Babylon & Ankr Begin Unlocking 21 Million BTC To Secure PoS Networks

Babylon has just launched its mainnet phase 1, and Ankr is proud to have played a crucial role in supporting its launch as a Finality Provider! Read on to learn more about Babylon and our role in championing the future of the Bitcoin ecosystem.

Babylon’s Big Moment: Bringing Together BTC & Web3

In February, Ankr announced their collaboration with Babylon to provide infrastructure assisting the launch of the new trustless BTC staking protocol that extends Bitcoin’s security to all participating Proof-of-Stake protocols. Babylon enables PoS chains to use Bitcoin as a staking asset and enjoy more robust crypto-economic security than native tokens can provide. As a result, PoS systems will be able to utilize Babylon’s trustless scalable staking features to unlock value from the idle, unencumbered $1 trillion Bitcoin ecosystem.

Babylon’s BTC staking protocol enables BTC stakers to trustlessly stake and “restake” their tokens in a principle similar to EigenLayer, allowing them to earn multiple layers of yield while proliferating crypto-economic security across networks.

Learn more about Babylon →

Infrastructure Supporting the Future of Bitcoin

Ankr’s Babylon operations are now in full swing as we run a Finality Provider for Babylon Mainnet phase 1. Finality Providers are critical to the protocol as they are responsible for voting during finality rounds on top of CometBFT and for receiving voting power delegations from BTC stakers. As one of the industry’s most experienced infrastructure providers, Ankr’s Finality Provider will provide a solid foundation for Bitcoin staking to power yields for global BTC holders while securing an array of PoS ecosystems with leading performance:

• 99.99% uptime, ensuring optimal performance.
• Robust, geographically distributed infrastructure.
• 24/7 monitoring, maintenance, and updates.

Get infrastructure services for your chain →

Final Thoughts

Launching Babylon Mainnet phase 1 marks a pivotal moment for Bitcoin scalability and PoS chain security. By combining Ankr's infrastructure expertise with Babylon's innovative protocol, we're aiming to create a robust ecosystem for developers to build groundbreaking solutions. This partnership unlocks unprecedented opportunities for developers, enterprises, and end-users alike, propelling Bitcoin into a new era of decentralized applications and financial innovation. Let’s build something together!

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