Cryptocurrencies

Binance supports new Bitcoin staking solution

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Binance Labs, the venture capital arm of Binance, has invested in Babylon, a Bitcoin staking protocol facilitating native Bitcoin staking for PoS blockchains.

Babylon's innovation allows users to stake bitcoins directly for PoS chains, enhancing liquidity without third-party custody.

The protocol aims to alleviate inflationary pressures for emerging PoS chains while offering additional utility for Bitcoin holders.

Led by a team of consensus protocol researchers, Babylon integrates Bitcoin with PoS chains, providing a crucial use case for the industry and advancing Bitcoin's narrative.

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