.babylon_chain activates v0.7.1 testnet upgrade with CosmWasm smart contracts and IBC client BabylonChain
Technically, this makes it possible for developers to"extract" security from Bitcoin and protect the designs of their applications. This is the most anticipated upgrade for the Babylon ecosystem since the launch if its testnet.
In recent weeks, Babylon integrated a number of Cosmos SDK chains, including Osmosis, Akash, Sei Network, Injective, Evmos and Stride. Thanks to these integrations, it advanced the security of dozens Cosmos-based dApps. David Tse, co-founder of Babylon, is excited by the role of this release for the progress of the Babylon ecosystem and all applications that use its solution: We are thrilled to announce the launch of Babylon v0.7.1, introducing the integration of smart contracts. This marks a crucial milestone for Babylon, turning it into a powerful platform for deploying a wide range of protocols, thereby facilitating the development of decentralized applications secured by the strength of the Bitcoin network. The protocol caters to all types of decentralized applications, including decentralized finance apps , NFT marketplaces, exchanges, wallets and so on.Also, recently, the project announced another amazing milestone. Babylon activated its Bitcoin Staking Protocol, designed to enable BTC to be staked and used to secure proof-of-stake blockchains. In Babylon's product ecosystem, this eccentric staking solution is accompanied by Bitcoin Timestamping Protocol and Bitcoin Data Availability Protocol. In different ways, Babylon's instruments make BTC usage possible in the global ecosystem of decentralized applications, which typically has very limited exposure to the instruments of the first cryptocurrency.
Please follow us on Google to support us United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fox News Staffer Responsible for 'Wannabe Dictator' Chyron Out at NetworkThe Fox News employee responsible for the controversial 'Wannabe Dictator' chyron about Joe Biden has parted ways with the network
Read more »
The Witcher Cast Introduces Action-Packed Season 3 Fight SceneHere's an action-packed clip from Netflix's HenryCavill, AnyaChalotra, FreyaAllan, and JoeyBatey-starring TheWitcher Season 3. / Geralt TUDUM
Read more »
Soccer, softball, hockey, and more: Saskatoon Sports Hall of Fame introduces its new inducteesThe Saskatoon Sports Hall of Fame has announced its latest inductees, both individual and team. yxe
Read more »
Is Babylon 5's New Movie A Sequel, Spinoff Or Reboot?Babylon 5: The Road Home is closing in on its July release date but does the animated film fit into the original series’ canon, and if so, how?
Read more »
Soccer, softball, hockey, and more: Saskatoon Sports Hall of Fame introduces its new inducteesThe Saskatoon Sports Hall of Fame has announced its latest inductees, both individual and team. yxe
Read more »