Today everyone is competing for TPS. Which participants will make more transactions—who will be cheaper and faster.
Personally, it became clear to me that users find this quite convenient.
But Babylon seems to be standing aside from this race. The developers are not building another “ultra-fast” network. They take what already exists in Bitcoin plus trust, and try to “share” it with other chains.
BTC remains on Bitcoin.
No wrappers, bridges, and “trust us.” Just staking that secures other people’s networks.
If someone behaves maliciously, they can be slashed right there, where the bitcoin is stored.
Let me be honest with you: it sounds slow and rather un-fashionable. I believe that in the long run, speed is copied within a week. But trust in Bitcoin is not. And probably that’s why they did it.@BabylonLabs_io #baby $BABY
Personally, it became clear to me that users find this quite convenient.
But Babylon seems to be standing aside from this race. The developers are not building another “ultra-fast” network. They take what already exists in Bitcoin plus trust, and try to “share” it with other chains.
BTC remains on Bitcoin.
No wrappers, bridges, and “trust us.” Just staking that secures other people’s networks.
If someone behaves maliciously, they can be slashed right there, where the bitcoin is stored.
Let me be honest with you: it sounds slow and rather un-fashionable. I believe that in the long run, speed is copied within a week. But trust in Bitcoin is not. And probably that’s why they did it.@BabylonLabs_io #baby $BABY