Altszn.com
  • Home
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
    • Monero
    • XRP
    • Zcash
  • Web3
  • DeFi
  • NFTs
No Result
View All Result
Altszn.com
  • Home
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
    • Monero
    • XRP
    • Zcash
  • Web3
  • DeFi
  • NFTs
No Result
View All Result
Altszn.com
No Result
View All Result

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

Altszn.com by Altszn.com
January 10, 2025
in Blockchain, Crypto, DeFi, Web3
0
Babylon Labs Brings New Momentum to Bitcoin ZK Tech Through Bridge to Cosmos
399
SHARES
2.3k
VIEWS
Share on FacebookShare on Twitter



Babylon Labs, developer of the largest BTC staking protocol, is building a trust-minimized Bitcoin bridge with the Cosmos network to enhance the world’s oldest blockchain’s interoperability.

In partnership with Bitcoin developers Fiamma, Babylon is using the BitVM2 computing paradigm, which is designed to allow Ethereum-style smart contracts on Bitcoin, which then paves the way for zero-knowledge technology.

Zero-knowledge computations allow different parties to verify that information is accurate without actually revealing to each other what the information is. In this sense, it is foundational to bridging digital assets between different blockchains.

Developers like Babylon Labs and Fiamma are aiming to unlock the deep wells of value stored in BTC to finance other ecosystems and allow it to be transacted on blockchains that are free of some of Bitcoin’s limitations of speed and scale.

This forms part of a broader movement to extract greater utility from Bitcoin, similar to that which is commonplace on networks like Ethereum. Babylon’s Bitcoin staking protocol, which is one of the foremost projects in this sector, is billed as a way of using BTC to secure other protocols and decentralized applications and has a total value locked (TVL) of around $5.5 billion.

The introduction of BitVM2’s predecessor by Robin Linus in October 2023 was hailed as a breakthrough for making Bitcoin more programmable, through enabling a rollup that can handle faster and cheaper transactions without compromising security. This could then allow bridges to securely transfer BTC to the rollup, and later bring the BTC back so that deposits can be withdrawn.

BitVM inspired plenty of fervor among developers building projects on Bitcoin, including some focused on bridging to other networks. Zero-knowledge rollup Citrea, which is backed by Galaxy Digital, deployed a BitVM-based bridge to the Bitcoin testnet last September. It is designed to be compatible with the Ethereum Virtual Machine (EVM), the smart-contracts-executing software that powers the Ethereum protocol.

Read More: Could Bitcoin Become DeFi’s Collateral of Choice? Lombard Finance Says So





Read More: www.coindesk.com

Tags: BabylonBitcoinBridgeBringsCosmosDeFiLabsMomentumTech
ADVERTISEMENT

Recent

Polygon co-founder steps down, says he can no longer give his best

Polygon co-founder steps down, says he can no longer give his best

May 24, 2025
Crypto, NFTs are a lifeboat in the sinking fiat system: Finance Redefined

Crypto, NFTs are a lifeboat in the sinking fiat system: Finance Redefined

May 23, 2025
'Major Wake-Up Call': How $400M Coinbase Breach Exposes Crypto's Dark Side

'Major Wake-Up Call': How $400M Coinbase Breach Exposes Crypto's Dark Side

May 23, 2025

Categories

  • Bitcoin (4,653)
  • Blockchain (11,040)
  • Crypto (8,975)
  • Dark Web (486)
  • DeFi (8,216)
  • Ethereum (4,697)
  • Metaverse (7,103)
  • Monero (265)
  • NFT (1,253)
  • Solana (4,963)
  • Web3 (20,186)
  • Zcash (475)

Category

Select Category

    Advertise

    Advertise your site, company or product to millions of web3, NFT and cryptocurrency enthusiasts. Learn more

    Useful Links

    Advertise
    DMCA
    Contact Us
    Privacy Policy
    Shipping & Returns
    Terms of Use

    Resources

    Exchanges
    Changelly
    Web3 Jobs

    Recent News

    Polygon co-founder steps down, says he can no longer give his best

    Polygon co-founder steps down, says he can no longer give his best

    May 24, 2025
    Crypto, NFTs are a lifeboat in the sinking fiat system: Finance Redefined

    Crypto, NFTs are a lifeboat in the sinking fiat system: Finance Redefined

    May 23, 2025

    © 2022 Altszn.com. All Rights Reserved.

    No Result
    View All Result
    • Home
      • Home – Layout 1
      • Home – Layout 2
      • Home – Layout 3

    © Altszn.com. All Rights Reserved.

