The largest crypto exchange platform in the world through trade volume is support for a new Bitcoin (BTC) design protocol.
In a new announcement, Binance separate It will add the BTC Strike Project Babylon (Baby) to its huge series of digital asset products.
Babylon, that launched Babylon Genesis today, rose in value after obtaining support from Binance.
Baby went from a daily layer of $ 0.084 to a peak of $ 0.099 only a few hours later. It has since retired and is traded for $ 0.087 at the time of writing, a win of 4.6% during the last 24 hours.
According to the official Litaper of the project, the protocol is designed To solve latency, security and programmability problems in connection with BTC, something Layer-2 projects have struggled with it in the past.
“Bitcoin is the first and still the best blockchain in terms of market capitalization. After a value of value, however, its use is limited by its small blockspace, high latency and limited programmability. In particular, earlier efforts in the scaling of Bitcoin and the broadening of the user issues to these coins and other low-2 projects.
The bridges are limited by security or by capacity or by both. Our work brings a new and important use case for the Bitcoin assets: Set to provide security for the POS world (proof-of-stake) world. What we have shown is that for this use case, bridging the Bitcoin assets to other chains is not necessary, but full economic safety can be provided to the POS chains. “
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Generated image: midjourney