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Babylon Labs Launches Bitcoin Staking Protocol Cap-3 to Expand Institutional and Retail Access to Staking

Dec 10, 2024over 1 year ago
Palo AltoSecurityBlockchainCryptocurrency

Product Description

Babylon Labs announces the launch of Cap-3, expanding its Bitcoin staking protocol to a 1,000 BTC block staking window. This new phase attracts both institutional and retail participants to access Bitcoin staking through various industry-leading platforms.

Company Information

Company

Babylon

Location

Palo Alto, California, United States

About

Babylon is a blockchain project that designs security sharing protocols for the decentralized economy, founded in 2022 by Stanford Professor David Tse and Dr. Fisher Yu. Professor Tse is a member of the U.S. Academy of Engineering. He is renowned as the inventor of the legendary proportional-fair scheduling algorithm for wireless communications, and is the recipient of prestigious awards such as the IEEE Claude E. Shannon Award and the IEEE Richard W. Hamming Medal. The project is led by a team of consensus protocol researchers and experienced layer 1 engineers from around the world.

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