Babylon Labs Brings New Momentum to Bitcoin ZK Tech Through Bridge to Cosmos Chains

2 months ago

Babylon Labs, developer of the largest BTC staking protocol, is gathering a trust-minimized Bitcoin span with the Cosmos web to heighten the world's oldest blockchain's interoperability.

In concern with Bitcoin developers Fiamma, Babylon is utilizing the BitVM2 computing paradigm, which is designed to let Ethereum-style astute contracts connected Bitcoin, which past paves the mode for zero-knowledge technology.

Zero-knowledge computations let antithetic parties to verify that accusation is close without really revealing to each different what the accusation is. In this sense, it is foundational to bridging integer assets betwixt antithetic blockchains.

Developers similar Babylon Labs and Fiamma are aiming to unlock the heavy wells of worth stored successful BTC to concern different ecosystems and let it to beryllium transacted connected blockchains that are escaped of immoderate of Bitcoin's limitations of velocity and scale.

This forms portion of a broader question to extract greater inferior from Bitcoin, akin to that which is commonplace connected networks similar Ethereum. Babylon's Bitcoin staking protocol, which is 1 of the foremost projects successful this sector, is billed arsenic a mode of using BTC to unafraid different protocols and decentralized applications and has a full worth locked (TVL) of astir $5.5 billion.

The instauration of BitVM2's predecessor by Robin Linus successful October 2023 was hailed arsenic a breakthrough for making Bitcoin much programmable, done enabling a rollup that tin grip faster and cheaper transactions without compromising security. This could past let bridges to securely transportation BTC to the rollup, and aboriginal bring the BTC backmost truthful that deposits tin beryllium withdrawn.

BitVM inspired plentifulness of fervor among developers gathering projects connected Bitcoin, including immoderate focused connected bridging to different networks. Zero-knowledge rollup Citrea, which is backed by Galaxy Digital, deployed a BitVM-based span to the Bitcoin testnet past September. It is designed to beryllium compatible with the Ethereum Virtual Machine (EVM), the smart-contracts-executing bundle that powers the Ethereum protocol.

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