin L2 track. Where do you think the advantage of Babylon is?What is the connection between BABYLON and Bitcoin L2?
TRUDY:BABYLON is a set of security sharing agreements that bring Bitcoin unparalleled security to the decentralized world.The latest agreement Bitcoin pledge enables Bitcoin holders to bet their Bitcoin in a way without trust and self -storage to provide encrypted economic security for the POS (equity certificate) system.Babylon can provide Bitcoin security for Bitcoin L2.
