PANews reported on April 12 that Babylon tweeted that the Bitcoin staking function has been launched. For the first time, Bitcoin can be staked to provide proof of stake (PoS) security for Babylon Genesis and receive staking rewards in return. To ensure security, only 1,000 Bitcoins from the first phase Cap-1 are currently allowed to register. After a 24-hour buffer and testing period, Bitcoin staking was officially activated at 18:04:03 (UTC+8) on April 11 at the Babylon Genesis block height of 27,600.
Earlier news , the Bitcoin-collateralized Layer 1 blockchain Babylon Genesis has been officially launched. It is reported that this is the second phase of Babylon's launch of the Bitcoin pledge protocol.
