Protocol Village: Babylon Unveils Bitcoin Staking Protocol for Cosmos Ecosystem

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Protocol Village: Babylon Unveils Bitcoin Staking Protocol for Cosmos Ecosystem
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The latest in blockchain tech upgrades, funding announcements and deals. For the week of Oct. 2-8, with live updates throughout.

,” according to a message from the team. The release “aims to utilize the vast untapped potential of idle Bitcoins, allowing them to boost the economic security of Proof of Stake chains and decentralized applications . Babylon's protocol connects decentralized trust to earn yield, gaining support from prominent Cosmos chains. It addresses the limitations of PoS chains by enabling them to stake bitcoin instead of native tokens, enhancing security and reducing inflation pressure.

, a zk-proof for SQL queries, will natively run its zk-Verifier on Chainlink nodes, enabling verifiable, zk-proven query results for smart contracts, AI models, and enterprises,” according to a message from the team. “SxT is now the preferred data warehouse solution for the Chainlink ecosystem, with this integration enhancing trustlessness and decentralization.

As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form ofBradley Keoun is the managing editor of CoinDesk's Tech & Protocols team. He owns less than $1,000 each of several cryptocurrencies.

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