Nubit, the Bitcoin-native data availability layer, is announcing their collaboration with Babylon, which emerges as the native Bitcoin staking and timestamping protocol, “poised to unlock 21 million Bitcoin to secure the decentralized economy.”
This collaboration marks a milestone in their journey “to scale and secure the Bitcoin ecosystem, showcasing our mutual commitment to a more robust and resilient decentralized infrastructure with Bitcoin security.”
Babylon is a protocol that seeks “to extend Bitcoin’s security to enhance Proof of Stake (PoS) systems, rollups, and AVS.”
At its core, Babylon introduces the concept of Bitcoin staking, “allowing Bitcoin holders to leverage their assets to enhance the security of PoS chains while earning yields on their staked Bitcoins.”
Unlike traditional mechanisms that require bridging or wrapping assets, Babylon’s protocol is trustless and self-custodial, “offering a secure method for Bitcoin staking directly on PoS chains.”
Nubit is building the first Bitcoin-native data availability layer “to power applications like Ordinals, layer 2s, price oracles, and indexers for the Bitcoin ecosystem.”
Nubit is launching the modular indexer, “a joint work with domo from the Layer 1 Foundation, designed to facilitate trustless verification of indexing outputs efficiently.”
It is expected to safely “bridge the gap between Bitcoin layer-1 and applications from BRC-20 and contribute to the further prosperity of the Bitcoin ecosystem.”
Through this collaboration, Nubit will “use Babylon’s Bitcoin staking and timestamping protocols to secure the Nubit DA. Bitcoin L2s, DeFi, indexers, and other systems that want to use Bitcoin for security and data availability will find a native and efficient solution through Nubit and Babylon.”
Together, Nubit and Babylon will continue “to leverage strategic collaborations and tech advancements to improve Bitcoin’s utility and accessibility, aiming to inherit Bitcoin’s complete censorship resistance and economic security to ensure a robust and resilient infrastructure for Bitcoin’s future growth.”
As noted in the update, 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.”
Babylon’s mission is to scale Bitcoin to secure the decentralized economy.
To achieve this, Babylon utilizes “the three primary facets of Bitcoin: its asset, its reliable timestamping service, and its most censorship-resistant blockspace in the world.”
To leverage these facets, Babylon is “developing three innovative security-sharing protocols: Bitcoin Staking Protocol, Bitcoin Timestamping Protocol, and Bitcoin Data Availability Protocol.”
Through these protocols, Babylon envisions “a more secure and decentralized future.”