This integration is part of Phase 3 of Babylon's expansion plan, scheduled to launch before the end of the year. The decision marks a highly relevant shift in how Proof-of-Stake networks can benefit from Bitcoin's security and liquidity without compromising fund custody.
output: Sui will be integrating Babylon’s Bitcoin staking protocol and will begin operating as a Bitcoin Secured Network (BSN), marking a significant step in leveraging Bitcoin’s security for Proof-of-Stake blockchains.
What Is Happening: The integration is part of Phase 3 of Babylon’s expansion plan, which is set to launch before the end of the year. The move by Sui follows a broader trend of projects aiming to expand Bitcoin’s utility beyond its role as a store of value and generate capital gains for BTC holders.
How Will It Work: Babylon’s protocol allows users to stake BTC without needing to hand over control to third parties or use bridges or wrapped assets. Through this structure, Bitcoin users can contribute to securing the Sui network and earn rewards without moving their funds from the main chain.
This integration will create an operational link between both networks and open the door to new decentralized applications and services that leverage Bitcoin’s security and Sui’s scalability.
Why It Matters: Sui, currently ranked as the seventh-largest Proof-of-Stake network according to CoinGecko, is known for its high transaction throughput and smart contract capabilities. Babylon’s technology provides a way to combine these strengths with Bitcoin’s robust security and liquidity.
The integration also presents a unique opportunity for Sui to attract new users and developers who are interested in Bitcoin and its ecosystem.
What Next: As Babylon continues to expand its network and integrate with other blockchains, it could play a key role in shaping the future of the multi-chain world. The goal is to create a more interconnected and efficient web3 ecosystem where different blockchains can complement each other’s strengths.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
