According to the official website, Babylon has reached a cooperation with OKX Web3 wallet. Babylon's Bitcoin staking protocol is now connected to OKX Web3 wallet, providing users with a seamless and secure way to participate in Bitcoin staking and provide security for the proof-of-stake network. Through this integration, OKX Web3 users can directly connect to Babylon's Bitcoin staking platform, without additional account settings or complicated login processes, and easily lock Bitcoin in a self-hosted staking script to participate in the consensus verification of the PoS system. This cooperation demonstrates the common vision of both parties in providing a secure and user-friendly Web3 experience, aiming to promote the application of Bitcoin in a decentralized ecosystem and enhance the security and utility of digital assets.
It is reported that Babylon is a protocol designed to enhance the security of the PoS chain through Bitcoin expansion. Its Bitcoin staking protocol allows Bitcoin holders to lock Bitcoin on the Bitcoin network without the involvement of a third party, and provides security for PoS systems such as PoS chains, Layer 2, data availability layers, etc. This innovation combines the trusted security of Bitcoin with the efficiency of the PoS system to provide an attractive solution for blockchain security. As the industry-leading one-stop Web3 portal, OKX Web3 Wallet has supported more than 120 popular public chains, covering four major scenarios: App, plug-in, web page, and Telegram Mini wallet.