    • bitcoinBitcoin (BTC) $ 107,162.00
    • ethereumEthereum (ETH) $ 2,493.62
    • tetherTether (USDT) $ 1.00
    • xrpXRP (XRP) $ 2.29
    • bnbBNB (BNB) $ 660.16
    • solanaSolana (SOL) $ 171.91
    • usd-coinUSDC (USDC) $ 0.999803
    • dogecoinDogecoin (DOGE) $ 0.218972
    • cardanoCardano (ADA) $ 0.734350
    • tronTRON (TRX) $ 0.273062
    • staked-etherLido Staked Ether (STETH) $ 2,487.90
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 106,835.00
    • hyperliquidHyperliquid (HYPE) $ 35.55
    • suiSui (SUI) $ 3.49
    • wrapped-stethWrapped stETH (WSTETH) $ 2,996.16
    • chainlinkChainlink (LINK) $ 15.18
    • avalanche-2Avalanche (AVAX) $ 22.33
    • stellarStellar (XLM) $ 0.282165
    • shiba-inuShiba Inu (SHIB) $ 0.000014
    • bitcoin-cashBitcoin Cash (BCH) $ 415.19
    • leo-tokenLEO Token (LEO) $ 8.86
    • hedera-hashgraphHedera (HBAR) $ 0.184588
    • moneroMonero (XMR) $ 404.80
    • the-open-networkToncoin (TON) $ 2.97
    • litecoinLitecoin (LTC) $ 94.55
    • wethWETH (WETH) $ 2,486.38
    • polkadotPolkadot (DOT) $ 4.46
    • usdsUSDS (USDS) $ 0.999802
    • bitget-tokenBitget Token (BGB) $ 5.36
    • wrapped-eethWrapped eETH (WEETH) $ 2,651.44
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999600
    • pi-networkPi Network (PI) $ 0.769232
    • pepePepe (PEPE) $ 0.000013
    • ethena-usdeEthena USDe (USDE) $ 0.998672
    • whitebitWhiteBIT Coin (WBT) $ 31.66
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 107,088.00
    • aaveAave (AAVE) $ 266.39
    • daiDai (DAI) $ 0.999745
    • bittensorBittensor (TAO) $ 420.64
    • uniswapUniswap (UNI) $ 5.97
    • nearNEAR Protocol (NEAR) $ 2.70
    • aptosAptos (APT) $ 5.14
    • jito-staked-solJito Staked SOL (JITOSOL) $ 206.79
    • okbOKB (OKB) $ 52.21
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
    • ondo-financeOndo (ONDO) $ 0.921047
    • crypto-com-chainCronos (CRO) $ 0.094356
    • ethereum-classicEthereum Classic (ETC) $ 18.05
    • internet-computerInternet Computer (ICP) $ 5.10
    • kaspaKaspa (KAS) $ 0.103371
    • bitcoinBitcoin (BTC) $ 107,162.00
    • ethereumEthereum (ETH) $ 2,493.62
    • tetherTether (USDT) $ 1.00
    • xrpXRP (XRP) $ 2.29
    • bnbBNB (BNB) $ 660.16
    • solanaSolana (SOL) $ 171.91
    • usd-coinUSDC (USDC) $ 0.999803
    • dogecoinDogecoin (DOGE) $ 0.218972
    • cardanoCardano (ADA) $ 0.734350
    • tronTRON (TRX) $ 0.273062
    • staked-etherLido Staked Ether (STETH) $ 2,487.90
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 106,835.00
    • hyperliquidHyperliquid (HYPE) $ 35.55
    • suiSui (SUI) $ 3.49
    • wrapped-stethWrapped stETH (WSTETH) $ 2,996.16
    • chainlinkChainlink (LINK) $ 15.18
    • avalanche-2Avalanche (AVAX) $ 22.33
    • stellarStellar (XLM) $ 0.282165
    • shiba-inuShiba Inu (SHIB) $ 0.000014
    • bitcoin-cashBitcoin Cash (BCH) $ 415.19
    • leo-tokenLEO Token (LEO) $ 8.86
    • hedera-hashgraphHedera (HBAR) $ 0.184588
    • moneroMonero (XMR) $ 404.80
    • the-open-networkToncoin (TON) $ 2.97
    • litecoinLitecoin (LTC) $ 94.55
    • wethWETH (WETH) $ 2,486.38
    • polkadotPolkadot (DOT) $ 4.46
    • usdsUSDS (USDS) $ 0.999802
    • bitget-tokenBitget Token (BGB) $ 5.36
    • wrapped-eethWrapped eETH (WEETH) $ 2,651.44
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999600
    • pi-networkPi Network (PI) $ 0.769232
    • pepePepe (PEPE) $ 0.000013
    • ethena-usdeEthena USDe (USDE) $ 0.998672
    • whitebitWhiteBIT Coin (WBT) $ 31.66
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 107,088.00
    • aaveAave (AAVE) $ 266.39
    • daiDai (DAI) $ 0.999745
    • bittensorBittensor (TAO) $ 420.64
    • uniswapUniswap (UNI) $ 5.97
    • nearNEAR Protocol (NEAR) $ 2.70
    • aptosAptos (APT) $ 5.14
    • jito-staked-solJito Staked SOL (JITOSOL) $ 206.79
    • okbOKB (OKB) $ 52.21
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
    • ondo-financeOndo (ONDO) $ 0.921047
    • crypto-com-chainCronos (CRO) $ 0.094356
    • ethereum-classicEthereum Classic (ETC) $ 18.05
    • internet-computerInternet Computer (ICP) $ 5.10
    • kaspaKaspa (KAS) $ 0.103371