TechFlow News, according to The Block, Babylon, a project aiming to bring Bitcoin's security to the Cosmos ecosystem, has now launched on its testnet and is set to roll out a second testnet this summer ahead of its mainnet launch by year-end.
Babylon works by acting as an intermediary between chains that require additional security and Bitcoin. It receives block headers from the chains using its service and writes these block headers onto the Bitcoin blockchain. Validators running Babylon are rewarded with the native tokens of the chains using Babylon, as well as with Babylon’s own native token.Source link
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